Snapdeal Parent AceVector to Open IPO on September 25 With ₹287 Crore Fresh Issue

Snapdeal parent AceVector Limited has set a price band of ₹30 to ₹32 per equity share for its upcoming initial public offering (IPO), which will open for subscription on September 25 and close on September 29, 2026. Bidding for anchor investors will take place on September 24.

Investors can bid for a minimum of 468 equity shares and in multiples of 468 thereafter. At the upper end of the price band, the IPO is valued at approximately ₹420 crore.

The public issue comprises a fresh issue of equity shares aggregating up to ₹287 crore and an offer for sale (OFS) of up to 4.16 crore equity shares by existing shareholders. The OFS includes shares offered by Starfish I Pte. Ltd., the promoter selling shareholder, along with several investor and individual shareholders.

AceVector plans to utilise the net proceeds from the fresh issue towards marketing and business promotion expenses for its marketplace business, technology infrastructure costs, inorganic growth through acquisitions and general corporate purposes.

The company operates an asset-light digital commerce ecosystem comprising Snapdeal, its value-focused e-commerce marketplace; Unicommerce eSolutions, an e-commerce enablement SaaS platform; and consumer brands operated through Stellaro Brands.

The IPO follows AceVector’s filing of its red herring prospectus dated September 21, 2026. The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited (NSE), with NSE serving as the designated stock exchange.

The offer is being made through the book-building process. Up to 75% of the offer is reserved for Qualified Institutional Buyers (QIBs), while not more than 15% is available for Non-Institutional Bidders and not more than 10% for Retail Individual Bidders, subject to applicable SEBI regulations.

IIFL Capital Services Limited, CLSA India Private Limited and Systematix Corporate Services Limited are the book running lead managers to the offer.

AceVector reported revenue from operations of approximately ₹510.4 crore in FY26, compared with ₹395 crore in FY25. Its net loss narrowed to ₹60.7 crore in FY26 from ₹139.2 crore in the previous financial year.

The company’s shares are expected to begin trading on the stock exchanges on October 5, 2026.