AceVector IPO exit fetches Starfish ₹88.3 crore
In short
SoftBank-backed Starfish received ₹88.3 crore from AceVector’s IPO exit. AceVector’s ₹420 crore IPO was subscribed 4.93 times, and the company is set to list on the BSE and NSE on October 5.
This matters because it shows investor demand for the IPO and a cash exit for Starfish. The reporting does not say whether Starfish sold all or part of its stake.
What the reporting says
SoftBank-backed Starfish got ₹88.3 crore from AceVector’s IPO exit, according to the reported deal summary. The company’s ₹420 crore IPO was subscribed 4.93 times, and AceVector is set to list on the BSE and NSE on October 5. The reporting does not say whether this was a full or partial exit, or how the proceeds will be used.
Why it matters
SoftBank-backed Starfish received ₹88.3 crore from AceVector’s IPO exit, while AceVector’s ₹420 crore offering was subscribed 4.93 times. AceVector is set to list on the BSE and NSE on October 5, according to the publisher summary. The reporting does not state whether Starfish’s exit was full or partial, or give any post-listing valuation details.