India, July 16 -- Ecommerce platform Snapdeal's parent AceVector is reportedly preparing to file its draft red herring prospectus (DRHP) for INR 500 Cr IPO.

Citing sources, Entrackr reported that AceVector's public issue will primarily comprise a fresh issue of shares. "The proposed issue will be majority primary capital and CLSA and IIFL are likely to be the bankers for the proposed IPO," a source was quoted as saying.

Inc42 has reached out to AceVector for a comment on the development. The story will be updated on receiving a response.

Besides Snapdeal, AceVector is the parent of listed ecommerce enablement platform Unicommerce and house of brands platform Stellaro Brands. The three entities were consolidated under a single group bra...