IPO▼ Bearish for Indian equities
AceVector opens at ₹28.30, 11.56% below its IPO price
The brief
- Shares opened at ₹28.30 on the BSE against an IPO price of ₹32
- The IPO was subscribed 5.07 times overall
- The weak debut may weigh on AceVector sentiment and caution around IPO listings
- Snapdeal Parent AceVector IPO Listing Today: GMP, Expected Listing Price Ahead Of Debut
- Snapdeal Makes It To D-Street, But Where’s The Moat?
- SoftBank-backed Starfish gets ₹88.3 crore from AceVector IPO exit
- AceVector IPO allotment expected today; investors can check status on exchange and registrar sites
- Snapdeal Ready For D-Street, Soulfull Cofounder’s New Venture & More
Four IPOs list, led by Orient Cables
Orient Cables listed at ₹450, 65.44% above its ₹272 issue price, after subscription of more than 92 times. AceVector opened at ₹28.30, 11.56% below its ₹32 issue price; German Green and Runwal made flat debuts.
Monday, 5 October
- AceVector opens at ₹28.30, 11.56% below its IPO price