AceVector (Snapdeal) IPO: dates, price band, lot size and GMP
AceVector (Snapdeal) IPO listed on 5 Oct at ₹28.32 (NSE, BSE). Issue dates 25 – 29 Sep 2026, price band ₹30 – ₹32, lot 468 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Updated 6 Oct 2026, 14:03 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the AceVector (Snapdeal) IPO has a price band of ₹30 – ₹32, a lot of 468 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 25 – 29 Sep 2026 |
| Price band | ₹30 – ₹32 |
| Lot size | 468 shares |
| Issue size | ₹420.00 Cr |
| Fresh issue | ₹287 Cr |
| Offer for sale | ₹133 Cr |
| Subscription | 5.07x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | IIFL Capital Services Ltd., CLSA India Pvt.Ltd., Systematix Corporate Services Ltd. |
| Status | Listed |
Timeline
- Issue opens: 25 Sep
- Issue closes: 29 Sep
- Allotment: 30 Sep
- Refunds: 1 Oct
- Demat credit: 1 Oct
- Listing: 5 Oct
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 3.42x |
| NII | 8.53x |
| sNII | 6.94x |
| bNII | 9.33x |
| Retail | 4.83x |
| Total | 5.07x |
Last updated 29 Sep 2026, 6:54 PM IST.
Issue details
| Face value | ₹1 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹1,741.4 Cr |
| P/E (pre-issue) | −32x |
| P/E (post-issue) | −38.1x |
| Fresh issue (shares) | 8,96,87,500 |
| Offer for sale (shares) | 4,15,62,500 |
| Total shares offered | 13,12,50,000 |
| Promoter holding pre-issue | 64.11% |
| Promoter holding post-issue | 49.96% |
| Promoters | Kunal Bahl, Rohit Kumar Bansal, Starfish I Pte.Ltd. |
| Lead managers | IIFL Capital Services Ltd., CLSA India Pvt.Ltd., Systematix Corporate Services Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | acevector.ipo@in.mpms.mufg.com |
| Company website | acevector.com |
| Anchor bid date | 24 Sep 2026 |
| Anchor lock-in ends (50%) | 30 Oct 2026 |
| Anchor lock-in ends (remaining) | 29 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 468 | ₹14,976 |
| Retail (maximum) | 14 | 6,552 | ₹2,09,664 |
| sNII (minimum) | 14 | 6,552 | ₹2,09,664 |
| bNII (minimum) | 67 | 31,356 | ₹10,03,392 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 45% | 5,90,62,500 | |
| QIB | 30% | 3,93,75,000 | Not less than 75% of the Offer |
| NII (HNI) | 15% | 1,96,87,500 | Not more than 15% of the Offer |
| sNII | 5% | 65,62,500 | |
| bNII | 10% | 1,31,25,000 | |
| Retail | 10% | 1,31,25,000 | Not more than 10% of the Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 25 Sep | 0.00x | 0.44x | 0.74x | 0.29x | 0.65x | 0.24x |
| Day 2 · 28 Sep | 1.05x | 1.31x | 1.50x | 1.21x | 1.43x | 1.19x |
| Day 3 · 29 Sep | 3.42x | 8.53x | 6.94x | 9.33x | 4.83x | 5.07x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹−1 |
|---|---|
| EPS (post-issue) | ₹−0.84 |
| P/E (pre-issue) | −32x |
| P/E (post-issue) | −38.1x |
| RoNW | −59.54% |
| Price / book | 14.48x |
| NAV per share | ₹2.21 |
| Market cap (upper band) | ₹1,741.4 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 575.28 | 558.09 | 410.5 | +3.1% |
| Total Income | 537.67 | 406.77 | 384.74 | +32.2% |
| Profit After Tax | −45.51 | −126.31 | −51.3 | +64% |
| EBITDA | −22.17 | −107.79 | −35.77 | +79.4% |
| NET Worth | 102.08 | 126.33 | −142.09 | −19.2% |
| Reserves and Surplus | 56.99 | 86.59 | −181.83 | −34.2% |
| Total Borrowing | — | 0.45 | — | — |
About AceVector (Snapdeal)
Acevector Ltd. operates a technology-led, asset-light digital commerce platform through its subsidiaries, with business interests spanning e-commerce marketplaces, software-as-a-service (SaaS) solutions, and consumer-focused brands. The company leverages data analytics, technology, and artificial intelligence to drive growth across its ecosystem.
Its business ecosystem consists of three key verticals:
During the six months ended September 30, 2025, Snapdeal served customers across 18,773 pin codes nationwide, with a significant presence in Tier II, Tier III, and smaller cities. The platform primarily targets middle-income and value-seeking consumers, addressing a large and growing segment of India's value e-commerce market.
Snapdeal has consistently maintained strong customer satisfaction levels, with average product ratings of 4.0 or above on a 5-point scale over the last three financial years, as well as during the six-month periods ended September 30, 2025, and September 30, 2024. This reflects the platform's focus on offering quality products at competitive price points.
Objects of the issue
- Funding a portion of the marketing and business promotion expense of the Marketplace business of Company — ₹132 Cr
- Funding the technology infrastructure costs of the Marketplace business of Company — ₹50 Cr
- Funding inorganic growth through acquisitions and general corporate purpose — ₹70.92 Cr
- Issue Expenses — ₹49.86 Cr
Net proceeds: ₹302.78 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| AceVector (issuer) | −1.32 | −1.32 | 2.21 | — | −59.54% | — | — |
| FSN E-Commerce Ventures | 0.7 | 0.7 | 5 | 462.5x | 13.87% | 64.6 | — |
| Brainbees Solutions | −2.9 | −2.9 | 90.71 | — | −2.91% | 1.88 | — |
| Meesho | −3.11 | −3.11 | 9.25 | — | −30.95% | 23 | — |
Notes: (1) For listed peers: All the financial information for listed industry peer mentioned above is on a consolidated basis. The financial information is sourced from the annual reports / financial results as available of the respective company for the year ended March 31, 2026 submitted to stock exchanges. P/E Ratio has been computed based on the closing market price of equity shares on NSE as on Sep 17, 2026, divided by the Diluted EPS.
Strengths (per the offer document)
- Flywheel of our Digital Commerce Ecosystem — We support each of our businesses through a set of well-defined synergy levers.
- Leading value-focused e-commerce marketplace purpose built for value shoppers — Snapdeal is among the top two pure-play value marketplace platforms in India in terms of revenue for Financial Year 2026, Financial Year 2025 and Financial Year 2024 which stood at ₹ 2,936.75…
- Proprietary technology stack powering discovery-led, personalised shopping experience — Over the years we have invested in enhancing the Snapdeal platform and ensuring that Snapdeal’s platform user interface is optimised for mobile devices, with 99.72% of our delivered units for the…
- Shipway, a full-service courier aggregation and logistics automation platform
- Robust governance practices, experienced management and marquee investors — Our long-term stability and business resilience is an outcome of strong governance practices, professional management across businesses, and the support of reputed institutional investors and an…
Risk factors (as disclosed by the company)
- We have incurred restated loss of ₹455.06 million, ₹1,263.06 million and₹512.97 million in the Financial Years ended March 31, 2026, 2025 and 2024 respectively — Our ability to operate profitably depends upon a number of factors, some of which are beyond our control.
- We have had net cash flows used in operating activities for the Financial Years 2026 — We have had net cash flows used in operating and financing activities in the aforementioned years.
- We operate in a highly competitive industry and our failure to compete effectively could have a negative impact on the success of our business and/or impact… — Our market is highly competitive and characterised by rapid changes in technology and consumer sentiment.
- If we are unable to manage our growth or execute our strategies effectively, our business plan and expansion may not be successful — Since we started our Snapdeal platform in 2010, we have evolved from a coupon booklet business to a digital commerce ecosystem consisting of a triple engine of data-driven technology businesses of…
- Our business depends on the growth of the e-commerce industry in India and our ability to effectively respond to changing user behaviour on digital platforms — A significant portion of our revenue is generated through (a) Snapdeal: a value-focused B2C e-commerce marketplace, and (b) Unicommerce: an e-commerce enablement software as a solution (SaaS), both…
- Potential loss of control over Unicommerce could adversely affect our business, financial condition, and results of — We currently hold 26.13% of the issued and paid-up equity share capital of Unicommerce eSolutions Limited, our material subsidiary.
- Our technology infrastructure and the technology infrastructure of our third-party providers (including our cloud infrastructure service providers)… — Our business generates, stores and processes a large quantity of personal, transaction, demographic and behavioural information and data in compliance with applicable laws, rules and regulations in…
- Our use of "open source" software could adversely affect our ability to offer our products and services and subject us to possible litigation — We have in the past incorporated and may in the future incorporate certain “open source” software into our code base as we continue to develop our platform and services.
From the RHP (strengths pages 225–233, risk factors pages 27–36). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- AceVector (Snapdeal) IPO GMP today and trend
- AceVector (Snapdeal) IPO subscription status, day by day
- AceVector (Snapdeal) IPO allotment status and how to check
Frequently asked questions
When does the AceVector (Snapdeal) IPO open and close?
The issue is scheduled for 25 – 29 Sep 2026.
What is the AceVector (Snapdeal) IPO price band?
The price band is ₹30 – ₹32 per share with a lot size of 468 shares.
How big is the AceVector (Snapdeal) IPO?
The total issue size is ₹420.00 Cr, of which ₹287 Cr is a fresh issue and ₹133 Cr an offer for sale.
When will AceVector (Snapdeal) list?
The tentative listing date is 5 Oct on the main board.
How do I apply for the AceVector (Snapdeal) IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), AceVector (Snapdeal) · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), AceVector (Snapdeal) · as filed · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 30 Sep · in.mpms.mufg.com
- NSE public issues page · listing 5 Oct · nseindia.com
- BSE public issues page · listing 5 Oct · bseindia.com
- AceVector (Snapdeal) company website · acevector.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 5 Oct, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “AceVector (Snapdeal) IPO”, https://buyunlistedshares.com/ipo/acevector-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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