SoftBank-backed AceVector's Rs 420-cr IPO to open on Sep 25; sets price band at Rs 30-32/share

Snapdeal parent AceVector sets price band at Rs 30-32, to raise Rs 420 crore via IPO

AceVector IPO | The Snapdeal parent company is raising Rs 287 crore via issuance of fresh shares, while existing shareholders will sell 4.15 crore equity shares worth Rs 133 crore via offer-for-sale.

SoftBank-backed AceVector's Rs 420-cr IPO to open on Sep 25; sets price band at Rs 30-32/share

AceVector Ltd has set its initial public offering price band at Rs 30-32 per share. The company's Rs 420-crore IPO will open for public subscription on September 25. This offering includes a fresh issue and an offer-for-sale by existing shareholders. AceVector operates a digital commerce ecosystem which includes Snapdeal and Unicommerce. The company is scheduled to debut on the stock market on October 5.

AceVector's ₹420-crore IPO to open on September 25; sets price band at ₹30-32/share

The IPO will open for public subscription on September 25 and close on September 29, while bidding by anchor investors will take place on September 24, according to a public announcement.

Snapdeal Parent AceVector Files RHP, Trims OFS To 4.16 Cr Shares

Snapdeal-parent AceVector Ltd has filed its red herring prospectus (RHP) with the SEBI, nearly a year after receiving the markets regulator's observations on its confidential IPO filing.