Archive · 7 Dec 2025
AceVector and Shipwaves Online Plan IPOs
Two companies, AceVector Group and Shipwaves Online Ltd, are planning to go public through IPOs.
AceVector wants to raise INR 300 Cr to improve Snapdeal, buy other companies, and market better.
They also have other businesses like Unicommerce and Stellaro Brands.
Shipwaves Online, which helps with shipping, wants to raise INR 56.3 Cr to improve their work and pay off debts.
Both companies have shown good financial growth recently.
AceVector's revenue grew by 25%, and their losses decreased by 80%.
Shipwaves Online made a profit of INR 12.2 Cr in the last financial year.
AceVector Group filed its updated draft red herring prospectus (UDRHP) with SEBI for an IPO, aiming to raise INR 300 Cr.
The IPO includes a fresh issue of INR 300 Cr and an offer for sale (OFS) of 6.39 Cr shares by existing investors.
Proceeds will fund Snapdeal's marketing, tech stack improvements, acquisitions, and general corporate purposes.
Shipwaves Online Ltd announced its IPO of INR 56.3 Cr, opening for subscription on December 10, 2025.
Shipwaves Online's IPO proceeds will be used for working capital, debt repayment, and general corporate purposes.
- Who
- AceVector Group and Shipwaves Online Ltd
- What
- Filing of updated draft red herring prospectus (UDRHP) for IPOs
- When
- AceVector filed recently, Shipwaves IPO opens December 10, 2025
- Where
- India, with SEBI approval
- Why
- To raise funds for various corporate purposes, including marketing, tech stack improvements, acquisitions, working capital, and debt repayment
- Company 1
- AceVector Group
- IPO Size 1
- INR 300 Cr
- OFS Shares 1
- 6.39 Cr
- Marketing Funds 1
- INR 125 Cr
- Revenue (H1 FY26) 1
- INR 244.4 Cr
- Loss (H1 FY26) 1
- INR 22.4 Cr
- Key Investors 1
- Starfish I Pte. Ltd., Nexus Venture Partners
- Businesses 1
- Snapdeal, Unicommerce, Stellaro Brands
- Company 2
- Shipwaves Online Ltd
- IPO Size 2
- INR 56.3 Cr
- IPO Shares 2
- 4.69 Cr
- Share Price 2
- INR 12 per share
- Revenue (FY25) 2
- INR 108.28 Cr
- Profit (FY25) 2
- INR 12.2 Cr
- Listing Platform 2
- BSE SME
Sources
AceVector Files Updated DRHP, Eyes INR 300 Cr Via Fresh Issue
Shipwaves Online To Launch ₹56.3Crore IPO On December 10, Fresh Issue Aims To Boost Working Capital And Repay Debts
SoftBank-backed AceVector files updated IPO papers; targets to raise ₹300 cr via fresh issue
