Ola Electric IPO's Day 2 Performance

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Ola Electric IPO Overview

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Employee Subscription

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Retail Investor Interest

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Non-Institutional Investors

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Qualified Institutional Buyers

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Use of Funds

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Ola Electric IPO: Issue Fully Subscribed On Day 2, Retail Portion Booked 2.87X

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Ola Electric IPO's Day 2 Performance

Ola Electric IPO Overview

The IPO was fully subscribed on its second day, reaching 1.06 times the offer.

Employee Subscription

The employee-reserved portion was the most subscribed, reaching 8.9 times.

Retail Investor Interest

Retail investors showed strong interest, with a 2.87 times oversubscription.

Non-Institutional Investors

Non-institutional investors oversubscribed by 1.11 times, showing limited enthusiasm.

Qualified Institutional Buyers

QIBs showed the least interest, subscribing to only 40% of the shares available.

Use of Funds

Proceeds will fund the Ola Gigafactory, R&D, and debt repayment.

Ola Electric IPO: Issue Fully Subscribed On Day 2, Retail Portion Booked 2.87X