AceVector to file DRHP for Rs 500 Cr IPO

E-commerce ecosystem firm AceVector Limited is in advanced stages of filing draft red herring prospectus (DRHP) to raise a Rs 500 crore through an initial public offering, sources aware of the matter told Entrackr.

Gurugram-based AceVector comprises e-commerce marketplace Snapdeal, e-commerce enablement SaaS platform Unicommerce and consumer-brands platform Stellaro Brands. 

“The proposed issue will be majority primary capital and CLSA and IIFL are likely to be the bankers for…