Snapdeal parent AceVector to launch IPO on September 25, cuts offer size

AceVector, the parent of Snapdeal backed by Kunal Bahl, Rohit Kumar Bansal and SoftBank, has filed its IPO papers, with the issue set to open on September 25 and close on September 29. The company will raise ₹287 crore through a fresh issue and sell up to 4.15 crore shares via OFS. Both sizes were cut from earlier plans.