SEBI clears IPOs for AceVector (Snapdeal parent), Silver Consumers, Steel Infra Solutions
Markets regulator SEBI has greenlit public offerings for three companies including AceVector, the parent of e-commerce platform Snapdeal. The trio can now tap primary markets, with AceVector's listing closely watched as a barometer for value-commerce appetite in India.
SEBI has approved IPO plans for AceVector (Snapdeal parent), Silver Consumers, and Steel Infra Solutions, clearing the three companies to launch their public offerings on the primary market.
Why this matters
AceVector's IPO clearance marks a key milestone for Snapdeal's parent as it eyes public markets, testing investor appetite for India's value-commerce segment amid a crowded e-commerce listing pipeline.
Retail-company signals steady at 3,924 over the past 90 days, reflecting sustained corporate activity.