Resurfacing Ola Electric's August 2024 IPO Day 2 subscription: retail portion booked 2.87x
Revisiting a months-old milestone from Ola Electric's IPO: on the second day of bidding back in August 2024, the offering was fully subscribed, with the retail-investor quota subscribed 2.87 times, reflecting strong early demand at the time for the electric-mobility company's public offering.
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 historical IPO-demand milestone adds context to Ola Electric's recent February distribution overhaul and network redesigns focused on improving profitability.
retail-company is accelerating, up 992400% QoQ.