Ecommerce marketplace Snapdeal’s parent company AceVector has set a price band of Rs 30-32 per share for its upcoming initial public offering (IPO), valuing the company at Rs 1,741 crore (around $182 million) at the upper end of the range.
AceVector is raising Rs 287 crore in fresh capital through the IPO, while investors, including SoftBank, Nexus Venture Partners and Foxconn, are selling shares worth Rs 133 crore through the offer-for-sale component.