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 IPO was fully subscribed on the second day of bidding, with the retail investor portion subscribed 2.87 times.
Ola Electric’s IPO was fully subscribed on the second bidding day, with the retail investor portion subscribed 2.87 times.
Why this matters
The August IPO milestone resurfaces after signals on Ola Electric's February distribution network redesign and its profitability-focused distribution overhaul.
Retail-company is accelerating, up +199757% QoQ.