Acevector IPO(Snapdeal) IPO
ACEVECTOR · BSE, NSE · Mainboard · e-Commerce
Overview
Updated 12 days agoAceVector Limited (formerly Snapdeal Limited) is an e-commerce ecosystem operating a value-focused marketplace, SaaS-based e-commerce enablement, and consumer brands. The company is raising funds through a fresh issue of equity shares and an offer for sale by existing shareholders.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 468 | ₹14,976 |
| Retail (max) | 13 | 6,084 | ₹1,94,688 |
| sNII (min) | 14 | 6,552 | ₹2,09,664 |
| bNII (min) | 67 | 31,356 | ₹10,03,392 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | e-Commerce |
| Price band | ₹30–32 |
| Final issue price | ₹32.00 |
| Face value | ₹1 per share |
| Lot size | 468 shares |
| Minimum investment | ₹14,976 |
| Issue size | ₹420 Cr |
| Fresh issue | ₹287 Cr |
| Registrar | MUFG Intime India Private Limited |
| Lead managers | IIFL Capital Services Limited, CLSA India Private Limited, Systematix Corporate Services Limited |
| NSE symbol | ACEVECTOR |
| ISIN | INE580P01029 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
AceVector Limited, formerly known as Snapdeal Limited, operates a digital commerce ecosystem in India. Its business model is built on three pillars: Snapdeal, a value-focused e-commerce marketplace; Unicommerce, a SaaS-based e-commerce enablement platform; and Stellaro Brands, an omnichannel consumer brands business. The company focuses on the value-conscious segment of the Indian e-commerce market, particularly in Tier 2+ cities. It leverages technology and data analytics to provide a seamless shopping experience and support its sellers. The company's operations are asset-light, relying on third-party logistics providers for delivery.
Objects of the issue — how the money will be used
- Funding a portion of the marketing and business promotion expense of the Marketplace business (₹132 Cr)
- Funding the technology infrastructure costs of the Marketplace business (₹50 Cr)
- Inorganic growth through acquisitions and general corporate purposes
Key strengths
- Diversified ecosystem with centralized strategy support
- Leading value-focused e-commerce marketplace
- Robust unit economics with operating leverage
- Proprietary technology stack
- Experienced management and marquee investors
Key risks
- History of restated losses
- Significant dependence on Snapdeal marketplace revenue
- Highly competitive industry
- Reliance on third-party logistics providers
- Potential loss of control over Unicommerce
- Risks related to open-source software and technology infrastructure
- Pending litigations against the company and promoters
Promoters
Kunal Bahl, Rohit Kumar Bansal, Starfish I Pte. Ltd.
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 379.76 | -- | −51.30 | 410.50 | −142.09 | 0.00 |
| FY25 | 395.02 | -- | −126.31 | 558.09 | 126.33 | 0.45 |
| FY26 | 510.38 | -- | −45.51 | 575.28 | 102.08 | 0.00 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Acevector IPO(Snapdeal) this issue | 510.4 | -1.32 | -- | -59.54 | 2.21 |
| FSN E-Commerce Ventures Limited | 10,022.4 | 0.70 | 462.5 | 13.87 | 5.00 |
| Brainbees Solutions Limited | 8,547.9 | -2.90 | -- | -2.91 | 90.71 |
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.