IPO▼ Bearish for Indian equities
AceVector debuts 11.5% below IPO price despite 4.93-times subscription
The brief
- Shares fell 11.5% on their trading debut
- The IPO was subscribed 4.93 times on the final day of bidding
- The weak listing may temper sentiment toward Indian startup IPOs and newly listed stocks
- New IPO listings: Discount or premium? AceVector, Runwal, Orient, German Green Steel & Power - Check worst, best debut
- Orient Cables gains on debut as AceVector disappoints; two others open flat
- AceVector opens at ₹28.30, 11.56% below its IPO price
- IPO GMP On Listing Day: Acevector vs Orient Cables vs German Green vs Runwal Enterprises
- Snapdeal Parent AceVector IPO Listing Today: GMP, Expected Listing Price Ahead Of Debut