AceVector IPO, 2 other mainboard offers see strong demand on Day 2. Check GMP, subscription status
A ipo & listings development with market-wide reach.
· Economic Times Markets
Three mainboard IPOs: AceVector, Runwal Enterprises and German Green Steel & Power, entered their second bidding day with strong investor interest. German Green Steel’s issue was subscribed 3.14 times, while AceVector and Runwal Enterprises were each 37% subscribed. Meanwhile, 20 IPOs are scheduled to launch next week, targeting combined proceeds of Rs 1,292 crore.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- Sector exposure: Power.
- The immediate tone of coverage reads positive.
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