Resurfacing Ola Electric’s August 2024 IPO: fully subscribed on Day 2 with retail tranche bid 2.87x
Resurfacing a August 2024 milestone: Ola Electric’s IPO was fully subscribed on August 5, 2024, the second day of bidding. The retail investor portion received bids for 2.87 times the shares on offer, signalling strong individual-investor interest in the electric two-wheeler maker.
Ola Electric’s IPO was fully subscribed on the second day of bidding, August 5, 2024. The retail investor portion was subscribed 2.87 times.
Why this matters
The IPO subscription milestone precedes Ola Electric’s February 2025 distribution-network redesign focused on profitability and is being resurfaced alongside the same Day 2 retail-demand signal.
Retail-company is accelerating, up 224633% QoQ.