Snapdeal parent AceVector raises Rs 189 crore from anchors; Negen, Singularity among top investors
Indian markets moved higher in an ipo & listings development with September 25 in focus.
· Economic Times Markets
In a significant move, AceVector, the owner of Snapdeal, has successfully garnered Rs 189 crore from anchor investors for its upcoming IPO, scheduled to open on September 25 with a set price range of Rs 30-32 per share. Major allocations were made to funds like Negen Undiscovered Value Fund and Singularity Growth Opportunities Fund II.
Key facts
- Dates in focus
- September 25
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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