AceVector IPO Oversubscribed 2.59X On Day 3 So Far

Snapdeal parent AceVector’s ₹420 Cr IPO was oversubscribed 2.59X on the final day of bidding, with investors placing bids for 19.25 Cr shares against 7.42 Cr shares on offer, according to BSE data. The highest number of bids have come from non institutional investors (NIIs) till now, who have placed bids for 8.46 Cr shares against the 2.06 Cr shares earmarked for them. This translates to a 4.11X oversubscription of their quota.