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AceVector Sets September 25 IPO, Price Band at ₹30–₹32
AceVector, the company that owns Snapdeal and other businesses, is planning to sell shares to the public.
Its IPO will open on September 25 and close on September 29.
Each share will cost between ₹30 and ₹32.
A retail investor must buy at least 468 shares.
Some new shares will raise money for AceVector, while existing investors will sell some of their shares.
The company plans to spend much of the new money on advertising and technology.
It also wants to keep some money for buying other businesses and general needs.
AceVector’s sales grew in the latest financial year.
However, it still made a loss, although some measures of its operating loss improved.
SoftBank-backed AceVector will open its ₹420-crore IPO for subscription on September 25, with bidding closing on September 29.
The issue includes a ₹287-crore fresh share sale and an offer for sale of about 4.16 crore shares valued at ₹133 crore.
The price band is ₹30–₹32 per share; the minimum retail lot is 468 shares, requiring ₹14,976 at the upper band.
AceVector plans to use ₹132 crore for marketing, ₹50 crore for technology infrastructure, and the remaining proceeds for acquisitions and general purposes.
Revenue rose about 29% to ₹510.38 crore in FY26, while the company remained loss-making, reporting a net loss of ₹60.7 crore.
- Who
- AceVector Limited, the parent company of Snapdeal, Unicommerce and Stellaro Brands; existing shareholders will also participate in the offer for sale.
- What
- AceVector is launching an initial public offering comprising a ₹287-crore fresh issue and an offer for sale valued at about ₹133 crore.
- Where
- AceVector is headquartered in Gurgaon, India, and its shares are scheduled to debut on the stock exchanges.
- When
- The IPO opens September 25, closes September 29, and is scheduled to list on October 5; anchor bidding opens September 24.
- Why
- The company plans to fund marketplace marketing, technology infrastructure, potential acquisitions and general corporate purposes.
Investment Case
Investment Risks
Business growth
Investment Case
Operating revenue increased about 29% to ₹510.38 crore in FY26 from ₹395.02 crore, while the adjusted EBITDA loss narrowed to ₹15.94 crore from ₹39.16 crore.
Investment Risks
AceVector remained loss-making, reporting a net loss of ₹60.7 crore in FY26, despite the improvement from ₹139.2 crore in the previous financial year.
Use of IPO proceeds
Investment Case
The fresh issue will provide ₹132 crore for marketplace marketing, ₹50 crore for technology infrastructure, and funds for acquisitions and corporate purposes.
Investment Risks
A portion of the offering is an offer for sale, meaning existing shareholders will sell shares rather than all IPO proceeds going directly to AceVector.
Shareholder participation
Investment Case
The IPO gives public investors access to a SoftBank-backed digital commerce ecosystem spanning Snapdeal, Unicommerce and Stellaro Brands.
Investment Risks
Reports differ on the named OFS sellers: one identifies SoftBank subsidiary Starfish and Nexus Venture Partners, while another also identifies Foxconn; the founders are reported not to be selling shares.
Key facts
- Price band
- ₹30–₹32 per equity share
- Total issue size
- Approximately ₹420 crore at the upper price band
- Fresh issue
- Up to ₹287 crore
- Offer for sale
- About 4.16 crore shares valued at approximately ₹133 crore
- Retail lot
- 468 shares; ₹14,976 at the upper price band
- Issue allocation
- 75% qualified institutional buyers, 15% non-institutional investors and 10% retail investors
- Market debut
- Scheduled for October 5
Sources
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