Snapdeal Parent AceVector’s IPO Subscribed 96% On Day 2 So Far

Snapdeal parent AceVector’s ₹420 Cr IPO has been subscribed 96% as of 14:33 IST on the second day of bidding, with investors placing bids for 7.16 Cr shares against the 7.42 Cr shares on offer. Till now, retail investors have been most bullish on the public float, oversubscribing their quota 1.11X. These investors have placed bids for 1.53 Cr shares till now against 1.37 Cr shares reserved for them.