Resurfacing an August 2024 move: Ola Electric IPO was fully subscribed on Day 2, retail tranche booked 2.87x
Resurfacing a development from August 5, 2024, when Ola Electric's IPO was fully subscribed on its second day of bidding, with the retail investor portion subscribed 2.87 times, signalling strong early demand for the electric two-wheeler maker's public issue at the time.
Ola Electric’s IPO was fully subscribed on its second day, with the retail investor portion subscribed 2.87 times.
Why this matters
The August 2024 IPO-demand signal adds to Ola Electric's recent resurfaced developments, including its distribution network redesign with profitability in focus and renewed attention to the Day 2 IPO subscription milestone.
Retail-company is accelerating, up +565900% QoQ.