Q1. What is the business of AceVector Limited?

It is the digital‑commerce ecosystem behind Snapdeal, also operating SaaS e‑commerce platform Unicommerce and omnichannel consumer brand arm Stellaro Brands.

Q2. Why is the company raising funds via IPO?

Acevector is raising funds via IPO to fund marketing, tech infrastructure, inorganic growth (acquisitions).

Q3. What is the size of the issue and where will it list?

The issue size of the IPO features a ₹300 crore fresh issue plus OFS of ~6.38 crore equity shares. It will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

Risk factors include reasons like heavy competition from larger players, narrowing margins, evolving e‑commerce dynamics and valuation/market sentiment uncertainty.

Q5. What are the potential upsides?

Strong upsides of Acevector is its value commerce exposure, diversified revenue streams, founder conviction, growth in e‑commerce SaaS, and tech‑led expansion.

Q6. How to apply for the IPO?

You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.

AceVector Limited: New IPO, GMP, IPO Score, Price, Analysis

Closed

AceVector Limited: New IPO, GMP, IPO Score, Price, Analysis

Market Cap

₹1,741.40 Cr

IPO Issue Size

₹ 420 Cr

Expected Price by IPOCorner

₹30 to ₹32

IPO Score

*Score varies on actual price

AceVector Limited, a SoftBank‑backed digital commerce company and the parent of e‑commerce marketplace Snapdeal, also operates the Unicommerce e‑commerce enablement platform and the Stellaro Brands consumer business—together forming a diversified tech‑driven commerce ecosystem.
It was incorporated in the year 2007 & currently Mr. Achint Setia serves as the Chief Executive Officer of the company.
AceVector Limited has filed its draft red herring prospectus (DRHP) with SEBI for a proposed IPO of ₹420 Crore which includes a Fresh Issue of ~₹287 Cr and an OFS of ~₹133 Cr being sold by current investors.
It operates a value‑focused e‑commerce marketplace (Snapdeal), a SaaS e‑commerce enablement platform (Unicommerce) and a consumer brands arm (Stellaro Brands). Snapdeal served about 11.7 million annual transacting customers and delivered ~13 million units in a recent reporting period.

Subscription date to apply for AceVector Limited starts on 25th Sep’26 & closes on 29th Sep’26. Price band for the IPO is ₹30 to ₹32 with a lot size of 468 Shares.

Year	2025
Networth	₹ 138.55 Cr
Revenue	₹ 395.02 Cr
EBITDA	₹ -39.15 Cr
PAT	₹ -125.93 Cr
EBITDA Margin	~ -9.91%
PAT Margin	~ -31.88%
Face Value	Rs.01 per Equity Share

IPO Important Dates

#	Date
Open Date	Sep 25, 2026
Close Date	Sep 29, 2026
Anchor Investor Bidding	Sep 24, 2026
Allotment Date	Wed, Sep 30, 2026
Refunds& Demat Credit	Thu, Oct 1, 2026
Tentative Listing Date	Mon, Oct 5, 2026

Use Of Proceeds

Purpose	Amount
Marketing & Promotions	~ ₹ 125 Cr
Technology & Infrastructure	~ ₹ 55 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	371.96	379.76	395.02
PAT (₹ Cr)	-267.53	-51.29	-125.93
Asset (₹ Cr)	378.37	410.49	553.96
Net Worth (₹ Cr)	22.82	-129.16	138.55

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
29-Sep	₹ 30 - ₹ 32	₹ 02	₹ 936
28-Sep	₹ 30 - ₹ 32	₹ 01	₹ 468
27-Sep	₹ 30 - ₹ 32	₹ 02	₹ 936
26-Sep	₹ 30 - ₹ 32	₹ 02	₹ 936
25-Sep	₹ 30 - ₹ 32	₹ 02	₹ 936

Pros

Diversified e‑commerce ecosystem with Snapdeal, Unicommerce, and Stellaro Brands.
Growing digital commerce and SaaS adoption in India offers long-term growth potential.
Fresh capital raising (~₹300 crore) to fund expansion and strengthen market position.
Experienced leadership with strong investor backing (SoftBank & other PE investors).
Strong customer base (~1.17 Cr annual buyers) with omnichannel reach.

Cons

Highly competitive e‑commerce market dominated by Amazon and Flipkart.
Profitability is uncertain, high operating costs in logistics and technology.
Limited physical store presence may constrain offline growth.
IPO price band and valuation unknown, potential overvaluation risk.
Regulatory changes or shifts in consumer behavior could impact revenue growth.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Starfish I Pte. Ltd.	~30.68%
Kunal Bahl	~12.42%
Rohit Kumar Bansal	~11.14%
B2 Professional Services LLP	~11.07%
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	468	1	468	₹ 14,976
Retail (Max)	468	13	6,084	₹ 194,688
HNI (Min)	468	14	6,552	₹ 209,664
HNI (Max)	468	66	209,664	₹ 988,416
Big HNI (Min)	468	67	31,356	₹ 1,003,392

Key Performance Index (KPI)

ROE	-
ROCE	-
RoNW	-59.54%

Lead / Book Running Lead Managers

IIFL Capital Services Limited CLSA India Private Limited

Registrar (RTA)

MUFG Intime India Private Limited

Q1. What is the business of AceVector Limited?
It is the digital‑commerce ecosystem behind Snapdeal, also operating SaaS e‑commerce platform Unicommerce and omnichannel consumer brand arm Stellaro Brands.
Q2. Why is the company raising funds via IPO?
Acevector is raising funds via IPO to fund marketing, tech infrastructure, inorganic growth (acquisitions).
Q3. What is the size of the issue and where will it list?
The issue size of the IPO features a ₹300 crore fresh issue plus OFS of ~6.38 crore equity shares. It will be listed on the BSE & NSE platform.
Q4. What are the risks to an investor?
Risk factors include reasons like heavy competition from larger players, narrowing margins, evolving e‑commerce dynamics and valuation/market sentiment uncertainty.
Q5. What are the potential upsides?
Strong upsides of Acevector is its value commerce exposure, diversified revenue streams, founder conviction, growth in e‑commerce SaaS, and tech‑led expansion.
Q6. How to apply for the IPO?
You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.