AceVector IPO reaches 96% subscription on day 2
In short
Snapdeal parent AceVector’s ₹420 crore IPO was 96% subscribed by 14:33 IST on the second day of bidding.
This shows strong early demand for the issue. The reporting does not say the final subscription level or whether the IPO will be fully booked.
What the reporting says
AceVector’s ₹420 crore IPO, the Snapdeal parent, was 96% subscribed by 14:33 IST on the second day of bidding. The available reporting does not state the final subscription outcome, price band or allocation details. The immediate implication is that demand was strong early in the issue, but whether it becomes fully subscribed by close is still unknown.
Why it matters
AceVector’s ₹420 crore IPO, the parent of Snapdeal, had reached 96% subscription by 14:33 IST on day two of bidding. The source does not state the final closing subscription, pricing details or listing date. Strong early demand may support investor interest, but the end result of the issue is still unknown.