AceVector IPO Oversubscribed 2.59X on Final Day

Snapdeal parent AceVector's INR 420 Cr IPO closed bidding oversubscribed 2.59X, with bids for 19.25 Cr shares against 7.42 Cr on offer. Non-institutional investors led at 4.11X their quota. Shares list tentatively on BSE and NSE on October 5, with a grey market premium of INR 2 signalling a slight listing premium.