Gurgaon-headquartered Acevector, the company behind the value e-commerce marketplace Snapdeal, is set to launch its initial public offering (IPO) on September 25. The company has fixed the price band for its equity shares at Rs 30 to Rs 32 per share, with the public issue concluding on September 29. Anchor investors will have the opportunity to bid a day earlier, on September 24.
Key IPO Details and Financials
Investors can subscribe to a minimum of 468 shares, with subsequent bids in multiples thereof. At the upper end of the price band, Acevector aims to raise Rs 420 crore through this public offering. This would result in a post-issue market capitalization estimated at approximately Rs 1,741.4 crore. Trading of Acevector shares on the stock exchanges is anticipated to commence on October 5.
The IPO consists of two main components: a fresh issue of shares totaling up to Rs 287 crore and an Offer for Sale (OFS) of shares worth Rs 133 crore. Under the OFS, existing shareholders, including prominent investors like SoftBank subsidiary Starfish and Nexus Venture Partners, will offload their stakes. Other selling shareholders include FIH Business Global, Kenneth Stuart Glass, Jason Ashok Kothari, Rupen Investment and Industries, Centaurus Trading and Investments, and Laurent Bernard Amouyal.
Starfish currently holds the largest stake in Acevector at 30.11 percent. Promoters Kunal Bahl and Rohit Kumar Bansal hold 12.19 percent and 10.93 percent respectively. B2 Professional Services LLP, owned by the wives of Bahl and Bansal, holds a 10.87 percent stake.
The issue reserves 75 percent for qualified institutional buyers (QIBs), 15 percent for non-institutional investors (NIIs), and 10 percent for retail investors. Acevector has already secured Rs 13 crore in a pre-IPO round, which will be adjusted against the fresh issue component.
Use of Proceeds and Business Overview
Acevector plans to strategically deploy the net proceeds from the fresh issue. Approximately Rs 132 crore is earmarked for marketing and business promotion efforts for its marketplace segment, while Rs 50 crore will be invested in enhancing the technology infrastructure supporting its digital commerce operations. The remaining funds are allocated for inorganic growth initiatives, such as potential acquisitions, and for general corporate purposes.
Beyond Snapdeal, Acevector operates an asset-light digital commerce ecosystem that includes Unicommerce eSolutions, an e-commerce enablement software-as-a-service (SaaS) platform, and consumer brands managed through Stellaro Brands.
Financially, Acevector reported a net loss of Rs 60.7 crore for the fiscal year 2026, a reduction from a loss of Rs 139.2 crore in the previous fiscal year. Revenue from operations saw a significant increase of 29.2 percent, rising to Rs 510.4 crore from Rs 395 crore.
IIFL Capital Services, CLSA India, and Systematix Corporate Services are serving as the merchant bankers for this IPO.