AceVector IPO: SoftBank To Pocket ₹88 Cr; Individual Investors Book Up To 5.4X Return

by · Inc42

SUMMARY

  • AceVector’s IPO will give its selling shareholders a chance to monetise their holdings, with SoftBank-backed Starfish I Pte Ltd set to receive ₹88.3 Cr from the OFS at ₹32 per share.
  • The IPO offered markedly different outcomes for AceVector’s investors, with some individual shareholders booking multi-bagger returns while several institutional investors selling at less than 1X returns.
  • Kenneth Stuart Glass is set to book the highest disclosed return at 5.42X, selling 13.2 Lakh shares for ₹4.2 Cr, while Laurent Bernard Amouyal will book a 4.38X return on his ₹72 Lakh share sale.