AceVector lists on exchanges below issue price
By Abha Lohia ·
- AceVector is the parent of the e-commerce marketplace Snapdeal and has just completed its public share sale
- Its shares began trading on 5 October at about ₹28.3, roughly 11.5% under the ₹32 issue price on both exchanges
- The ₹420 crore offer mixed new shares with a sale by early backers, and the listing values the firm near ₹1,540 crore
What happened
- Shares opened at ₹28.32 on the NSE, below the ₹32 upper price.
- The BSE opening was close, at ₹28.30.
- The offer had a ₹287 crore fresh issue.
- Existing holders sold shares worth ₹133 crore.
- Grey market signals had hinted at a small premium instead.
Why it matters
- A weak start shows cautious investor mood for new-age consumer internet firms.
- Early backers such as SoftBank's Starfish and Nexus trimmed holdings at the offer.
- Analysts question the firm's competitive moat against larger rivals.
The business
- Parent of the Snapdeal online marketplace.
Who put in money
- Starfish selling shareholder — SoftBank subsidiary
- Nexus Venture Partners selling shareholder — Venture capital firm
In numbers
₹32Issue price · 2026
₹28.32Opening price (NSE) · 2026
Words to know
- Grey market premium
- Unofficial price gap traded before a listing, hinting at expected gains.
Other articles talking about it
More on AceVector
- ACAceVector · Stake sale · 3 October 2026 · ₹88.3 CrStarfish earns ₹88 crore selling AceVector shares in IPO
- ACAceVector · IPO · 24 September 2026 · Rs 189 croreSnapdeal parent AceVector raises Rs 189 crore via anchor book
- ACAceVector · IPO · 12 September 2026 · ₹300 CrAceVector files for initial public offering
- ACAceVector · IPO · 6 December 2025 · ₹300 CrAceVector files updated IPO papers for ₹300 crore
- ACAceVector · IPO · 17 November 2025AceVector gets SEBI approval for IPO
- ACAceVector · IPO · 15 July 2025 · ₹500 CrAceVector files confidential draft papers for IPO
- ACAceVector · People · 8 January 2025AceVector appoints new CEOs for Snapdeal and Stellaro
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