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IPO● Neutral for Indian equities
Acevector IPO: Analysts assign 'avoid' tag amid stiff competition, losses
The brief
- Acevector IPO price band is ₹30 to ₹32 per share; minimum lot is 468 shares
- Analysts assign an 'avoid' tag amid stiff competition and losses
- The IPO offers exposure to AceVector, but competition and losses raise risks for prospective investors
- Orient Cables leads four IPOs with a reported 33% grey-market premium
- Orient Cables vs Runwal Enterprises Vs AceVector Vs German Green IPO Day 2: Subscription Status, GMP And Price Band
- AceVector IPO: Losses narrow, but Snapdeal parent plans another big marketing spend
- AceVector IPO subscribed 23%
- Up To 41% Listing Day Gains? What IPO GMPs Of Orient Cables, Snapdeal, Runwal & German Steel Indicate
AceVector IPO
Snapdeal parent AceVector raised ₹189 crore from anchor investors ahead of its IPO, which aims to raise ₹420 crore at the top of the price band. Analysts assigned an Avoid rating, citing stiff competition and losses.
Friday, 25 September
- Acevector IPO: Analysts assign 'avoid' tag amid stiff competition, losses