JSA Advocates and Solicitors (JSA) acted as Indian legal counsel to the lead managers, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), CLSA India Private Limited and Systematix Corporate Services Limited, on the initial public offering of AceVector Limited. The IPO comprised a fresh issue and an offer for sale of 131,250,000 equity shares of face value of ₹1 each.
AceVector, directly and indirectly through its Subsidiaries, operates an asset-light digital commerce ecosystem consisting of data, technology and AI-driven businesses value e-commerce marketplace, e-commerce enablement software as a service (“SaaS”) and consumer brands. AceVector’s ecosystem includes (i) Snapdeal, a value focused lifestyle e-commerce marketplace platform with a wide selection of affordable, merchandise across lifestyle categories with an emphasis on quality; (ii) Uniware, Convertway and Shipway under the Unicommerce brand, operated by its subsidiary Unicommerce eSolutions Limited, a comprehensive suite of e-commerce enablement SaaS products, which enables end-to-end management of e-commerce operations; and (iii) Stellaro Brands business, an omnichannel value focused consumer brands retailing business, operated by its subsidiary, Stellaro Brands Private Limited. Together, these businesses cover the entire e-commerce value chain across B2C and B2B segments catering to multiple stakeholders vertically viz., through both online and offline modes and horizontally viz., consumers, sellers, brands and logistics providers.
The JSA Capital Market team was led by Madhurima Mukherjee Saha, Partner, with Sagar Batra, Partner, and comprised Bhavini Mohan, Senior Associate; Nidhi Prakriti, Associate; Shivani Agrawal, Associate and Badal Singh, Associate.
Madhurima Mukherjee is a Partner at JSA and Head of the Capital Markets practice, with over 20 years of experience advising on India's most significant domestic and international securities offerings. Recognised as one of India's leading capital markets lawyers, she has advised on landmark IPOs, QIPs, rights issues, REITs, InVITs, block trades and strategic capital-raising transactions for top corporates, financial institutions, investors and government entities.