Snapdeal Parent AceVector Sets ₹30-₹32 Price Band For ₹420 Cr IPO

by · Inc42

SUMMARY

  • Snapdeal parent AceVector has set a price band of ₹30-₹32 per share for its ₹420 Cr IPO, valuing the company at ₹1,741 Cr (about $182 Mn).
  • The public issue marks AceVector’s second attempt to list after it shelved its ₹1,250 Cr IPO plan in 2022 amid market volatility.
  • The IPO comprises a fresh issue of up to ₹287 Cr and an offer for sale of up to 4.16 Cr by investors like SoftBank, Nexus Ventures, among others.