Saturday, 19 July, 2025
AceVector, Snapdeal’s Parent, Confidentially Files ₹500 Cr IPO with SEBI
AceVector, the Gurgaon-based parent of Snapdeal, along with SaaS firm Unicommerce and consumer brand Stellar Brands, has confidentially filed a draft red herring prospectus with SEBI for a ₹500 crore IPO. The filing follows Unicommerce’s successful 2024 listing, which was oversubscribed 168×. Utilizing India’s popular pre-filing route via CLSA and IIFL gives AceVector flexibility, extending its IPO timeline by up to six months.
Read full story at Economic Times