Resurfacing an August 2024 move: Ola Electric IPO was fully subscribed on Day 2, retail tranche booked 2.87x
Resurfacing a development from August 3, 2024: Ola Electric's IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times, signalling strong individual-investor demand for the EV maker at the time.
Ola Electric’s IPO was fully subscribed on the second bidding day, with the retail investor portion subscribed 2.87 times.
Why this matters
Alongside Ola Electric’s February distribution network redesign amid its profitability push, the August 2024 IPO demand signal provides context on earlier investor interest in the EV maker.
Retail-company signals are accelerating, up +385433% QoQ.