Resurfacing Ola Electric's August 2024 Move: ₹6,146 Cr IPO Was Fully Subscribed on Day 2, Retail Demand Led at 2.87x
Looking back at the August 5, 2024 update: overall subscription hit 1.02x with retail investors driving momentum at 2.87x and employees at 1.68x, while institutional interest lagged (QIB 0.09x, NII 0.34x). Price band was set at ₹72-76, valuing the EV maker near $4B ahead of its August 9 listing on BSE/NSE.
Ola Electric's Rs 6,146 Cr IPO fully subscribed on Day 2, driven by strong retail investor demand (2.87x); listing expected August 9, 2024 on BSE/NSE.