Snapdeal IPO Subscription Status Day 3: Issue Fully Subscribed 2.13x on Last Day

Snapdeal parent AceVector's ₹420-crore initial public offering (IPO) was subscribed 2.13 times by 1:45 PM on Tuesday, September 29, the final day of bidding. The issue has received bids for more than twice the shares on offer, with all three investor categories crossing the 1x subscription mark.

The non-institutional investor (NII) portion was subscribed 2.9 times, while qualified institutional buyers (QIBs) subscribed 2.8 times their reserved portion. The retail category was subscribed 1.5 times.

The AceVector IPO had received 0.20 times subscription on Day 1 and 0.97 times by the end of Day 2. The issue closes for subscription today, September 29.

Snapdeal IPO Subscription Status Day 3

AceVector's IPO was subscribed 2.13 times by 1:45 PM on the final day. NII demand stood at 2.9 times, followed by QIB subscription at 2.8 times and retail demand at 1.5 times.

Snapdeal IPO Subscription Rate

The NII portion recorded the highest subscription at 2.9 times, while the QIB category stood at 2.8 times. Retail investors subscribed 1.5 times the shares reserved for them.

Snapdeal IPO Bidding Details

The Snapdeal, AceVector IPO comprises a fresh issue and an offer for sale aggregating to 13.12 crore equity shares, with a total issue size of ₹420 crore.

The company has reserved 75% of the net issue for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.

AceVector operates across three digital commerce businesses — Snapdeal, Unicommerce and Stellaro Brands. Snapdeal is its value-focused online marketplace, while Unicommerce provides e-commerce enablement SaaS and Stellaro Brands operates in the consumer brands segment.

Snapdeal delivered 25.98 million units in FY26 and served customers across 18,972 pin codes.

Snapdeal IPO Price Band and Lot Size

Snapdeal has fixed the IPO price band at ₹30–₹32 per share, with a lot size of 468 shares. The minimum investment for a retail investor is ₹14,976 at the upper end of the price band.

The IPO opened on September 25 and closes today, September 29.

Snapdeal IPO Objectives

Snapdeal plans to use proceeds from the fresh issue towards marketing and business promotion expenses for its marketplace business.

The company will also allocate funds towards technology infrastructure for the marketplace business, inorganic growth through acquisitions and general corporate purposes.

Snapdeal IPO Allotment and Listing

The basis of allotment for the Snapdeal IPO is scheduled to be finalised on September 30. Refunds and credit of shares to successful investors' demat accounts are expected on October 1.

The shares are scheduled to list on the NSE and BSE on October 5.

Snapdeal’s ₹420-crore IPO was subscribed 2.13 times by 1:45 PM on the final day of bidding. NII demand stood at 2.9 times, QIB subscription at 2.8 times and retail demand at 1.5 times.

The IPO closes on September 29, with the allotment scheduled for September 30 and the shares set to list on the NSE and BSE on October 5.

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