Resurfacing: Ola Electric IPO Was Fully Subscribed on Day 2 Back in August 2024, Retail Portion Booked 2.87x
Resurfacing a August 2024 milestone: India's largest EV IPO gathered bids for 8,42,64,000 shares against 8,35,80,701 offered, with retail investors leading at 2.87x, NIIs at 40% and employees at 1.24x. The INR 6,145 Cr raise, priced at INR 72-76 per share, valued Ola Electric at INR 33,523 Cr.
Ola Electric's IPO was fully subscribed by day two, with retail investors booking 2.87x; the EV maker aims to raise INR 6,145 Cr in India's largest EV listing.