AceVector shares open nearly 12% below IPO price
In short
AceVector shares started trading on the BSE at ₹28.30, below the IPO price of ₹32. That is a drop of 11.56%.
The IPO had strong demand, with 5.07 times overall subscription. The report does not explain why the stock still listed lower.
What the reporting says
AceVector shares opened at ₹28.30 on the BSE versus the IPO price of ₹32, down 11.56%, in a weak debut. The company’s IPO was subscribed 5.07 times overall, including 4.83 times in retail, 3.42 times in QIBs excluding anchors, and 8.53 times in NIIs. The immediate consequence is a soft start to trading, while the reason for the gap-down open was not stated.
Why it matters
AceVector shares opened at ₹28.30 on the BSE against the IPO price of ₹32, a fall of 11.56% on debut. CNBC TV18 said the IPO ran from September 25 to September 29 and was subscribed 5.07 times overall, with retail at 4.83 times, QIBs at 3.42 times excluding anchor investors, and NIIs at 8.53 times. The reporting does not identify the cause of the weak open.