AceVector IPO reaches 9% subscription on Day 1; retail portion booked 36%
Snapdeal parent AceVector’s ₹420 crore IPO saw 9% overall subscription by 14:12 IST on its opening day. Retail investors led bidding, subscribing 36% of their reserved quota. The company plans to use fresh-issue proceeds for Snapdeal marketing, technology infrastructure and acquisitions.
What happened
Snapdeal parent AceVector’s ₹420 crore IPO was 9% subscribed on day one, led by retail investors. Proceeds will fund Snapdeal marketing, technology and
Key facts
- ₹420 crore IPO
- 9% subscribed as of 14:12 IST on day 1
- Retail quota subscribed 36%: 49.85 lakh shares bid versus 1.37 crore reserved
- IPO price band ₹30-₹32 per share
- ₹132 crore earmarked for Snapdeal marketing and promotion
What changed
Snapdeal parent AceVector’s ₹420 crore IPO was 9% subscribed on day one, led by retail investors. Proceeds will fund Snapdeal marketing, technology and acquisitions. The group reported FY26 revenue growth of 29.2% and a 64% narrowing of net loss.
Why this matters
With the ₹420 crore IPO only 9% subscribed overall by mid-day despite 36% retail participation, investors should watch institutional demand and valuation support through the remaining subscription window.
What to watch
- Day-2 and final subscription split across QIB, NII/HNI and retail categories
- Grey-market premium movement and any change in issue-price sentiment
- Anchor investor quality, concentration and lock-up-related supply concerns
- Management commentary on marketing-spend intensity and timeline to improved unit economics
- Use-of-proceeds detail for acquisitions and technology infrastructure