Resurfacing an August 2024 move: Ola Electric IPO was fully subscribed on Day 2, retail tranche booked 2.87x
Resurfacing a report from August 5, 2024: Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion receiving subscriptions worth 2.87 times the shares on offer.
Ola Electric’s IPO was fully subscribed on the second bidding day, with the retail investor portion subscribed 2.87 times.
Why this matters
The resurfaced IPO-demand milestone follows recent signals on Ola Electric’s distribution overhaul and network redesign, both focused on improving profitability.
Retail-company signals are accelerating, up 254800% QoQ.