[Update] AceVector IPO Subscribed 23% On Day 1, Retail Quota Booked 62%

by · Inc42

SUMMARY

  • Snapdeal parent AceVector’s ₹420 Cr IPO was subscribed 23% at the end of the first day of bidding, receiving bids for 1.72 Cr shares against 7.42 Cr shares on offer.
  • With QIBs yet to bid for their allocation, which accounts for more than half the offer, institutional participation will be key to the issue’s overall subscription.
  • The retail portion was subscribed 62%, while the NII quota was booked 42%.