AceVector IPO Subscribed 9% On Day 1 So Far, Retail Investors Lead Bidding

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.