AceVector Files Updated DRHP, Eyes INR 300 Cr Via Fresh Issue

As per the UDRHP, the company’s public issue will comprise a fresh issue of equity shares worth up to INR 300 Cr and an OFS component of up to 6.39 Cr shares

AceVector plans to utilise the fresh IPO proceeds to fund a portion of Snapdeal’s marketing expenses, bolster its tech stack and fuel inorganic growth through acquisitions

AceVector filed its DRHP with SEBI via the confidential pre-filing route in July, and received the market regulator’s nod to float its IPO last month

Snapdeal parent AceVector Group has…