Stories
AceVector IPO Subscribed Nearly 5 Times on Final Bidding Day
N
News18•29-09-2026, 20:15
AceVector IPO Subscribed Nearly 5 Times on Final Bidding Day
- •The initial public offering (IPO) of SoftBank-backed digital commerce ecosystem AceVector Ltd was subscribed 4.93 times on Tuesday, the last day of bidding.
- •The Rs 420-crore IPO received bids for 36,61,43,076 shares against 7,42,29,166 shares on offer.
- •Non-institutional investors subscribed 8.16 times, retail investors 4.62 times, and Qualified Institutional Buyers (QIBs) 3.38 times.
- •AceVector raised Rs 189 crore from anchor investors, with the IPO price band fixed at 30-32 per share.
- •The IPO includes a fresh issue of equity shares worth Rs 287 crore and an offer-for-sale (OFS) of 4.16 crore shares aggregating to Rs 133 crore.
Key Questions Answered
The initial public offering of AceVector Ltd was subscribed 4.93 times on Tuesday, the final day of bidding, receiving bids for over 36.60 crore shares against 7.42 crore shares on offer.
The AceVector IPO price band was fixed at Rs 30 to 32 per share, and the company's shares are tentatively scheduled to debut on the stock exchanges on October 5.
The IPO comprises a fresh issue of equity shares worth Rs 287 crore and an offer-for-sale of 4.16 crore shares aggregating to Rs 133 crore. AceVector trimmed its total IPO size from an earlier plan that included a Rs 300-crore fresh issue and an offer-for-sale of 6.38 crore equity shares.
