Snapdeal Parent AceVector’s IPO Subscribed 96% On Day 2 So Far

by · Inc42

SUMMARY

  • AceVector’s ₹420 Cr IPO is 96% subscribed by 2:33 PM on Day 2, with the QIB and retail portions crossing 1X
  • The IPO has nearly reached full subscription a day before closing, after receiving only 23% subscription on Day 1
  • The IPO is set to close tomorrow (September 29). AceVector set a price band of ₹30-₹32 per share, valuing the company at up to ₹1,741.4 Cr