IPO-Bound AceVector Nets ₹189 Cr From Anchor Investors

Snapdeal parent AceVector has raised ₹189 Cr from anchor investors ahead of the opening of its initial public offering (IPO) tomorrow (September 25). The company allotted 5.91 Cr shares to anchor investors at ₹32 apiece, the upper end of its IPO price band . Only two domestic mutual funds — Helios Mutual Fund and Taurus Ethical Fund — participated in the anchor round, together picking up 93.75 Lakh shares, or 15.87% of the allocation.