Ola Electric IPO Oversubscribed by 5 Times on Day 2
Strong retail interest pushes Ola Electric's public offering, despite concerns over profitability and service quality.
Amit Shah Feb 12, 2026 2 mins read
Image Source: ET Auto
Market Confidence
Ola Electric's initial public offering (IPO) has seen strong demand, particularly from retail investors. By the end of day 2, the issue was subscribed 5 times, signaling market confidence in the EV leader's long-term story.
Challenges Ahead
Despite the strong subscription numbers, analysts remain cautious about the company's path to profitability and recent customer complaints regarding after-sales service. The funds raised will be used for R&D and expanding the Gigafactory in Tamil Nadu.
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