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AceVector IPO closes 4.93X subscribed; SoftBank's Starfish I pockets ₹88 Cr via OFS as Snapdeal gets bulk of fresh issue

AceVector's ₹420 Cr IPO closed on 29 September with 4.93X subscription. SoftBank-backed Starfish I sold 2.76 Cr shares for about ₹88.3 Cr in the offer-for-sale. The ₹287 Cr fresh issue is largely earmarked for Snapdeal, including ₹132 Cr for marketing.

AceVector's IPO closed 4.93X subscribed at a ₹420 crore issue size
Final IPO subscription
4.93X
IPO size
₹420 crore
Fresh issue size
₹287 crore
Starfish I OFS proceeds
₹88.3 crore

Reported figures

From the report. Source details below

Issue price per share: ₹32
FY26 operating revenue: ₹510.3 Cr
FY26 restated net loss: ₹45.5 Cr

The source

Source Read the source at Inc42

Published

Confirmed by The Hindu BusinessLine

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