AceVector Ltd, the parent company of e-commerce marketplace Snapdeal, opens its ₹420 crore initial public offering (IPO) for subscription today, Friday, 25 September 2026. The price band is ₹30 to ₹32 per share, and the issue closes on Tuesday, 29 September.
A day before opening, AceVector raised ₹189 crore from 14 anchor investors at ₹32 per share, the top of the price band. The shares are proposed to be listed on BSE and NSE, with NSE as the designated stock exchange.
AceVector IPO Key Details
The AceVector IPO is a mix of a fresh issue and an offer for sale (OFS). In a fresh issue, the company raises new money; in an OFS, existing shareholders sell part of their holding and the proceeds go to them.
| Parameter | Details |
|---|---|
| IPO Dates | 25 September 2026 to 29 September 2026 |
| Anchor Book | 24 September 2026, ₹189 crore raised from anchor investors |
| Face Value | ₹1 per equity share |
| Price Band | ₹30 to ₹32 per equity share |
| Lot Size | 468 shares (minimum ₹14,976 at the cap price) |
| Issue Type | Book-built, fresh issue plus offer for sale |
| Total Issue Size | ₹420 crore |
| Fresh Issue | ₹287 crore |
| Offer for Sale | Up to 4,15,62,500 equity shares (about ₹133 crore at the cap price) |
| Listing Exchanges | BSE, NSE |
| Allotment Date | 30 September 2026 (tentative) |
| Credit to Demat | 1 October 2026 (tentative) |
| Listing Date | 5 October 2026 (tentative) |
In total, the offer covers 13,12,50,000 equity shares at the upper end of the price band. AceVector had already raised ₹13 crore in a pre-IPO round, and this amount will be adjusted against the fresh issue.
Important Dates for Snapdeal IPO Investors
The IPO timeline is short, with allotment due the day after the issue closes. Investors should keep these dates in mind:
- Anchor bidding: Thursday, 24 September 2026
- IPO opens: Friday, 25 September 2026
- IPO closes: Tuesday, 29 September 2026
- Basis of allotment: Wednesday, 30 September 2026
- Credit of shares to demat accounts: Thursday, 1 October 2026
- Tentative listing date: Monday, 5 October 2026
The listing date is tentative and will be confirmed by the exchanges. Unsuccessful applicants get their blocked funds released as part of the post-allotment process.
How the Offer Is Split Between Investor Categories
AceVector has reserved 75% of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.
The small retail quota means individual investors are competing for a limited pool of shares. If the retail portion is heavily oversubscribed, allotment is decided by a lottery among eligible applicants, with most successful applicants receiving one lot.
Who Invested in the Anchor Book
AceVector allotted about 5.91 crore shares to anchor investors at ₹32 each. Anchor investors are large institutions that commit before the IPO opens and are subject to a lock-in period after listing.
Negen Undiscovered Value Fund, a Category III alternative investment fund, was the largest anchor investor with shares worth about ₹40 crore. Singularity Growth Opportunities Fund II took shares worth nearly ₹27 crore, while Turnaround Opportunities Fund was allotted shares worth about ₹20 crore.
Domestic mutual funds participated through three schemes: Helios Mid Cap Fund, Helios Small Cap Fund and Taurus Ethical Fund. Together they took 93.74 lakh shares, or 15.87% of the anchor portion, worth about ₹30 crore. The company reported no applications from insurance companies or pension funds in the anchor round.
How AceVector Plans to Use the IPO Money
Most of the fresh issue proceeds are earmarked for growing the Snapdeal marketplace. The company has laid out the following uses:
- ₹132 crore for marketing and business promotion for the marketplace business
- ₹50 crore for technology infrastructure for the marketplace business
- The balance for inorganic growth through acquisitions and for general corporate purposes
AceVector has not named any specific acquisition targets. The OFS portion does not go to the company, so only the fresh issue funds these plans.
What AceVector Does
AceVector was incorporated in September 2007 as Jasper Infotech Private Limited. It runs an asset-light digital commerce business through three segments.
The first is Snapdeal, a marketplace focused on value-conscious shoppers. The second is Unicommerce eSolutions, an e-commerce enablement software-as-a-service (SaaS) platform used by online sellers and brands. The third is Stellaro Brands, which operates consumer brands.
IIFL Capital Services, CLSA India and Systematix Corporate Services are the book-running lead managers, and MUFG Intime India is the registrar.
How to Apply for the AceVector IPO
Retail investors can bid for one lot of 468 shares or in multiples of 468. Bids can be placed through UPI via a broker, or through ASBA using net banking, where the bid amount is blocked in the bank account rather than debited.
Demat account opening and UPI linking should be completed before bidding, because allotted shares are credited only to a demat account. Investors who invest in IPO online through a trading account can bid at the cut-off price, which means they accept the final price set within the band.
Other issues also open today, including the IPOs of Orient Cables, German Green Steel and Runwal Enterprises. Investors weighing several offers should read each company’s red herring prospectus (RHP), which sets out financials, risks and objects of the issue in detail.
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