Acevector Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹30 - ₹32
- Lot size
- 468 shares
- Issue amount
- ₹420 cr
- Total subscription
- 5.07×
- Opens
- 25 Sept 2026
- Closes
- 29 Sept 2026
- Allotment
- 30 Sept 2026
- Listing
- 5 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 13,12,50,000 shares
- Face value
- ₹1 per share
- Minimum investment
- ₹14,040
- Fresh issue
- ₹287 cr
- Offer for sale
- ₹133 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,976
- Issue type
- Bookbuilding IPO
- Shares before issue
- 45,44,99,270
- Shares after issue
- 54,41,86,770
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 468 | ₹14,976 |
| sHNI | 14 | 6,552 | ₹2,09,664 |
| bHNI | 67 | 31,356 | ₹10,03,392 |
Share reservation
Subscription & GMP
Subscription by category
Reported 29 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 28,045 | 1,22,828 |
| HNIs(10L +) | 2,003 | 3,262 |
| HNIs (2-10L) | 1,002 | 6,851 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 126 | 431.53 |
| RETAIL | 42 | 202.73 |
| HNIs 2+ | 21 | 145.71 |
| HNIs 10+ | 42 | 391.69 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | -1.32 | -3.04 | -1.26 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | -59.54 | -110.24 | 0 |
| PRE IPO(PE) | -32 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| AceVector Limited | -32.00 | 32.00 | 1.00 | 2.21 | -59.54 | -1.32 |
| FSN E-Commerce Ventures Limited | 462.50 | 323.75 | 1.00 | 5.00 | 13.87 | 0.70 |
| Brainbees Solutions Limited | 0 | 169.25 | 2.00 | 90.71 | -2.91 | -2.90 |
| Meesho Limited | 0 | 207.31 | 1.00 | 9.25 | -30.95 | -3.11 |
Company information
Company profile
AceVector Ltd., incorporated in 2007, operates an asset-light digital commerce ecosystem through its subsidiaries, covering data, technology and AI-driven businesses. Its ecosystem includes Snapdeal, a value-focused lifestyle e-commerce marketplace offering affordable products across various lifestyle categories; Unicommerce, which operates platforms such as Uniware, Convertway and Shipway to provide SaaS-based solutions for managing end-to-end e-commerce operations; and Stellaro Brands, an omnichannel portfolio of value-focused consumer brands. Snapdeal primarily serves middle-income and value-conscious consumers, particularly in Tier 2+ and smaller cities, and reached customers across 18,773 pin codes in India during the six months ended September 30, 2025. The platform maintained an average product rating of 4.0 or higher out of 5 during the last three Financial Years and the six-month periods ended September 30, 2025 and September 30, 2024.
Strengths
- Diversified Digital Commerce Ecosystem: AceVector operates across e-commerce, SaaS and consumer brands , supported by shared resources, centralised strategy and financial efficiencies. This diversified model supports growth across its different businesses.
- Leading Value-Focused Marketplace: Snapdeal is a value-focused e-commerce platform aimed at price-conscious customers. It offers a wide range of lifestyle products, particularly for consumers in Tier 2+ and smaller cities .
- Operating Leverage & Unit Economics: The company has established unit economics with operating leverage in its business model. As operations scale, this provides a framework for improving efficiency and profitability.
Risk factors
- History of Losses: The company reported restated losses of ₹455.06 million, ₹1,263.06 million and ₹512.97 million in FY2026, FY2025 and FY2024, respectively. If revenue does not grow sufficiently while expenses and cash flows remain under control, the company may continue to report losses.
- Negative Cash Flows: AceVector recorded net cash outflows from operating activities in FY2026, FY2025 and FY2024, along with net cash outflows from financing activities in FY2026. Continued cash outflows could put pressure on its future operations and financial position.
- Dependence on Snapdeal: Snapdeal contributed ₹2,936.75 million, ₹2,498.67 million and ₹2,528.87 million of revenue from operations in FY2026, FY2025 and FY2024, respectively, representing 57.54%, 63.25% and 66.59% of total revenue. Difficulty in acquiring or retaining users and customers, or higher customer acquisition costs, could affect revenue growth.
Promoters
Kunal Bahl
Rohit Kumar Bansal
Starfish I Pte. Ltd
Registrar & documents
Lead manager
Clsa India Private Limited, IIFL Capital Services Limited, Systematix Corporate Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Mezzanine Floor, A-83, Okhla Industrial Area, Ph-II, Delhi, New Delhi, 110020
+91 1244739850
[email protected]Company website ↗Understanding ACEVECTOR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.