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The Big Billion Days Report Card (2)

Ola Electric IPO's Day 2 Performance

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The Big Billion Days Report Card (2)

Ola Electric IPO Overview

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

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Ola Electric Sets IPO Price Band At INR 72-76, Aims To Raise Over INR 6,145 Cr
The Big Billion Days Report Card (2)

Employee Subscription

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

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Ola Cab Parent ANI Tech’s FY23 Revenue Crosses INR 2,500 Cr Mark, Loss Declines To INR 772 Cr
The Big Billion Days Report Card (2)

Retail Investor Interest

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

Non-Institutional Investors

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

Qualified Institutional Buyers

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

Use of Funds

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

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

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