The IPO of AceVector, the parent of Indian e-commerce platform Snapdeal, was fully subscribed on the second day of bidding on Monday, according to exchange data.
AceVector is seeking a valuation of up to 17.41 billion rupees ($182 million) in a trimmed IPO, with a price band of 30 to 32 rupees per share.
The firm received bids for 74.23 million shares until 3:08 p.m. IST.
The retail and non-institutional investor portions were subscribed 1.12 times and 0.85 times respectively, while the qualified institutional buyers segment was subscribed 1.03 times, the data showed.
The IPO comprises a fresh issue of shares worth 2.87 billion rupees and an offer for sale of up to 41.56 million shares by existing investors, including controlling shareholder Starfish, owned by SoftBank, and Nexus Venture Partners.
AceVector, which also owns Unicommerce and Stellaro Brands, posted a consolidated loss of 607.8 million rupees for fiscal year 2026, with revenue of 5.1 billion rupees.
The issue closes on Tuesday and the shares are expected to begin trading from October 5.
The listing comes during a resurgence in India's primary market as fundraising activity has picked up in the second half of 2026 after geopolitical tensions curbed issuance in the first six months.
