{
  "id": 8938877,
  "title": "Snapdeal Parent AceVector Files RHP, Trims OFS To 4.16 Cr Shares",
  "url": "https://urgent.news/2026/09/21/snapdeal-parent-acevector-files-rhp-trims-ofs-to-4-16-cr-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T13:58:08.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/snapdeal-parent-acevector-files-rhp-trims-ofs-to-4-16-cr-shares/"
  },
  "original_language": "en",
  "account": "AceVector Ltd, the parent company of Snapdeal, has filed its red herring prospectus (RHP) with India's securities regulator, the Securities and Exchange Board of India (SEBI). The company had received SEBI's feedback on its initial IPO filing approximately a year ago. AceVector has reduced the size of its fresh share issue from ₹300 Cr to ₹287 Cr, a decrease of ₹13 Cr. This reduction was due to AceVector raising a pre-IPO placement round totaling ₹13 Cr. The offer-for-sale (OFS) component of the IPO has also been scaled down by 34.9%, with 4.16 Cr shares being offered instead of the originally planned 6.39 Cr shares. SoftBank, through its selling entity Starfish I Pte Ltd, has reduced its OFS by 34.8% to 2.76 Cr shares. The three Nexus-affiliated selling entities will collectively sell 86.96 lakh shares, a reduction from the 1.33 Cr shares proposed in the original draft. Notably, individual investor Priyanka Shreevar Kheruka, who was set to sell 19.37 lakh shares, will not participate in the OFS. Other selling shareholders include Jason Ashok Kothari, Rupen Investment and Industries, and Centaurus Trading and Investments. AceVector's IPO is scheduled to open for public subscription on Friday, September 25, following anchor bidding on September 24, and will conclude on Tuesday, September 29.",
  "summary": "Snapdeal-parent AceVector Ltd has filed its red herring prospectus (RHP) with the Securities and Exchange Board of India (SEBI), nearly…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}