AceVector sets Rs 420-crore IPO, price band at Rs 30-32
In short
AceVector has set the price band for its Rs 420-crore IPO at Rs 30-32 a share. Public subscription opens on September 25, and anchor bidding is on September 24. The IPO includes a fresh issue and an offer-for-sale.
The company runs Snapdeal and Unicommerce. It is set to list on October 5, but the reporting does not say how strong demand may be.
What the reporting says
AceVector set its Rs 420-crore initial public offering price band at Rs 30-32 per share, with subscription opening on September 25 and anchor bidding due on September 24. The offer includes both a fresh issue and an offer-for-sale by existing shareholders. The company, which runs Snapdeal and Unicommerce, is scheduled to debut on the stock market on October 5. The reporting does not state how the issue will be split or demand expectations.
Why it matters
AceVector’s IPO terms set the fundraising process in motion for investors and shareholders tied to Snapdeal and Unicommerce. The public issue opens on September 25 after anchor bidding on September 24, with the stock market debut planned for October 5. The available reporting does not say how much will come from the fresh issue versus the offer-for-sale, or whether the issue is fully subscribed.