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  5. AceVector subscribed 2.07 times so far on Day 3; check allotment date

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AceVector subscribed 2.07 times so far on Day 3; check allotment date

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on September 29, 2026, 13:39 IST

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SUMMARY

AceVector IPO is a mix of a fresh issue of equity shares worth ₹287 crore and an offer-for-sale (OFS) of 4.16 crore shares totalling ₹133 crore by the promoter and existing investors.

AceVector IPO price band has been set at ₹30-₹32 per share. | Image: snapdeal.com

AceVector IPO price band has been set at ₹30-₹32 per share. | Image: snapdeal.com

The initial share sale of SoftBank-backed digital commerce ecosystem AceVector Ltd has been subscribed 2.07 times so far on the third day of bidding on Tuesday, September 29.

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The IPO received bids for 15,33,73,428 shares against 7,42,29,166 shares on offer, as per the NSE data until 1:37 pm.

The quota for retail investors fetched 2.73 times subscription, while the category for non-institutional investors was subscribed 2.72 times. The qualified institutional buyers (QIBs) part was booked 1.5 times.

The IPO is a mix of a fresh issue of equity shares worth ₹287 crore and an offer-for-sale (OFS) of 4.16 crore shares totalling ₹133 crore by the promoter and existing investors.

The company intends to use net proceeds for funding a portion of the marketing and promotion expense of the marketplace business, technology infrastructure costs, inorganic growth through acquisitions and corporate general purposes.

"Our company expects to receive the benefits of listing the equity shares on the stock exchanges, including enhancement of our company’s brand name and creation of a public market for our equity shares in India," the firm said in its RHP.

With a price band of ₹30 to ₹32 per share, a lot consists of 468 shares.

AceVector operates an asset-light digital commerce ecosystem consisting of Snapdeal, a value-focused lifestyle e-commerce marketplace; Unicommerce, an e-commerce enablement SaaS platform; and Stellaro Brands, an omnichannel consumer brands retailing business.

AceVector IPO allotment and listing date

AceVector IPO allotment is expected to be finalised on Wednesday, September 30. The company's shares will be listed on October 5.

Moneyview IPO Allotment Live Updates: Steps to check status online on NSE, BSE, MUFG Intime India

How to check AceVector IPO allotment status on NSE

Steps to check AceVector IPO allotment status on MUFG Intime India

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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