Snapdeal Parent AceVector Lists At 11.6% Discount On BSE

by · Inc42

SUMMARY

  • Snapdeal parent AceVector listed at ₹28.30 on the BSE, an 11.6% discount to its IPO price of ₹32.
  • The weak debut shaved about ₹201 Cr off AceVector’s IPO valuation, despite the issue receiving 4.93X subscription.
  • The ₹420 Cr IPO comprised a ₹287 Cr fresh issue and a ₹133 Cr OFS, with fresh capital earmarked largely for Snapdeal’s marketing and technology.