Resurfacing Ola Electric's Aug 2024 IPO: fully subscribed on Day 2, retail tranche booked 2.87x
Resurfacing a move from August 5, 2024: Ola Electric's IPO was fully subscribed on the second day of bidding. The retail investor portion drew 2.87 times subscription, signalling strong individual-investor demand for the EV maker's public issue at the time.
Ola Electric’s IPO was fully subscribed on its second bidding day, August 5, 2024. The retail investor portion was subscribed 2.87 times.
Why this matters
The resurfaced IPO-demand update sits alongside Ola Electric's recent distribution-network redesign focused on profitability and another resurfaced Day 2 IPO subscription signal.
Retail-company is accelerating, up +993500% QoQ.