Acevector (Snapdeal) IPO
Acevector (Snapdeal) IPO is a Mainboard book-built issue of ₹420 crore, comprising a Fresh Issue of ₹287 crore and an Offer for Sale of 4,15,62,500 equity shares. The price band is ₹30 to ₹32 per share, with a lot size of 468 shares. The IPO will open on
Acevector (Snapdeal) IPO Details
Acevector (Snapdeal) IPO bidding will start on September 25, 2026 and end on September 29, 2026. The basis of allotment is expected to be finalized on September 30, 2026, refunds are scheduled to begin on October 1, and shares are expected to be credited to successful applicants' Demat accounts on October 1, 2026. The shares are expected to list on BSE and NSE on October 5, 2026.
Acevector (Snapdeal) IPO Timeline (Tentative)
Acevector IPO is scheduled to open for subscription on September 25, 2026 and close on September 29, 2026. The basis of allotment is expected to be finalized on September 30, refunds are scheduled to begin on October 1, and shares are expected to be credited to successful applicants' Demat accounts on October 1. The shares are expected to list on BSE and NSE on October 5, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Fri, Sep 25, 2026 |
| IPO Close Date | Tue, Sep 29, 2026 |
| Basis of Allotment | Wed, Sep 30, 2026 |
| Initiation of Refunds | Thu, Oct 1, 2026 |
| Credit of Shares to Demat | Thu, Oct 1, 2026 |
| Listing Date | Mon, Oct 5, 2026 |
| Anchor Investor Bidding | September 24, 2026 |
| IPO Opens | September 25, 2026 |
| IPO Closes | September 29, 2026 |
| Basis of Allotment | September 30, 2026 |
| Refund Initiation | October 1, 2026 |
| Credit of Shares to Demat | October 1, 2026 |
| Listing Date | October 5, 2026 |
Acevector (Snapdeal) IPO Lot Size
The Acevector IPO lot size is 468 shares. At the upper price band of ₹32 per share, one lot requires a minimum investment of ₹14,976. Retail investors can apply for up to 13 lots, or 6,084 shares, amounting to ₹1,94,688 at the upper price band.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 468 | 14,976 |
| Retail (Max) | 13 | 6,084 | 1,94,688 |
| S-HNI (Min) | 14 | 6,552 | 2,09,664 |
| S-HNI (Max) | 66 | 30,888 | 9,88,416 |
| B-HNI (Min) | 67 | 31,356 | 10,03,392 |
Acevector (Snapdeal) IPO Reservation
Acevector IPO has reserved 75% of the Net Offer for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Individual Investors (RIIs).
Acevector (Snapdeal) IPO Subscription
Acevector IPO subscription will begin on September 25, 2026. Subscription figures will be updated after the bidding process starts.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Acevector (Snapdeal)
AceVector Limited is the parent company of Snapdeal and operates an asset-light digital commerce ecosystem covering value-focused e-commerce, e-commerce enablement software and consumer brands. Its principal businesses include Snapdeal, Unicommerce eSolutions and Stellaro Brands, providing exposure to different parts of the digital-commerce value chain across B2C and B2B segments.
Snapdeal operates as a value-focused online marketplace offering products across categories such as fashion, home and general merchandise, beauty and personal care. Unicommerce provides e-commerce enablement SaaS solutions through platforms including Uniware, Shipway and Convertway, covering functions such as order management, inventory, warehousing, logistics and returns. Stellaro Brands operates consumer brands across online and offline channels.
AceVector follows an asset-light business model and has focused on technology, marketplace operations and commerce-enablement capabilities. During FY2026, revenue from operations increased to ₹510.4 crore from ₹395 crore in FY2025, representing growth of 29.2%. However, the company continued to report a loss, with the latest reported net loss at ₹60.7 crore for FY2026.
The company proposes to use the Fresh Issue proceeds for marketing and business promotion expenses of its Marketplace business, technology infrastructure and inorganic growth through acquisitions, along with general corporate purposes. The revised issue consists of a ₹287 crore Fresh Issue and an OFS of 4.15 crore shares.
Strengths
- Diversified digital-commerce ecosystem covering marketplace, SaaS-based commerce enablement and consumer brands.
- Snapdeal has an established presence in value-focused e-commerce, while Unicommerce provides technology infrastructure for online commerce businesses.
- Revenue from operations increased 29.2% to ₹510.4 crore in FY2026 from ₹395 crore in FY2025.
- Asset-light business model with technology-led operations across multiple parts of the digital-commerce value chain.
- Fresh IPO proceeds are intended to support marketplace marketing, technology infrastructure and potential acquisitions.
Risks to Consider
- AceVector remains loss-making, reporting a net loss of ₹60.7 crore in FY2026.
- Negative earnings make conventional P/E-based valuation analysis unavailable.
- The company operates in a highly competitive e-commerce market with larger and well-funded competitors.
- A significant portion of the IPO is an Offer for Sale, and the OFS proceeds will go to the selling shareholders rather than the company.
- The business depends on continued growth in digital commerce, customer acquisition, technology investment and effective use of marketing expenditure.
Acevector (Snapdeal) Financials (₹ Cr)
AceVector reported growth in revenue from operations during the latest financial years. Revenue from operations increased from ₹371.96 crore in FY2023 to ₹379.76 crore in FY2024, ₹395.02 crore in FY2025 and ₹510.4 crore in FY2026. The company remained loss-making, although the reported loss narrowed substantially in FY2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2023 | 371.96 | -267.53 | 378.37 | 22.83 |
| FY2024 | 379.76 | -51.30 | 410.50 | -129.16 |
| FY2025 | 395.02 | -125.94 | 553.97 | 138.56 |
| FY2026 | 510.40 | -60.70 |
KPIs & Valuation
AceVector reported negative earnings for FY2026. Its basic EPS was negative ₹1.32 and conventional P/E is not applicable because the company reported a loss.
Objects of the Issue
The Acevector IPO comprises a Fresh Issue of ₹287 crore and an Offer for Sale of 4,15,62,500 equity shares. The company proposes to use the Net Proceeds from the Fresh Issue primarily for marketing and business promotion expenses of its Marketplace business and technology infrastructure costs. The remaining proceeds will be used for inorganic growth through acquisitions and general corporate purposes.
- The company proposes to utilise the IPO proceeds for:
- Funding a portion of the marketing and business promotion expenses of the Marketplace business.
- Funding technology infrastructure costs of the Marketplace business.
- Funding inorganic growth through acquisitions and general corporate purposes.
- The company proposes to spend ₹132 crore on marketing and business promotion expenses and ₹50 crore on technology infrastructure costs, with the balance intended for inorganic growth through acquisitions and general corporate purposes.
Promoters, Lead Managers & Registrar
AceVector Limited is promoted by Kunal Bahl, Rohit Kumar Bansal and Starfish I Pte. Ltd. Starfish is the largest shareholder, followed by Kunal Bahl and Rohit Kumar Bansal. The Book Running Lead Managers to the issue are IIFL Capital Services Limited, CLSA India Private Limited and Systematix Corporate Services Limited. MUFG Intime India Private Limited is the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | MUFG Intime India Private Limited |
|---|---|
| Phone | +91 810 811 4949 |
| ipo.helpdesk@linkintime.co.in | |
| Website | https://www.mpms.mufg.com |
Acevector (Snapdeal) IPO Review
AceVector operates a diversified digital-commerce ecosystem through Snapdeal, Unicommerce and Stellaro Brands. The combination gives the company exposure to online marketplace operations, e-commerce enablement SaaS and consumer brands rather than relying on a single business vertical. Snapdeal serves the value-focused e-commerce segment, while Unicommerce provides technology solutions supporting online sellers and businesses.
The company's financial performance shows significant revenue growth, although profitability remains a challenge. Revenue from operations increased from ₹395 crore in FY2025 to ₹510.4 crore in FY2026, while the reported net loss narrowed from ₹139.2 crore to ₹60.7 crore. This indicates improvement in the reported loss position, but AceVector continues to operate without positive net profit.
The Fresh Issue proceeds are primarily directed towards strengthening the Marketplace business through marketing and technology expenditure. ₹132 crore is proposed for marketing and business promotion and ₹50 crore for technology infrastructure, while the remaining funds are intended for acquisitions and general corporate purposes. The IPO also contains an OFS component of 4.15 crore shares, meaning a substantial portion of the issue represents sales by existing shareholders.
At the IPO price band of ₹30–₹32, the company is targeting a post-issue market capitalisation of around ₹1,741.4 crore at the upper price band. Since the company remains loss-making, investors need to consider revenue growth, operating losses, cash requirements, the competitive digital-commerce environment and the intended deployment of Fresh Issue proceeds alongside the IPO price.
How to Apply
Acevector IPO applications can be made through ASBA or UPI-supported IPO application platforms. The IPO opens on September 25, 2026 and closes on September 29, 2026. The minimum application is one lot of 468 shares, requiring ₹14,976 at the upper price band of ₹32.
Through UPI
- Log in to your stockbroker app/website.
- Go to the IPO section.
- Select Acevector IPO.
- Enter the number of lots you want to apply for.
- Select the bid price. Retail investors can generally choose Cut-off when available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's RHP, DRHP and other offer documents for detailed information about the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds.
Last updated Sep 22, 2026.