Resurfacing: Ola Electric IPO was fully subscribed on Day 2 (Aug 2024); retail portion booked 2.87x
Resurfacing a August 2024 move: Ola Electric’s IPO was fully subscribed on the second day of bidding, August 5, 2024, with the retail investor category subscribed 2.87 times.
Ola Electric’s IPO was fully subscribed on the second bidding day, August 5, 2024. The retail investor portion was subscribed 2.87 times.
Why this matters
The resurfaced IPO-demand milestone follows recent Ola Electric signals on its February distribution-network redesign and profitability refocus, while echoing a separate Day 2 IPO subscription signal.
Retail-company is accelerating, up 308925% QoQ.