AceVector makes weak market debut, shares list 11.5% below issue price

Shares of AceVector Ltd., the parent company of Snapdeal, stumbled on their stock market debut on Monday, October 5, opening at a notable discount on both the NSE and BSE. The stock listed at Rs 28.32 on the NSE and Rs 28.30 on the BSE, down roughly 11.5% from its issue price of Rs 32. The weak debut caught some investors off guard, especially as grey market trading had previously indicated a modest 3% listing gain.