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Update| September 25, 2026 18:55 IST Snapdeal parent AceVector’s ₹420 Cr IPO was subscribed 23% at the end of the first day of bidding today. The issue received bids for 1.72 Cr shares against 7.42 Cr shares on offer, according to BSE data as of 17:00 IST. The retail portion recorded the highest subscription rate at 62%, receiving bids for 85.74 Lakh shares against 1.37 Cr shares earmarked for the category. Non-institutional investors (NIIs) bid for 86.70 Lakh shares against their allocation of 2.06 Cr shares, subscribing to 42% of their quota. Within the NII category, the portion for bids above ₹2 Lakh and up to ₹10 Lakh was subscribed 71%, while the portion for bids above ₹10 Lakh was booked 28%. Qualified institutional buyers (QIBs) were yet to place bids for the 3.99 Cr shares reserved for them. Original | September 25, 2026 14:37 IST Snapdeal parent AceVector’s ₹420 Cr IPO was subscribed 9% as of 14:12 IST on the first day of bidding, with investors bidding for 65.11 Lakh shares against 7.42 Cr shares on offer, according to BSE data. Retail investors led bidding, subscribing to 36% of their quota. They placed bids for 49.85 Lakh shares against 1.37 Cr shares reserved for them. Non-institutional investors (NIIs) bid for 15.27 Lakh shares against their allocation of 2.06 Cr shares, subscribing to 7% of the portion. Qualified institutional buyers (QIBs) were yet to place bids against the 3.99 Cr shares earmarked for them. The IPO will close on September 29 (Tuesday). AceVector has set a price band of ₹30-₹32 per share, valuing the company at up to ₹1,741.4 Cr ($181.7 Mn). Its shares are expected to list on the BSE and NSE on October 5. The issue comprises a fresh issue of shares worth ₹287 Cr and an OFS of up to 4.16 Cr shares, worth ₹133 Cr at the upper end of the price band. Ahead of the public issue, AceVector raised ₹189 Cr from anchor investors yesterday. Helios Mutual Fund and Taurus Ethical Fund were the only domestic mutual funds to participate, together picking up 93.75 Lakh shares, or 15.87% of the anchor allocation. AceVector plans to use ₹132 Cr of the net proceeds from the fresh issue for Snapdeal’s marketing and business promotion, and another ₹50 Cr for its technology infrastructure. The remaining proceeds will go towards acquisitions and general corporate purposes. Founded in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal once competed with Flipkart and Amazon before losing ground. Following the collapse of its proposed merger with Flipkart in 2017, it pivoted to a value-focused ecommerce model. Besides Snapdeal, AceVector’s businesses include listed ecommerce enablement platform Unicommerce and consumer brands business Stellaro Brands. The group adopted the AceVector identity in 2022. On the financial front, AceVector’s restated net loss narrowed nearly 64% to ₹45.5 Cr in FY26 from ₹126.3 Cr in FY25. Operating revenue rose 29.2% to ₹510.3 Cr from ₹395 Cr.
document fetched 2026-09-26 02:50 · canonical https://inc42.com/buzz/acevector-ipo-subscribed-9-on-day-1-so-far-retail-investors-lead-bidding