AceVector, Silver Consumer Electricals and Steel Infra Solutions Get Approval to Launch IPOs

Mumbai, November 18: Three companies have announced that they will be soon launching their IPOs after securing observations from the Securities and Exchange Board of India (SEBI) between November 11 and November 12. The three companies are AceVector, Silver Consumer Electricals and Steel Infra Solutions Company. This adds to the queue of companies that are currently in process of launching their IPOs. So far in 2025, 92 companies have launched their mainboard IPOs.

AceVector Proceeds with Confidential Pre-Filing Route

AceVector is the parent company of e-commerce firm Snapdeal. It has chosen the confidential pre-filing option, allowing it to keep IPO details undisclosed until later stages of the IPO. The company was founded in 2014 by Kunal Bahl and Rohit Bansal, and also operates Unicommerce and consumer brand development arm Stellar Brands.

Silver Consumer Electricals Targets ₹1,400 Crore IPO

Silver Consumer Electricals will look to raise around ₹1,400 crore from its IPO, with a fresh issue of ₹1,000 crore and an offer for sale of ₹400 crore. It will use ₹865 crore from the IPO proceeds to repay and prepay borrowings, ₹35 crore for clearing the debt of its subsidiary BAPL, and the remaining for general corporate purposes. The company manufactures electric consumer durables, such as motors and pumps, and is headquartered in Rajkot.

Steel Infra Solutions Company Plans Fresh Issue and OFS

Steel Infra Solutions Company will come out with an IPO to offer ₹96 crore worth of shares as a fresh issue, and 1.42 crore shares as an offer for sale. The company will use the IPO proceeds to expand manufacturing facilities in Vadodara, Hyderabad and Bhila. It will also use the IPO funds for working capital needs and general corporate purposes. Steel Infra Solutions Company provides services of engineering, design, fabrication, and erection of steel structures for large-scale infrastructure projects.

Adds to IPO Pipeline for November

These three IPOs add to the already busy IPO pipeline for November. However, as these companies are in their initial states of the IPO issue, investors will have to wait for more information. The companies will announce key IPO terms such as issue size, key dates, price band, etc., in due time.

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