Resurfacing: Ola Electric's Rs 6,145 Cr IPO Was Fully Subscribed on Day 2 (August 2024), Retail Booked 2.87x
Revisiting August 2024 data: Retail investors drove demand with 2.87x subscription and NII at 2.42x, but institutional interest lagged sharply at just 4% QIB. Rs 2,763 Cr anchor book had been secured ahead of the August 9 listing.
Ola Electric's Rs 6,145 Cr IPO was fully subscribed on day two, with retail investors booking 2.87x; QIB portion lagged at just 4%; listing expected August 9.