Acevector (Snapdeal) IPO is a mainboard book-built issue of ₹420 crore. The IPO comprises a fresh issue of 8,96,87,500 equity shares aggregating to ₹287 crore and an offer for sale of 4,15,62,500 equity shares aggregating to ₹133 crore. The IPO is scheduled to open for subscription on September 25, 2026, and close on September 29, 2026. The basis of allotment is expected on September 30, 2026, with listing scheduled for October 5, 2026 on BSE and NSE.
Acevector IPO has a price band of ₹30 to ₹32 per share and a lot size of 468 shares. At the upper price band, the minimum retail investment is ₹14,976. AceVector operates an asset-light digital commerce ecosystem comprising Snapdeal, Unicommerce and Stellaro Brands, covering value-focused e-commerce, e-commerce enablement SaaS and consumer brands.
The company proposes to use ₹132 crore of the fresh issue proceeds for marketing and business promotion expenses of its marketplace business and ₹50 crore for technology infrastructure costs. The remaining proceeds are proposed to support inorganic growth through acquisitions and general corporate purposes.
Table of Contents
Acevector (Snapdeal) IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | Acevector (Snapdeal) IPO |
| Company Name | AceVector Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹1 per share |
| Price Band | ₹30 to ₹32 per share |
| Issue Size | ₹420 Crore |
| Fresh Issue | 8,96,87,500 Shares |
| Offer for Sale | 4,15,62,500 Shares |
| IPO Open Date | September 25, 2026 |
| IPO Close Date | September 29, 2026 |
| Anchor Investor Bidding | September 24, 2026 |
| Basis of Allotment | September 30, 2026 |
| Refund Initiation | October 1, 2026 |
| Shares Credited to Demat Account | October 1, 2026 |
| Listing Date | October 5, 2026 |
| Listing Exchange | BSE and NSE |
| Lot Size | 468 Shares |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Managers | IIFL Capital Services Limited, CLSA India Private Limited and Systematix Corporate Services Limited |
Acevector IPO is a combination of a fresh issue and an offer for sale. The company will receive the proceeds from the fresh issue, while the proceeds from the OFS will go to the respective selling shareholders. The total issue comprises 13,12,50,000 equity shares.
Acevector (Snapdeal) IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | September 24, 2026 |
| IPO Opening Date | September 25, 2026 |
| IPO Closing Date | September 29, 2026 |
| Basis of Allotment | September 30, 2026 |
| Refund Initiation | October 1, 2026 |
| Shares Credited to Demat Account | October 1, 2026 |
| Listing Date | October 5, 2026 |
The anchor investor bidding is scheduled for September 24, followed by public subscription from September 25 to September 29, 2026. The basis of allotment is expected on September 30, refunds and demat credit are scheduled for October 1, and the shares are scheduled to list on October 5, 2026.
Acevector (Snapdeal) IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 75% |
| NII | Not more than 15% |
| RII | Not more than 10% |
The Acevector IPO allocation provides up to 75% of the net issue for qualified institutional buyers, up to 15% for non-institutional investors and up to 10% for retail individual investors. The final allocation will be subject to the applicable provisions of the offer documents.
Acevector (Snapdeal) IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 468 | ₹14,976 |
| Retail Maximum | 6,084 | ₹1,94,688 |
| S-HNI Minimum | 6,552 | ₹2,09,664 |
The lot size is 468 shares and bids can be made in multiples of 468 shares. At the upper price band of ₹32, one retail lot requires ₹14,976. The maximum retail application of 13 lots represents 6,084 shares and requires ₹1,94,688. The minimum S-HNI application is 14 lots, or 6,552 shares, requiring ₹2,09,664 at the upper price band.
About AceVector Limited
AceVector Limited was incorporated in 2007 as Jasper Infotech Limited and later changed its name to AceVector Limited. The company operates an asset-light digital commerce ecosystem built around value-focused e-commerce, e-commerce enablement software and consumer brands. Its principal businesses include Snapdeal, Unicommerce and Stellaro Brands.
Snapdeal operates as a value-focused lifestyle e-commerce marketplace, while Unicommerce provides SaaS-based solutions for e-commerce businesses. Stellaro Brands develops and distributes consumer brands through online and offline channels.
AceVector’s marketplace business focuses primarily on value-conscious consumers, particularly customers in Tier 2 and smaller cities. During FY2026, Snapdeal served customers across 18,972 PIN codes in India.
Business Operations
AceVector operates through three principal business areas.
Snapdeal is the company’s value-focused e-commerce marketplace. It offers products across categories including fashion, home and general merchandise, beauty and personal care. The marketplace follows an asset-light model and connects consumers with sellers through its digital platform.
Unicommerce operates the company’s e-commerce enablement SaaS business. Its products include Uniware, Shipway and Convertway, which provide solutions for inventory management, order processing, warehouse management, logistics, returns and marketing-related functions. Unicommerce served 8,261 clients as of March 31, 2026.
Stellaro Brands operates the consumer-brand business. It develops and sells value-oriented brands through digital and physical distribution channels, including the women’s ethnic-wear brand Rangita.
The three-business structure gives AceVector exposure to marketplace commerce, software-as-a-service and consumer brands. The company describes the ecosystem as data-, technology- and AI-driven businesses operating with a centralised strategic approach.
Industry Overview
The Indian digital commerce industry has expanded with increasing internet penetration, smartphone usage, digital payments and e-commerce adoption. Value-focused e-commerce has particularly expanded beyond India’s largest cities as consumers in smaller cities increasingly use online platforms.
AceVector operates in several segments of this broader digital commerce industry. Snapdeal focuses on value-oriented marketplace customers, Unicommerce provides technology infrastructure to e-commerce businesses, and Stellaro Brands operates in consumer products.
The industry remains highly competitive. Companies operating in online marketplaces compete on product selection, pricing, customer acquisition, delivery experience, technology, seller relationships and marketing efficiency.
Digital commerce companies also need to continuously invest in technology and customer acquisition. Changes in consumer preferences, competition, advertising costs and platform economics can influence operating performance.
Business Strategy
AceVector’s strategy is focused on expanding its digital commerce ecosystem through marketplace growth, technology investments and potential acquisitions.
The company proposes to spend ₹132 crore from the fresh issue proceeds on marketing and business promotion expenses for its marketplace business. Another ₹50 crore is earmarked for technology infrastructure costs of the marketplace business.
The company also intends to pursue inorganic growth through acquisitions and other strategic opportunities. This provides AceVector with a route to expand its capabilities or enter complementary areas of the digital commerce value chain.
The company has also developed a diversified operating structure through Snapdeal, Unicommerce and Stellaro Brands. Its strategy therefore combines marketplace operations with SaaS and consumer-brand businesses.
Acevector (Snapdeal) IPO Financial Information
AceVector reported growth in total income between FY2025 and FY2026, while its net loss narrowed. According to the restated consolidated financial information, total income increased from ₹406.77 crore in FY2025 to ₹537.67 crore in FY2026. The loss after tax narrowed from ₹126.31 crore to ₹45.51 crore during the same period.
Acevector (Snapdeal) Financial Summary
| Particular | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Assets | ₹575.28 Cr | ₹558.09 Cr | ₹410.50 Cr |
| Total Income | ₹537.67 Cr | ₹406.77 Cr | ₹384.74 Cr |
| Profit After Tax | -₹45.51 Cr | -₹126.31 Cr | -₹51.30 Cr |
| EBITDA | -₹22.17 Cr | -₹107.79 Cr | -₹35.77 Cr |
| Net Worth | ₹102.08 Cr | ₹126.33 Cr | -₹142.09 Cr |
| Reserves and Surplus | ₹56.99 Cr | ₹86.59 Cr | -₹181.83 Cr |
| Total Borrowings | Nil | ₹0.45 Cr | Nil |
Amount in ₹ Crore.
AceVector’s total income increased from ₹384.74 crore in FY2024 to ₹537.67 crore in FY2026. The company continued to report losses, although the FY2026 loss was substantially lower than the FY2025 loss.
Net worth stood at ₹102.08 crore in FY2026 compared with ₹126.33 crore in FY2025. The company reported negative net worth in FY2024, which subsequently turned positive in FY2025 and FY2026.
Acevector (Snapdeal) IPO Key Performance Indicators (KPIs)
| KPI | FY2026 |
|---|---|
| ROE | -44.58% |
| ROCE | -12.00% |
| RoNW | -59.54% |
| PAT Margin | -8.92% |
| EBITDA Margin | -4.34% |
| NAV | ₹2.21 |
| Price to Book Value | 14.48 |
The FY2026 financial indicators reflect the company’s loss-making position. The reported RoNW was -59.54%, while ROE was reported at approximately -44.58%. The EBITDA margin was negative and the PAT margin was -8.92%. NAV stood at ₹2.21 per share.
At the upper IPO price band of ₹32, the reported pre-issue P/E is negative because the company recorded a loss in FY2026. The reported pre-issue EPS is approximately -₹1.00 to -₹1.32 depending on the calculation basis used by the respective IPO data source.
Objects of the Acevector (Snapdeal) IPO
The company proposes to utilise the net proceeds from the fresh issue towards the following objects:
- 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.
- General corporate purposes.
The company has earmarked ₹132 crore for marketing and business promotion expenses of its marketplace business and ₹50 crore for technology infrastructure. The balance is intended for inorganic growth through acquisitions and general corporate purposes.
The marketing allocation is intended to support customer acquisition and marketplace promotion, while the technology allocation is directed toward infrastructure supporting the marketplace platform.
The company had also raised ₹13 crore through a pre-IPO round, which resulted in the fresh issue being reduced from the earlier proposed ₹300 crore to ₹287 crore.
Acevector (Snapdeal) IPO Listing Performance
| Particular | Value |
|---|---|
| Listing Exchange | BSE and NSE |
| Listing Date | October 5, 2026 |
| Issue Price | ₹32 |
| Listing Price | To Be Updated |
| Listing Gain | To Be Updated |
| Listing Gain (%) | To Be Updated |
Acevector IPO is scheduled to list on BSE and NSE on October 5, 2026. Since the shares have not yet started trading, the actual listing price, listing gain and listing gain percentage will be updated after listing.
Acevector (Snapdeal) IPO Subscription Status
The Acevector IPO is scheduled to open for public subscription on September 25, 2026. Therefore, live subscription figures are not available before the opening of the issue.
Subscription figures will be updated during the bidding period for QIB, NII and retail investor categories.
The latest pre-opening information indicates that the IPO had not yet commenced public bidding.
Acevector (Snapdeal) IPO Subscription
| Investor Category | Subscription |
|---|---|
| QIB | To Be Updated |
| NII | To Be Updated |
| RII | To Be Updated |
| Employee Category | Not Applicable |
| Total Subscription | To Be Updated |
Subscription figures will be updated after the IPO opens for bidding on September 25, 2026.
Acevector (Snapdeal) IPO Review
Acevector IPO is a ₹420 crore mainboard book-built issue consisting of a ₹287 crore fresh issue and a ₹133 crore offer for sale. The price band has been fixed at ₹30 to ₹32 per share and the lot size is 468 shares.
The company provides exposure to three complementary digital commerce businesses through Snapdeal, Unicommerce and Stellaro Brands. Snapdeal operates the value-focused marketplace, Unicommerce provides e-commerce enablement SaaS solutions and Stellaro Brands develops consumer brands.
AceVector has reported growth in total income, with FY2026 total income of ₹537.67 crore compared with ₹406.77 crore in FY2025. However, the company remained loss-making, reporting a FY2026 loss after tax of ₹45.51 crore. The loss was lower than the ₹126.31 crore loss reported in FY2025.
The fresh issue proceeds are primarily directed toward marketplace marketing and technology infrastructure. ₹132 crore is proposed for marketing and business promotion and ₹50 crore for technology infrastructure. The remaining proceeds are intended for acquisitions and general corporate purposes.
The company’s financial position also requires consideration. Although net worth was positive at ₹102.08 crore as of March 31, 2026, the company continued to report negative profitability metrics. The reported RoNW was -59.54% and PAT margin was -8.92%.
The company’s operating model is exposed to intense competition in e-commerce and digital commerce. Customer acquisition costs, promotional spending, technology investment, consumer preferences, seller participation and competitive pricing can affect marketplace performance.
The unofficial grey market premium for AceVector IPO was reported at ₹0 per share on September 24, 2026 by one tracker. GMP is an unofficial and unregulated market indicator and can change before listing; it should not be treated as a guaranteed listing price or return.
Acevector (Snapdeal) IPO Strengths
- Asset-light digital commerce ecosystem.
- Three operating businesses covering marketplace commerce, SaaS and consumer brands.
- Snapdeal focuses on value-conscious consumers and Tier 2+ and smaller cities.
- Snapdeal served customers across 18,972 PIN codes in India during FY2026.
- Unicommerce provides e-commerce enablement SaaS through Uniware, Shipway and Convertway.
- Unicommerce served 8,261 clients as of March 31, 2026.
- Diversified business model across marketplace, technology and consumer brands.
- FY2026 total income increased compared with FY2025.
- FY2026 loss narrowed substantially compared with FY2025.
- Proposed investment in marketplace marketing and technology infrastructure.
- Potential for inorganic growth through acquisitions and strategic opportunities.
Acevector (Snapdeal) IPO Risk Factors
- The company has reported losses in FY2026 and previous financial years.
- FY2026 PAT was negative at ₹45.51 crore.
- FY2026 EBITDA was negative at ₹22.17 crore.
- FY2026 RoNW was negative at 59.54%.
- The company’s business operates in a highly competitive digital commerce industry.
- Marketplace operations require continued spending on customer acquisition and marketing.
- Technology infrastructure requires continuous investment and upgrades.
- Changes in consumer preferences can affect marketplace demand.
- Competition from established and emerging e-commerce platforms may affect market share and operating performance.
- The company’s future growth depends partly on improving the performance of its marketplace and other businesses.
- Acquisitions and inorganic expansion involve integration and execution risks.
- The company has historically experienced negative operating cash flows and may continue to require capital to support its business.
Acevector (Snapdeal) IPO Promoters
The promoters of AceVector Limited are Kunal Bahl, Rohit Kumar Bansal and Starfish I Pte. Ltd. The promoter and promoter-group holding is reported at approximately 65.90% before the IPO and is expected to reduce after the issue.
Acevector (Snapdeal) IPO Promoters Details
| Promoter | Designation |
|---|---|
| Kunal Bahl | Promoter |
| Rohit Kumar Bansal | Promoter |
| Starfish I Pte. Ltd. | Promoter |
The reported promoter and promoter-group shareholding before the IPO is approximately 65.90%. The IPO involves dilution through the fresh issue and sale of shares by existing shareholders.
Acevector (Snapdeal) IPO Management Team
| Name | Designation |
|---|---|
| Kasaragod Ullas Kamath | Chairman – Non-Executive & Non-Independent Director |
| Kunal Bahl | Joint Managing Director |
| Rohit Kumar Bansal | Joint Managing Director |
| Akhil Kumar Gupta | Non-Executive & Nominee Director |
| Sairee Chahal | Independent Director |
| Simran Khara | Independent Director |
| Bharat Venishetti | Chief Financial Officer |
| Prabhas Singh | Company Secretary & Compliance Officer |
The management team includes Kunal Bahl and Rohit Kumar Bansal as Joint Managing Directors. Kasaragod Ullas Kamath serves as Chairman, while the company has independent and nominee directors on its board. Bharat Venishetti is the Chief Financial Officer and Prabhas Singh is the Company Secretary and Compliance Officer.
Acevector (Snapdeal) IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar Name | MUFG Intime India Private Limited |
| Website | MUFG Intime India IPO Services |
| IPO Allotment Status | Available through the registrar’s IPO status portal |
| Email ID | [email protected] |
| Contact Number | +91 810 811 4949 |
MUFG Intime India Private Limited is the registrar to the AceVector IPO and will handle IPO application processing and allotment-related services.
Acevector (Snapdeal) IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Managers | IIFL Capital Services Limited, CLSA India Private Limited and Systematix Corporate Services Limited |
IIFL Capital Services, CLSA India and Systematix Corporate Services have been appointed as the book-running lead managers for the AceVector IPO.
Acevector (Snapdeal) Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | AceVector Limited |
| Registered Office | Mezzanine Floor, A-83, Okhla Industrial Area, Phase-II, New Delhi, Delhi – 110020 |
| Website | AceVector Official Website |
| Email ID | [email protected] |
| Contact Number | +91 124 473 9850 |
The company’s registered office is located at A-83, Okhla Industrial Area, Phase-II, New Delhi. The company provides investor and corporate contact information through its official channels.
How to Check Acevector (Snapdeal) IPO Allotment Status
Through the Registrar
- Visit the official MUFG Intime IPO status portal.
- Select AceVector IPO from the available IPO list.
- Select the applicable search option such as PAN, Application Number or Demat/DP ID.
- Enter the required details.
- Complete the verification process if required.
- Submit the details to view the IPO allotment status.
Through the Stock Exchange
- Visit the official BSE or NSE website.
- Navigate to the IPO or allotment section.
- Select AceVector IPO.
- Enter the PAN or application details.
- Complete the required verification.
- Submit the information to check the allotment status.
Acevector (Snapdeal) IPO Conclusion
Acevector IPO is a ₹420 crore mainboard book-built issue comprising a ₹287 crore fresh issue and a ₹133 crore offer for sale. The price band is ₹30 to ₹32 per share and the lot size is 468 shares. The IPO is scheduled to open on September 25 and close on September 29, 2026, with listing planned on BSE and NSE on October 5, 2026.
AceVector operates an asset-light digital commerce ecosystem through Snapdeal, Unicommerce and Stellaro Brands. Its operations cover value-focused e-commerce, e-commerce enablement SaaS and consumer brands.
For FY2026, the company reported total income of ₹537.67 crore, a loss after tax of ₹45.51 crore and EBITDA of negative ₹22.17 crore. Net worth stood at ₹102.08 crore. The company’s loss narrowed substantially compared with FY2025.
The fresh issue proceeds are primarily intended for marketplace marketing and business promotion, technology infrastructure, acquisitions and general corporate purposes. The company has allocated ₹132 crore for marketplace marketing and ₹50 crore for technology infrastructure.
Investors evaluating the IPO should consider the company’s revenue growth, continuing losses, digital commerce competition, customer acquisition expenditure, technology requirements, business diversification, acquisition strategy and the risks disclosed in the offer documents.
Acevector (Snapdeal) IPO FAQs
What is the Acevector (Snapdeal) IPO?
Acevector IPO is a mainboard book-built IPO of ₹420 crore comprising a ₹287 crore fresh issue and a ₹133 crore offer for sale.
When will the Acevector (Snapdeal) IPO open?
The Acevector IPO is scheduled to open for subscription on September 25, 2026.
When will the Acevector (Snapdeal) IPO close?
The IPO is scheduled to close on September 29, 2026.
What is the Acevector (Snapdeal) IPO price band?
The price band is ₹30 to ₹32 per equity share.
What is the Acevector (Snapdeal) IPO lot size?
The lot size is 468 shares.
What is the minimum investment for the Acevector (Snapdeal) IPO?
At the upper price band of ₹32, the minimum investment for one lot of 468 shares is ₹14,976.
What is the Acevector (Snapdeal) IPO allotment date?
The basis of allotment is expected to be finalised on September 30, 2026.
What is the Acevector (Snapdeal) IPO listing date?
The shares are scheduled to list on BSE and NSE on October 5, 2026.
Who is the registrar of the Acevector (Snapdeal) IPO?
MUFG Intime India Private Limited is the registrar of the Acevector IPO.
Who are the lead managers of the Acevector (Snapdeal) IPO?
IIFL Capital Services Limited, CLSA India Private Limited and Systematix Corporate Services Limited are the book-running lead managers of the IPO.
