Archive · 5 Oct 2026
AceVector Shares Debut at Discount After Rs 420 Crore IPO
AceVector is the company that owns Snapdeal and other digital commerce businesses.
Its shares began trading on Monday.
They opened below the price investors paid in the IPO.
The BSE opening price was Rs 28.30, compared with an issue price of Rs 32.
The company raised Rs 420 crore through the IPO.
Investors applied for shares worth more than the number available, and the IPO was subscribed 4.93 times.
AceVector includes Snapdeal, Unicommerce and Stellaro Brands.
These businesses cover online shopping, e-commerce software and consumer brands.
AceVector shares opened at Rs 28.30 on the BSE, 11.56% below the Rs 32 issue price.
On the NSE, shares opened at Rs 28.32, around 11.5% below the offer price.
The Rs 420 crore IPO was subscribed 4.93 times on the final day of bidding.
The issue included a Rs 287 crore fresh share sale and an offer for sale of 4.16 crore shares.
AceVector’s businesses include Snapdeal, Unicommerce and Stellaro Brands.
- Who
- AceVector Ltd, the SoftBank-backed parent of Snapdeal.
- What
- Its shares began trading below the IPO issue price.
- When
- Monday; the article does not specify a calendar date.
- Where
- The BSE and NSE in India.
- Why
- The listing followed AceVector’s Rs 420 crore initial public offering.
IPO demand
Market debut
Subscription and opening performance
IPO demand
The IPO received 4.93 times subscription, indicating applications exceeded the shares available.
Market debut
Despite that subscription, the stock opened about 11.5% below its Rs 32 issue price.
- IPO size
- Rs 420 crore
- Issue price
- Rs 32 per share at the upper end of the price band
- Price band
- Rs 30 to Rs 32 per share
- BSE opening price
- Rs 28.30, down 11.56% from the issue price
- NSE opening price
- Rs 28.32, down around 11.5%
- IPO subscription
- 4.93 times
- IPO components
- Rs 287 crore fresh issue and an offer for sale of 4.16 crore shares
- Market valuation
- Rs 1,394.75 crore