Ola Electric’s Rs6,145-cr IPO fully subscribed on Day-2

New Delhi: The Rs6,145-crore initial public offer of electric two-wheeler company Ola Electric Mobility got fully subscribed on the second day of bidding on Monday, driven by demand from retail investors and non-institutional investors.

The initial share sale received bids for 49,43,63,610 shares against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the NSE data. The category for Retail Individual Investors (RIIs) fetched 2.87 times subscription while the quota for non-institutional investors got subscribed 1.11 times.