AceVector sets ₹30-₹32 IPO price band
In short
AceVector, the parent of Snapdeal, set its IPO price band at ₹30 to ₹32 a share. The offer is said to be worth ₹420 crore, and the company runs Snapdeal, Unicommerce eSolutions and Stellaro Brands.
This matters because the IPO could draw investor attention to Indian online commerce and software businesses. The reporting does not say the final valuation or when the issue will open.
What the reporting says
Snapdeal parent AceVector set a price band of ₹30-₹32 per share for its IPO, according to the published summary, which also said the offer size is ₹420 crore. The reporting identifies AceVector as a Gurgaon-headquartered digital commerce company behind Snapdeal, Unicommerce eSolutions and Stellaro Brands. It does not state the final valuation, subscription dates, or how the proceeds will be used.
Why it matters
AceVector, the Snapdeal parent, set an IPO price band of ₹30-₹32 per equity share and was described in the summaries as a Gurgaon-based asset-light digital commerce company. The company operates Snapdeal, Unicommerce eSolutions and Stellaro Brands. The available reporting does not provide the final valuation, issue timetable, or detailed use of proceeds, so the immediate market impact is limited to a planned listing step.