Resurfacing an August 2024 Move: Ola Electric's ₹6,145 Cr IPO Was Fully Subscribed on Day 2, Retail Portion Booked 2.87x
Back in early August 2024, Ola Electric's IPO drew 7.44 crore share bids against 7.22 crore on offer, with retail investors leading demand at 2.87x. Employee quota booked 2.06x, QIB 0.62x, NII lagged at 0.34x. Price band was set at ₹72-76 ahead of the August 9 listing on BSE and NSE.
Ola Electric's Rs 6,145 crore IPO was fully subscribed on day two, with strong retail investor demand (2.87x) ahead of its August 9 listing on BSE and NSE.