Archive · 17 Nov 2025
Snapdeal Parent AceVector Gets SEBI Nod for IPO
The company that owns Snapdeal, AceVector Group, has been given permission by a big Indian financial authority, SEBI, to start its first public stock offering (IPO).
This means people can buy shares in the company for the first time.
AceVector filed its plans for the IPO in July and now that SEBI has given its approval, the IPO can go ahead.
The company hasn't said how much money it wants to raise or when the IPO will happen yet.
AceVector Group received SEBI approval for its IPO
SEBI issued final observations, signaling a green light for the public issue
AceVector filed its DRHP via the confidential route in July
The IPO is expected to help AceVector raise funds for business expansion
No specific details on the IPO size or timeline have been revealed yet
- Who
- AceVector Group
- What
- Received SEBI approval for IPO
- When
- Week ended November 11
- Where
- India
- Why
- To raise funds for business expansion
- Company
- AceVector Group
- Approval Body
- Securities and Exchange Board of India (SEBI)
- IPO Status
- Approved
- IPO Filing Date
- July (via confidential route)
- Expected Use of Funds
- Business expansion