Indian Startup IPO Sprint, Zetwerk-Ayr Settle Dispute & More
India, Sept. 23 -- Indian Startup IPOs In Full Swing
Indian startup IPO spring is in full bloom. Snapdeal parent AceVector is all set to list on the bourses next month, Spinny has filed its draft IPO papers, and Furlenco is pushing the needle on its D-Street debut.
Snapdeal's IPO Deck: In its second attempt at a listing, the Snapdeal parent's Rs.420 Cr issue blends a Rs.287 Cr fresh raise and a trimmed OFS of 4.16 Cr shares. It has also set the IPO price band at Rs.30-Rs.32, valuing the company at Rs.1,741 Cr at the upper end of the spectrum. The IPO will open next week.
What works in AceVector's favour is its healthy top line, improving unit economics, non-metro focus, value ecommerce play and a stake in Unicommerce.
Spinny Files DRH...
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