Resurfacing an August 2024 Move: Ola Electric's ₹6,145 Cr IPO Was Fully Subscribed on Day 2, Retail Portion Booked 2.87x

Looking back at Ola Electric's IPO in early August 2024, overall subscription hit 1.05x by day two, with retail investors booking 2.87x and employees 1.66x; NII led demand at 60% while QIB stood at 8%. Price band was set at ₹72-76, valuing the EV maker at $4.2 Bn ahead of its August 9, 2024 listing on BSE/NSE.

— Filed Mon, 20 Jul, 2026, 14:03 IST · Source Inc42 · Quick Commerce · Updated 20 Jul 2026