Investors can bid for a minimum of 468 shares and in multiples thereof. At the upper end of the price band, AceVector will raise ₹420 crore through the IPO.
The anchor investor portion will open for bidding on September 24. At the upper end of the price band, AceVector is expected to command a post-issue market capitalisation of around ₹1,741.4 crore.
The IPO, with a face value of ₹1 per equity share, comprises a fresh issue of up to ₹287 crore and an offer for sale (OFS) of shares worth ₹133 crore.
Under the OFS, existing shareholders including SoftBank subsidiary Starfish and Nexus Venture Partners will sell shares. 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 is the largest shareholder in AceVector with a 30.11% stake, followed by Kunal Bahl with 12.19% and Rohit Kumar Bansal with 10.93%. B2 Professional Services LLP, owned by the wives of Bahl and Bansal, holds a 10.87% stake.
Of the total issue, 75% has been reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and the remaining 10% for retail investors.
AceVector has already raised ₹13 crore in a pre-IPO round, with the amount being adjusted against the fresh issue component.
AceVector IPO proceeds
The company plans to use ₹132 crore of the net fresh issue proceeds for marketing and business promotion expenses for its marketplace business. Another ₹50 crore will be used for technology infrastructure for the marketplace business.
The remaining proceeds will be used for inorganic growth through acquisitions and general corporate purposes.
AceVector business and financials
Gurgaon-headquartered AceVector operates an asset-light digital commerce ecosystem comprising the value e-commerce marketplace Snapdeal, e-commerce enablement software-as-a-service (SaaS) platform Unicommerce eSolutions, and consumer brands operated through Stellaro Brands.
AceVector remains loss-making, reporting a net loss of ₹60.7 crore for FY26, narrowing from ₹139.2 crore in the previous fiscal year.
However, revenue from operations rose 29.2% to ₹510.4 crore in FY26 from ₹395 crore a year earlier.
IIFL Capital Services, CLSA India and Systematix Corporate Services have been appointed as the merchant bankers to the AceVector IPO.
Trading in AceVector shares on the stock exchanges is expected to commence on October 5.
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