AceVector Ltd - IPO

AceVector Ltd IPO Details

Initial public offering of up to 131,250,000 equity shares of face value of Re. 1 each (Equity Shares) of Acevector Limited (the company or the company) for cash at a price of Rs. 30-32 per equity share (including a premium of Rs. 29-31 per equity share) (Offer Price) aggregating up to Rs. 420 Crores (the Offer) comprising a fresh issue of up to 89,687,500 equity shares of face value of Re. 1 each aggregating up to Rs. 287.00 Crores (the Fresh Issue) and an offer for sale of up to 41,562,500 equity shares of face value of Re. 1 each aggregating up to Rs. 133 Crores (the Offer for Sale), by the selling shareholder and such equity shares, the Offered Shares).Price Band: Rs. 30 to Rs. 32 per equity share of face value of Rs. 1 each.The floor price is 30 times of the face value of the equity shares and the cap price is 32 times of the face value of the equity shares.Bids can made for a minimum of 468 equity shares of face value of Rs. 1 each and in multiples of 468 equity shares of face value of Rs. 1 each thereafter.

Objective of issue

Funding a portion of the marketing and business promotion expense of the Marketplace business of the Company. Funding the technology infrastructure costs of the Marketplace business of its Company. General corporate purposes.

AceVector Ltd Contact Details

AceVector Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060