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The Economic Times

Business

Veer Sharma

AceVector IPO, 2 other mainboard offers see strong demand on Day 2. Check GMP, subscription status

AceVector IPO NSE Veer Sharma QIBs SEBI Snapdeal SRIT India Vishal Nirmiti

Three mainboard IPOs, AceVector (Snapdeal), Runwal Enterprises and German Green Steel & Power, entered their second day of bidding on Monday, with all three drawing strong investor interest, according to exchange data.

AceVector Ltd., the parent company of Snapdeal, commanded a grey market premium (GMP) of 3.12%, indicating a modest Rs 1 premium over its issue price. The book-built IPO comprises a fresh issue of 8.97 crore shares worth Rs 287 crore and an offer for sale (OFS) of 4.16 crore shares aggregating to Rs 133 crore.

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