India, Sept. 30 -- Snapdeal All Set For Listing

Snapdeal parent AceVector's Rs.420 Cr IPO has closed with an oversubscription of 4.93X, driven by strong NII and retail interest. With a 6% grey market premium, the market seems somewhat optimistic. With a listing slated for next week, what does AceVector's (Snapdeal's parent) IPO play look like?

The IPO Deck: AceVector's issue comprises a fresh issue of shares worth Rs.287 Cr and an OFS component of up to 4.16 Cr shares. Priced at Rs.30-32 per share, the IPO values the company at up to Rs.1,741 Cr. The public issue also saw broad-based investor interest, with NIIs subscribing their quota 8.2X, while retail investors and QIBs clocked 4.6X and 3.4X oversubscription, respectively. Shares of ...