“retail individual investors

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Ola Electric IPO Fully Subscribed on Day Two, Attracts Strong Investor Interest

The initial public offering (IPO) of Ola Electric has garnered full subscription on the second day of its bidding process, following a 35% subscription on the first day. The issue received bids for 49,43,85,840 shares, amounting to 1.06 times the issue size of 46,51,59,451 shares. The retail individual investor (RII) quota was notably oversubscribed at 2.87 times, while the non-institutional…