Snapdeal Parent AceVector Lists At 11.6% Discount On BSE

Snapdeal parent AceVector made a weak stock market debut, listing at ₹28.30 on the BSE, an 11.6% discount to its issue price of ₹32 per share. On the NSE, the stock debuted at ₹28.32, an 11.5% discount to the IPO price. At its BSE listing price, AceVector commanded a market capitalisation of ₹1,540.1 Cr (about $161 Mn), down from its IPO valuation of ₹1,741.4 Cr (about $181.7 Mn).