India, Oct. 5 -- One of India's earliest ecommerce marketplaces has finally trotted onto D-Street. After a relatively muted 4.93X subscription to its IPO, Snapdeal's parent AceVector is all set to make its stock market debut on Monday.

AceVector's Rs.420 Cr IPO, which opened on September 25 and closed on September 29, comprised a fresh issue of Rs.287 Cr and an offer for sale (OFS) of around Rs.133 Cr, with shares priced in the Rs.30-32 band.

The company's IPO response is a far cry from its once-lofty standing in India's ecommerce race. At its peak, the company was valued at $6.5 Bn, backed by heavyweight investors, including SoftBank Group, Alibaba Group and Foxconn.

Then, as Amazon poured billions into building its India business and...