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Snapdeal parent AceVector sets ₹420 crore IPO launch for September 25
Snapdeal parent AceVector will launch its Rs 420 crore IPO on September 25 at Rs 30-Rs 32 per share. Fresh proceeds will fund marketplace marketing, technology infrastructure, acquisitions and corporate purposes across Snapdeal, Unicommerce and Stellaro Brands.
Reported figures
From the report. Source details below
| IPO opens September 25 and closes September 29; anchor portion opens September | 24 |
|---|---|
| Expected listing: | October 5 |
| Post-issue market capitalisation: | about Rs 1,741.4 crore |
| Fresh issue: | up to Rs 287 crore |
| Offer for sale: | Rs 133 crore |
| Minimum bid: | 468 shares |
| Marketing and business promotion allocation: | Rs 132 crore |
| Technology infrastructure allocation: | Rs 50 crore |
| Pre-IPO raise: | Rs 13 crore |
| FY26 net loss: | Rs 60.7 crore versus Rs 139.2 crore previously |
| FY26 revenue from operations: | Rs 510.4 crore, up 29.2% from Rs 395 crore |
The source
Published
Confirmed by CNBC-TV18, The Hindu BusinessLine, Inc42, Outlook Business, YourStory, ET Retail, IndianWeb2
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