Resurfacing: Ola Electric IPO Was Fully Subscribed on Day 2 Back in August 2024, Retail Portion Booked 2.87x
Resurfacing a August 5, 2024 update — Ola Electric's Rs 6,145 crore IPO had crossed full subscription on day two, with retail investors bidding 2.87x and employees 1.16x, even as QIB demand lagged at 0.5x ahead of the August 9, 2024 listing.
Ola Electric's Rs 6,145 crore IPO was fully subscribed on day two, with retail investors booking 2.87x, ahead of its August 9 listing on BSE and NSE.
Why this matters
This resurfaces Ola Electric's August 2024 IPO milestone, now paired with recent signals on dealer network overhaul and distribution changes amid profitability pressure.
Retail-company theme is accelerating sharply, up +923100% QoQ.