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Funding and debt● Neutral for Indian equities
Snapdeal parent AceVector raises ₹189 crore from anchors ahead of ₹420-crore IPO
The brief
- AceVector raised ₹189 crore from anchor investors before its IPO opened
- At the upper price band, it aims to raise ₹420 crore and reach a ₹1,741 crore post-issue valuation
- IPO proceeds and valuation matter to investors assessing Indian internet and e-commerce businesses
- Orient Cables leads four IPOs with a reported 33% grey-market premium
- Orient Cables vs Runwal Enterprises Vs AceVector Vs German Green IPO Day 2: Subscription Status, GMP And Price Band
- AceVector IPO: Losses narrow, but Snapdeal parent plans another big marketing spend
- AceVector IPO subscribed 23%
- Up To 41% Listing Day Gains? What IPO GMPs Of Orient Cables, Snapdeal, Runwal & German Steel Indicate
AceVector IPO
Snapdeal parent AceVector raised ₹189 crore from anchor investors ahead of its IPO, which aims to raise ₹420 crore at the top of the price band. Analysts assigned an Avoid rating, citing stiff competition and losses.
Friday, 25 September
Thursday, 24 September
- Snapdeal parent AceVector raises ₹189 crore from anchors ahead of ₹420-crore IPO