AceVector IPO allotment: Check status on BSE, NSE and registrar — latest GMP here

Fresh updates from the financial markets indicate that The share allotment for AceVector, the parent firm of Snapdeal, is anticipated to be finalised today, September 30. Market participants who applied for the Rs 420-crore IPO can check their allotment status through the BSE, NSE or the offering registrar, MUFG Intime India.

The IPO closed for subscription on September 29 after receiving bids for 14,84,50,068 shares against 7,42,29,166 shares on offer. The offering was subscribed 4.93 times overall.

The Qualified Institutional Buyers (QIBs) portion was subscribed 3.38 times, while the Non-Institutional Market participants (NIIs) category received 8.16 times subscription. The Retail Individual Market participants (RIIs) portion was subscribed 4.62 times.

Read Additionally: Runwal Enterprises IPO allotment today on BSE, NSE and registrar — check latest GMP

As per the IPO schedule, refunds for market participants who do not receive an allotment are anticipated to begin on October 1, while shares allotted to successful applicants are scheduled to be credited to their Demat accounts on the same day. The shares are scheduled to list on the BSE and NSE on October 5.

How to check AceVector IPO allotment status on BSE

Step 1. Visit the BSE IPO application status page at https://www.bseindia.com/market participants/appli_check

Step 2. Select Equity as the offering type.

Step 3. Select AceVector Ltd. from the offering name dropdown.

Step 4. Enter the application number or PAN.

Step 5. Complete the captcha.

Step 6. Click Search to view the allotment status.

How to check AceVector IPO allotment status on NSE

1. Go to the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

2. Select Equity & SME IPO bid details.

3. Select ACEVECTOR from the firm symbol dropdown.

4. Enter the PAN or application number.

5. Click Submit to check the status.

How to check AceVector IPO allotment status on MUFG Intime

Step 1. Visit the MUFG Intime IPO application status page at https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Step 2. Select AceVector Ltd. – IPO from the firm name dropdown.

Step 3. Choose the required option, such as PAN, Application Number, DP/Client ID or Account No./IFSC.

Step 4. Enter the relevant details.

Step 5. Click Submit to view the allotment status.

The grey market premium (GMP) for the AceVector IPO was around Rs 1 in the latest InvestorGain update. With the upper end of the IPO price range set at Rs 32, this indicates an estimated stock-exchange debut price of around Rs 33, implying a potential premium of approximately 3.13 percent over the offering price.

GMP is an unofficial market indicator and is not regulated by the bourses. It can change before stock-exchange debut and does not guarantee the actual stock-exchange debut price.

The AceVector IPO was open for subscription from September 25 to September 29. The price range was set at Rs 30-32 per share, with a lot size of 468 shares. At the upper price range, the minimum investment for a retail investor was Rs 14,976.

The Rs 420-crore book-built offering comprised a fresh offering of Rs 287 crore and an offer-for-sale (OFS) of Rs 133 crore. The offering involved approximately 13.12 crore shares in total.

The IPO proceeds from the fresh offering are intended to backing the firm's business objectives and general corporate purposes, while the proceeds from the OFS will go to the selling shareholders.

The shares of AceVector are scheduled to be listed on both the BSE and NSE on October 5. The basis of allotment is scheduled for September 30, followed by refunds and Demat credit on October 1.

AceVector operates an asset-light digital commerce ecosystem through businesses spanning value-focused e-commerce, e-commerce enablement software and consumer brands.

Its portfolio includes Snapdeal, the value-focused e-commerce marketplace, along with e-commerce enablement businesses such as Unicommerce and other technology-led platforms. The group additionally operates consumer brands through Stellaro Brands across online and offline channels.