AceVector IPO is oversubscribed 2.59x on final bid day
In short
AceVector’s ₹420 crore IPO was oversubscribed 2.59 times on the last day of bidding. The company is the parent of Snapdeal.
The strong demand may help the issue, but the final investor breakdown and allotment details are not stated in the available reporting.
What the reporting says
AceVector’s ₹420 crore IPO was oversubscribed 2.59 times on the final day of bidding, according to the publisher summary. The report identifies AceVector as Snapdeal’s parent, but does not give the split by investor category or the final allotment outcome. The immediate implication is strong demand, while the final subscription details remain unstated in the available reporting.
Why it matters
AceVector, described as Snapdeal’s parent, saw its ₹420 crore IPO oversubscribed 2.59 times on the final bidding day. The publisher summary indicates investor demand was strong, but it does not state the category-wise subscription, price band, or whether the issue has been fully allocated. The final outcome is still unknown from the available reporting.