IPO● Neutral for Indian equities
Snapdeal’s Weak Listing, Founders Pledge Stakes & More
The brief
- Snapdeal parent AceVector made a weak stock-market debut
- The report flags founders' pledged stakes but gives no details
- AceVector shares debut at ₹28.30, an 11.6% discount to IPO price
- SoftBank-backed Starfish gets ₹88.3 crore from AceVector IPO exit