Resurfacing: Ola Electric IPO was fully subscribed on day 2 (August 2024); retail tranche booked 2.87x
Resurfacing a August 2024 update: Ola Electric's IPO was fully subscribed on the second day of bidding, with retail investors subscribing to 2.87 times the shares reserved for them.
Ola Electric’s IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times.
Why this matters
The resurfaced IPO-demand update follows Ola Electric's distribution-network redesign for profitability and its Q1 FY26 registration rebound, including 16,144 units in June.
Retail-company signals are accelerating, up 395667% QoQ.