AceVector, the parent of Snapdeal, raised ₹189 crore from 14 anchor investors by allocating 5.91 crore shares at ₹32 apiece before its IPO. The ₹420 crore offering includes a ₹287 crore fresh issue and an offer for sale of 4.16 crore shares. AceVector says the new capital will support Snapdeal marketing, technology infrastructure and possible acquisitions; the anchor allocation is an institutional commitment, not a guarantee of the stock’s performance after listing.