India, Sept. 24 -- Snapdeal parent AceVector has raised Rs.189 Cr from anchor investors ahead of the opening of its initial public offering (IPO) tomorrow (September 25).

The company allotted 5.91 Cr shares to anchor investors at Rs.32 apiece, the upper end of its IPO price band.

Only two domestic mutual funds - Helios Mutual Fund and Taurus Ethical Fund - participated in the anchor round, together picking up 93.75 Lakh shares, or 15.87% of the allocation. Helios acquired 62.48 Lakh shares through two schemes, while Taurus bought 31.25 Lakh shares worth Rs.10 Cr.

Negen Undiscovered Value Fund, a Category III AIF operated by Negen Investment Trust, was the largest anchor investor, picking up 1.25 Cr shares, or 21.16% of the round, for R...