IPO appovals from SEBI on Nov. 14. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Securities and Exchange Board of India on Monday approved the confidential pre-filing of AceVector Ltd., Snapdeal's parent company, and offer documents of Silver Consumers Electricals Ltd. and Steel Infra Solutions Co.

The market regulator issued its observations, which means final approval, on the IPO proposals on Nov. 14.

AceVector confidentially filed its initial public offering documents with the SEBI in July.

Beyond Snapdeal, Gurugram-based AceVector operates Unicommerce, a software-as-a-service platform, and Stellar Brands, a consumer brand building firm. Unicommerce went public in 2024, with its IPO significantly oversubscribed by 168.32 times showing huge

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