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AceVector Raises Rs 189 Crore from Anchor Investors Ahead of Rs 420-Crore IPO Opening
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Moneycontrol•24-09-2026, 21:04
AceVector Raises Rs 189 Crore from Anchor Investors Ahead of Rs 420-Crore IPO Opening
- •AceVector, parent company of Snapdeal, Unicommerce, and Stellaro Brands, secured Rs 189 crore from 14 anchor investors by issuing 5.9 crore equity shares.
- •The Rs 420-crore IPO, promoted by Kunal Bahl, Rohit Kumar Bansal, and SoftBank, opens for public subscription on September 25 with a price band of Rs 30-32 per share and closes on September 29.
- •The IPO comprises a fresh issue of equity shares worth Rs 287 crore and an offer-for-sale of 4.15 crore equity shares by existing shareholders, including promoter Starfish.
- •Negen Undiscovered Value Fund was the largest anchor investor, acquiring 1.24 crore equity shares for Rs 40 crore at Rs 32 per share.
- •AceVector plans to utilize Rs 132 crore from the fresh issue for marketing and business promotion, Rs 50 crore for technology infrastructure, and the remaining for inorganic growth and general corporate purposes.
Key Questions Answered
AceVector raised Rs 189 crore by issuing 5.9 crore equity shares to 14 anchor investors ahead of its initial public offering.
The initial public offering has a price band of Rs 30-32 per share, opening for public subscription on September 25 and closing on September 29.
AceVector will use Rs 132 crore for marketing and business promotion expenses and Rs 50 crore for technology infrastructure costs for its marketplace business, with the remaining funds allocated for inorganic growth through acquisitions and general corporate purposes.
