Resurfacing: Ola Electric IPO was fully subscribed by Day 2 back in August 2024; retail tranche booked 2.87x
Resurfacing a months-old milestone — Ola Electric’s public issue was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times as of August 5, 2024.
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor segment subscribed 2.87 times. The public offering signals investor appetite for the Indian electric-mobility retailer and manufacturer.
Why this matters
The resurfaced IPO milestone follows recent signals on Ola Electric’s distribution-network redesign for profitability and prior coverage of its Day 2 IPO subscription, including 2.87x retail demand.
Retail-company is accelerating, up +1025300% QoQ.