AV
Acevector Limited IPO
Asset-Light Digital Commerce Ecosystem · Value E-Commerce Marketplace · SaaS Enablement · New Delhi
📋 Mainline IPO
Fresh + OFS
NSE, BSE
₹32
Upper Price
₹420.00 Cr
Issue Size
Oct 5, 2026
Listing Date
₹1,454.40 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Friday, 25 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 29 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 30 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 1 October 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 5 October 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date25 September 2026 (Fri)
IPO Close Date29 September 2026 (Tue)
Listing Date5 October 2026 (Mon)
Face Value₹1 per share
Price Band₹30 to ₹32
Issue Price (Upper Band)₹32 per share
Issue TypeBook Build — Fresh + OFS
Lot Size468 shares (Min Application: 1 Lot / 468 Shares)
Total Issue Size13,12,50,000 shares (₹420.00 Cr)
Fresh Issue8,96,87,500 shares (₹287.00 Cr)
Offer for Sale (OFS)4,15,62,500 shares (₹133.00 Cr)
Pre-Issue Shares45,44,99,270
Post-Issue Shares54,41,86,770
Promoter Holding (Pre)65.90%
Market Cap (Pre-IPO)₹1,454.40 Cr
Listing ExchangeNSE, BSE
Lead ManagerIIFL Capital Services, CLSA India, Systematix
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹32| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 468 | ₹14,976 |
| Retail — Maximum | 13 | 6,084 | ₹1,94,688 |
| S-HNI (sNII) — Min | 14 | 6,552 | ₹2,09,664 |
| S-HNI (sNII) — Max | 66 | 30,888 | ₹9,88,416 |
| B-HNI (bNII) — Min | 67 | 31,356 | ₹10,03,392 |
⚠️ Note: Investors can bid for a minimum of 468 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net OfferNot less than 75.00%
QIB Portion
Not more than 10.00%
Retail Portion
Not more than 15.00%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 575.28 | 558.09 | 410.50 |
| Total Income | 537.67 | 406.77 | 384.74 |
| PAT | -45.51 | -126.31 | -51.30 |
| EBITDA | -22.17 | -107.79 | -35.77 |
| Net Worth | 102.08 | 126.33 | -142.09 |
| Reserves & Surplus | 56.99 | 86.59 | -181.83 |
| Total Borrowing | 0.45 | – | – |
Income Growth
FY 2023–24₹384.74 Cr
FY 2024–25₹406.77 Cr
FY 2025–26₹537.67 Cr
🎯 Key Performance Indicators
-59.54%
RoNW
Mar 31, 2026
14.48x
Price/Book
Mar 31, 2026
2.21
NAV
Mar 31, 2026
⚖️ Valuation & EPS
Pre-IPO EPS
₹-1.00
FY26 earnings + pre-issue shares
P/E: -32.00xPost-IPO EPS
-ve
FY26 earnings + post-issue shares
P/E: -vePrice to Book Value
14.48x
At upper price band ₹32
Market Cap (Pre-IPO)
₹1,454.40 Cr
At issue price ₹32
ℹ️
Pre-IPO EPS (₹-1.00) based on pre-issue shares (45,44,99,270) and FY26 restated PAT (₹-45.51 Cr). Post-IPO EPS (-ve) accounts for the dilution resulting from the issuance of 8,96,87,500 fresh equity shares extending the total post-issue equity to 54,41,86,770 shares. Post-IPO Market Cap expands to ₹1,741.40 Cr at the upper issue price of ₹32.
🎯 Objects of the Issue
Net proceeds utilisation1
Funding a portion of the marketing and business promotion expense of the Marketplace business of Company
₹132.00 Cr
2
Funding the technology infrastructure costs of the Marketplace business of Company
₹50.00 Cr
3
Funding inorganic growth through acquisitions and general corporate purpose
Balance
Total Fresh Issue Goal
₹287.00 Cr
🏢 About Acevector Ltd.
Est. 2007 · New Delhi, Delhi · Digital Commerce EcosystemAcevector Ltd., incorporated in 2007, operates a comprehensive asset-light digital commerce ecosystem scaling deeply into value e-commerce, robust SaaS technology, and focused consumer brand development. Serving as the parent umbrella, Acevector unifies operations spanning data architectures, bespoke supply chains, and AI-driven platforms.
The business primarily encompasses three operational pillars: (i) Snapdeal, a dominant value-driven lifestyle e-commerce marketplace purposefully constructed to supply affordable merchandise to middle-income, value-conscious shoppers in Tier 2+ cities; (ii) e-commerce SaaS platforms comprising Uniware, Convertway, and Shipway that facilitate essential end-to-end enablement tools; and (iii) Stellaro Brands, which manages an omnichannel portfolio of consumer-oriented brands. In FY 2026, Snapdeal effectively serviced customers nationwide across 18,972 pin codes. By prioritizing operating leverage and centralized strategy support, Acevector registered a 32% growth in revenue up to ₹537.67 Cr in FY26 while narrowing net losses significantly.
Brand Ecosystem
🛒
Snapdeal Marketplace
Value-driven lifestyle e-commerce marketplace offering affordable merchandise tailored for Tier 2+ shoppers.
💻
E-commerce SaaS Enablement
Comprehensive SaaS operations comprising Uniware, Convertway, and Shipway for seamless logistics and enablement.
🏷️
Stellaro Brands
Omnichannel brand portfolio addressing localized and value-centric consumer merchandise.
🌐
Asset-Light Model
Proprietary technology stack powering an intuitive, discovery-led shopping platform without heavy capital expenditures.
Competitive Strengths
🏆Leading position as a value-focused e-commerce marketplace purpose-built for India’s value shoppers.
📊Proprietary technology stack powering high-scale, personalized and discovery-led shopping experiences.
⚙️Diversified ecosystem structure driving organic footprint while facilitating strategic M&A across the value chain.
📈Robust unit economics demonstrating visible operating leverage, delivering a 32% jump in top-line scaling in FY26.
Company Promoters
KB
Kunal Bahl & Rohit Kumar Bansal
Promoters, Acevector Ltd.
ST
Starfish I Pte.Ltd.
Promoter Entity, Acevector Ltd.
Key Selling Shareholders (OFS)
Starfish I Pte.Ltd.2,76,07,082 Shares (₹88.34 Cr)
Nexus India Direct Investments II73,91,113 Shares (₹23.65 Cr)
FIH Business Global Pte.Ltd.17,40,528 Shares (₹5.57 Cr)
Nexus Opportunity Fund Ltd.8,39,713 Shares (₹2.69 Cr)
Nexus Ventures III Ltd.4,65,599 Shares (₹1.49 Cr)
📅 Key Dates
IPO Opens25 Sep 2026
IPO Closes29 Sep 2026
Allotment30 Sep 2026
Refund & Share Credit1 Oct 2026
Listing Day5 Oct 2026
💡 Quick Summary
Price Band₹30 – ₹32
Upper Price₹32 / share
Lot Size468 shares
Min. Investment (Retail)₹14,976 (1 Lot)
Issue Size₹420.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
IIFL Capital Services, CLSA India, Systematix
📍 Registered Address
Acevector Ltd.
Mezzanine Floor, A-83, Okhla Industrial Area,
Ph-II, New Delhi,
Delhi — 110020
📞 +91 1244739850
[email protected]
Mezzanine Floor, A-83, Okhla Industrial Area,
Ph-II, New Delhi,
Delhi — 110020
📞 +91 1244739850
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Acevector IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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