Ola Electric's ₹6,145 crore IPO saw full subscription on its second bidding day. The IPO, open from August 2 to 6, received 49.43 crore bids against 46.51 crore shares, with retail investors and non-institutional investors driving demand.
The non-institutional quota was subscribed 1.11 times, retail individual investors 2.87 times, qualified institutional buyers 40%, and the employee portion 8.98 times. Initially, the IPO saw only 35% subscription on the first day. The offering includes 8.49 crore shares from an offer for sale, with founder Bhavish Aggarwal selling 3.8 crore shares.