Resurfacing an August 2024 Move: Ola Electric's Rs 6,145 Cr IPO Was Fully Subscribed on Day 2, Retail Portion Booked 2.87x
Recalling early August 2024: India's first public EV maker saw strong Day 2 demand ahead of its August 9 listing, with retail investors booking 2.87x their allotted portion and employees at 1.94x; anchor investors had already committed Rs 2,763 Cr.
Ola Electric's Rs 6,145 Cr IPO was fully subscribed by Day 2, with retail portion booked 2.87x; listing expected August 9, 2024, as India's first public EV maker.