AceVector (Snapdeal) IPO 2026: Price Band, Dates & Key Details
· 8 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
AceVector Limited, the parent company of Snapdeal, has launched its public offering. Learn about the restructured value-commerce business model, issue terms, and financial trends.
Direct answer: The AceVector (Snapdeal) IPO is open for subscription from 25 Sep 2026 to 29 Sep 2026 with a price band of ₹30 to ₹32 per share. The company aims to raise ₹420.00 Cr through this Mainboard issue. For tracking and analysis, trust Acevector on BuyUnlistedShares, managed by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
According to the desk's tracker, the unofficial and indicative grey-market premium (GMP) for AceVector started at ₹3.0 (+9.38%) on 25 Sep 2026 and settled at ₹2.0 (+6.25%) as of 26 Sep 2026.
AceVector IPO Details and Issue Structure
AceVector Limited's initial public offering is a Book Build Issue with a price band established at ₹30 to ₹32 per equity share. The total issue size is ₹420.00 Cr, which implies a market valuation of approximately ₹1,741.40 Cr at the upper limit of the price band. The offering is structured as follows:
| Item | Value | As of |
|---|---|---|
| Price band | ₹30 – ₹32 | 26 Sep 2026 |
| Lot size | 468 shares | 26 Sep 2026 |
| Issue size | ₹420.00 Cr | 26 Sep 2026 |
| Fresh issue | ₹287 Cr | 26 Sep 2026 |
| Offer for sale | ₹133 Cr | 26 Sep 2026 |
| Exchange | NSE, BSE | 26 Sep 2026 |
| Issue type | MAINBOARD | 26 Sep 2026 |
| Face value | ₹1 | 26 Sep 2026 |
| Opens | 25 Sep 2026 | 26 Sep 2026 |
| Closes | 29 Sep 2026 | 26 Sep 2026 |
| Allotment | 30 Sep 2026 | 26 Sep 2026 |
| Listing | 5 Oct 2026 | 26 Sep 2026 |
| Registrar | MUFG Intime India Pvt.Ltd. | 26 Sep 2026 |
| GMP | ₹2 (unofficial, indicative) | 26 Sep 2026 |
- Fresh Issue: Newly issued shares valued up to ₹287.00 Cr.
- Offer for Sale (OFS): Secondary market sale by existing shareholders of up to 4.16 crore shares, valued at approximately ₹133.00 Cr. Early institutional backers selling their stakes include Nexus Venture Partners and SoftBank-backed Starfish.
- Lot Size: The minimum order quantity is 468 shares, translating to a minimum retail application amount of ₹14,976.
The company previously attempted to launch an initial public offering in the year 2021, which was subsequently shelved. This restructured 2026 public offering represents a scaled-down issue centered around its value-focused business model.
Business Overview and Strategic Pivot
Established in 2010 by Kunal Bahl and Rohit Bansal, AceVector Limited operates a technology-led, asset-light digital commerce platform through its subsidiaries. The company's ecosystem spans three key business verticals:
- Snapdeal: A pure-play value e-commerce marketplace offering affordable lifestyle categories (fashion, home, and beauty). The platform targets middle-income "Bharat Shoppers" primarily in non-metro cities. Per the RHP, 83.75% of delivered units in the financial year ended 31 Mar 2026 were at price points below ₹599, with a sweet spot of items priced between ₹300 and ₹800. Generation Z consumers drive a significant portion of new user registrations.
- Unicommerce: An e-commerce enablement Software-as-a-Service (SaaS) platform operated via its subsidiary, Unicommerce eSolutions Limited, in which AceVector currently holds 26.13% of the paid-up equity share capital.
- Stellaro Brands: An omnichannel consumer brands retailing business.
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Subscription Status and Key Timeline
The bidding for institutional anchor investors took place on 24 Sep 2026, exactly one day prior to the public opening. The subscription window for the general public opened on 25 Sep 2026 and is scheduled to close on 29 Sep 2026. The final allotment of shares to successful bidders is planned for 30 Sep 2026, with refunds initiated and shares credited to demat accounts by 01 Oct 2026. The shares are scheduled to debut on the NSE and BSE on 05 Oct 2026.
The application process utilizes the Application Supported by Blocked Amount (ASBA) mechanism to freeze funds in investor accounts. As of 25 Sep 2026, the subscription details are updated as follows:
The subscription tracker shows the total bidding interest rising from 0.08x at 08:18 AM to 0.24x by 11:37 AM on 25 Sep 2026, led primarily by retail demand.
For more updates on upcoming public issues, check our comprehensive IPO calendar.
Financial Performance and Peer Comparison
AceVector has recorded a yearly revenue expansion rate of 25% to 29% over the last three financial years. However, the company continues to operate with net losses. The restated consolidated financial performance is detailed below:
The financial trend chart highlights a steady growth in total income from ₹384.74 Cr in FY24 to ₹537.67 Cr in FY26, alongside a narrowing net loss from ₹126.31 Cr in FY25 to ₹45.51 Cr in FY26.
The table below compares AceVector's key accounting ratios with its listed industry peers as of 31 Mar 2026:
| Company Name | EPS (Basic) (₹) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| AceVector | -1.32 | 2.21 | Negative | -59.54% | Not Stated |
| FSN E-Commerce Ventures | 0.70 | 5.00 | 462.50 | +13.87% | 64.60 |
| Brainbees Solutions | -2.90 | 90.71 | Negative | -2.91% | 1.88 |
| Meesho | -3.11 | 9.25 | Negative | -30.95% | 23.00 |
To compare this with other new-age tech and green energy offerings, read about the German Green Steel IPO: Dates, Price Band, Lot Size, Issue Size and Company Details or the fintech space with Moneyview IPO: Dates, Price Band and Key Details.
Objects of the Issue and Key Risk Factors
The fresh issue proceeds of ₹287.00 Cr (gross) will be allocated toward the following key objectives:
- Funding a portion of the marketing and business promotion expenses of the Marketplace business (₹132.00 Cr).
- Funding the technology infrastructure costs of the Marketplace business (₹50.00 Cr).
- Funding inorganic growth through acquisitions and general corporate purposes (remaining balance).
Prospective investors should carefully evaluate the following internal risk factors highlighted in the company's Red Herring Prospectus (RHP):
- Persistent Losses: The company has incurred restated losses of ₹45.51 Cr, ₹126.31 Cr, and ₹51.30 Cr in the financial years ended 31 Mar 2026, 2025, and 2024 respectively. It may continue to incur losses if it cannot manage expenses effectively.
- Negative Operating Cash Flows: AceVector recorded net cash outflows used in operating activities during the financial year ended 31 Mar 2026.
- Subsidiary Control Risk: The company currently holds 26.13% of the issued and paid-up equity share capital of its material subsidiary, Unicommerce eSolutions Limited. Any potential loss of control could adversely affect its financial condition.
- High Competition: The e-commerce industry in India is highly competitive and rapidly changing, which could impact user acquisition and retention.
- Technology and Data Security: The business relies heavily on its digital infrastructure. Any data breach or failure in its third-party cloud systems could harm operations.
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Frequently Asked Questions
What is the price band and lot size for the AceVector IPO?
The price band is set between ₹30 and ₹32 per equity share. The minimum lot size is 468 shares, which requires a minimum retail investment of ₹14,976.
When does the AceVector IPO open and close for subscription?
The public subscription window opens on 25 Sep 2026 and closes on 29 Sep 2026. The anchor investor bidding took place on 24 Sep 2026.
What is the current subscription status of the IPO?
As of 11:37 AM on 25 Sep 2026, the issue is subscribed 0.24x overall, with the retail category subscribed at 0.65x and the Non-Institutional Investors (NII) category at 0.44x.
How does the company plan to use the fresh issue proceeds?
Out of the ₹287.00 Cr fresh issue, the company plans to allocate ₹132.00 Cr for marketing and business promotion, ₹50.00 Cr for technology infrastructure, and the remainder for inorganic growth and general corporate purposes.
Should I apply for the AceVector IPO?
We do not make that call. BuyUnlistedShares provides factual, document-backed information for educational purposes and does not offer investment advice, buy/sell recommendations, or listing-gain predictions. Investors should consult their financial advisors before bidding.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
