Hyderabad: AceVector Limited's Rs. 420-crore initial public offering (IPO) opened for subscription on Friday, even as the company raised Rs. 189 crore from anchor investors ahead of the issue.
The issue has a price band of Rs. 30 to Rs. 32 and will remain open until September 29. The IPO comprises a fresh issue of 8.97 crore equity shares aggregating up to Rs. 287 crore and an offer for sale of up to 4.16 crore shares by selling shareholders, aggregating up to Rs. 133 crore.
The minimum application size is 468 shares, with applications thereafter in multiples of 468. At the upper end of the price band, the minimum application amount is Rs. 14,976.