Resurfacing: Ola Electric IPO was fully subscribed on Day 2 back in August 2024; retail tranche booked 2.87x
Old news resurfacing — Ola Electric’s IPO was fully subscribed on the second day of bidding in early August 2024, with the retail investor portion receiving 2.87 times subscription.
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 2024 IPO milestone contrasts with recent Ola Electric signals focused on redesigning its distribution network to target profitability and improve operating economics.
retail-company is accelerating, up 225400% QoQ.
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