Resurfacing: Ola Electric IPO was fully subscribed on Day 2 back in August 2024; retail tranche had booked 2.87x
Revisiting an August 2024 milestone — Ola Electric’s public issue was fully subscribed on the second day of bidding, with the retail investor portion having received 2.87 times the shares on offer as of August 5, 2024.
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 milestone follows recent signals on Ola Electric’s February 2025 distribution network redesign and profitability push, alongside a prior signal on the IPO reaching full subscription on Day 2.
retail-company is accelerating, up 225200% QoQ.
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