AceVector IPO: SoftBank Pockets ₹88 Cr, Most Selling Shareholders Book Losses

Snapdeal parent AceVector’s initial public offering (IPO) provided an exit opportunity to several of its early investors and promoters, with SoftBank-backed Starfish I Pte Ltd emerging the biggest beneficiary of the offer-for-sale (OFS) component. At the issue price of ₹32 per share, Starfish I, a SoftBank entity and the company’s largest shareholder, raked in about ₹88.3 Cr by selling 2.76 Cr shares, representing about two-thirds of the total OFS proceeds. The transaction represents an 0.08X re