Snapdeal parent AceVector slashes IPO size, opens September 25
Snapdeal’s parent AceVector has trimmed its IPO, cutting the fresh shares issued to ₹287 crore after a ₹13 crore pre-IPO placement. The offer for sale drops to 4.16 crore shares—a third less than before—as big investors like SoftBank and Nexus Ventures prep to sell. The price per share is set at ₹30-₹32, putting the IPO at ₹420 crore total. The subscription window opens September 25.
- Price per share set at ₹30-₹32
- SoftBank selling up to 2.76 crore shares
- IPO values AceVector at up to ₹1,741 crore
- Subscription runs September 25-29
Sources covering this
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