Snapdeal parent AceVector seeks up to $182 million valuation in trimmed India IPO
AceVector, parent of Indian e-commerce company Snapdeal, is seeking a valuation of up to 17.41 billion rupees ($181.71 million) in a trimmed initial public offering that will open for public subscription on September 25. The company has set a price band of 30 to 32 rupees for its 4.2 billion rupee ($43.84 million) IPO.
71 million) in a trimmed initial public offering that will open for public subscription on September 25. 84 million) IPO, according to an exchange filing. 56 million shares from existing investors. 87 million shares, according to updated draft red herring prospectus.
It was not immediately clear why the offer size was reduced. AceVector plans to use IPO proceeds for marketing and business promotion, technology infrastructure costs and inorganic growth opportunities. 61 million shares in the IPO, while Nexus Venture Partners is also among shareholders selling stakes. The IPO will close on September 29, while the stock is expected to begin trading from October 5.
Anchor investors can bid on September 24. 1 billion rupees. The IPO comes at a busy time in India as primary market activity picked up pace in the second half of 2026 after a muted first half due to geopolitical tensions. com;)