AceVector raises Rs 189 Cr from anchor investors ahead of IPO

"AceVector, the parent company of Snapdeal, Unicommerce and Stellaro Brands, has raised Rs 189 crore from anchor investors ahead of its initial public offering (IPO). The company allotted 5.91 crore shares to 14 anchor investors at Rs 32 per share, the upper end of its IPO price band. The anchor round was completed on September 24, a day before the public issue opens for subscription. Negen Undiscovered Value Fund emerged as the largest investor in the anchor book, receiving shares…