AceVector sets ₹420-crore IPO for Sept. 25 at ₹30-32 a share
In short
AceVector plans to open its ₹420-crore IPO on September 25 and close it on September 29. Anchor investors can bid on September 24, and the price band is ₹30 to ₹32 a share.
The company runs Snapdeal, Unicommerce eSolutions and Stellaro Brands. The reporting does not say how investors will respond or when the shares will list.
What the reporting says
AceVector set its ₹420-crore IPO to open for public subscription on September 25 and close on September 29, with anchor bidding on September 24, according to the public announcement cited in the reporting. The company set a price band of ₹30-32 per share and was described as a Gurgaon-based asset-light digital commerce ecosystem spanning Snapdeal, Unicommerce eSolutions and Stellaro Brands. The immediate consequence is a planned fundraise; the reporting does not state final subscription or listing details.
Why it matters
AceVector announced a ₹420-crore IPO schedule, with public subscription opening on September 25, closing on September 29, and anchor bidding set for September 24. The price band is ₹30-32 per share. The company is described as an asset-light digital commerce group tied to Snapdeal, Unicommerce eSolutions and Stellaro Brands. The reporting does not include use of proceeds, valuation or listing date.