Mainboard
IPO ·
NSE, BSE
Acevector Ltd
Listed
Parent of the Snapdeal value e-commerce marketplace, plus e-commerce SaaS tools and consumer brands.
Issue details
Price band
₹30 – ₹32
Face value
₹1
Lot size
468 shares
Minimum investment
₹14,976
Issue size
₹420 Cr
Fresh issue
₹287 Cr
Offer for sale
₹133 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
25 Sep 2026
Closes
29 Sep 2026
UPI mandate cut-off
5:00 PM on 29 Sep 2026
Allotment
30 Sep 2026
Refunds
1 Oct 2026
Shares in demat
1 Oct 2026
Listing
5 Oct 2026
Subscription and listing
Subscription
5.07x
Listing price
₹28.32
Registrar
MUFG Intime India Pvt Ltd
Lead manager
IIFL Capital Services, CLSA India, Systematix Corporate Services
Subscription by category
QIB (Ex Anchor)
3.42x
NII
8.53x
bNII (> ₹10L)
9.33x
sNII (< ₹10L)
6.94x
Retail
4.83x
Total
5.07x
Total applications
1,30,914
Anchor investors
Amount raised
₹189.00 Cr
Bid date
24 Sep 2026
50% lock-in ends
29 Oct 2026
Rest lock-in ends
28 Dec 2026
Listing day
Issue price
₹32
Open
₹28.32
High
₹28.75
Low
₹23.37
Day close
₹26.08
Listing gain at open
-11.50%
Issue structure
Shares reserved per category and share of the total issue
QIB
9,84,37,500
75.00%
Anchor Investor
5,90,62,500
45.00%
QIB (Ex. Anchor)
3,93,75,000
30.00%
NII
1,96,87,500
15.00%
bNII > ₹10L
1,31,25,000
10.00%
sNII < ₹10L
65,62,500
5.00%
Retail
1,31,25,000
10.00%
Total
13,12,50,000
100.00%
Finaccle’s quick read
Avoid
Still loss-making with FY26 PAT of -₹45.51 Cr and RoNW of -59.54%, priced at a P/B of 14.48 with ₹133 Cr of the ₹420 Cr issue as OFS.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Acevector is the holding company behind the Snapdeal value e-commerce marketplace, and it runs an asset-light digital commerce group through its subsidiaries. Besides Snapdeal, it owns e-commerce enablement SaaS businesses (Unicommerce's Uniware, Convertway, Shipway) and Stellaro Brands, an omnichannel value consumer brand house. It served customers across nearly 19,000 pin codes in FY26 and earned total income of about ₹538 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
—
ROCE
—
Debt / equity
—
PAT margin
—
P/E post issue
-ve
Market cap
₹1,741.40 Cr
Use of IPO money
Marketing and business promotion
₹132.00 Cr
Technology infrastructure
₹50.00 Cr
Inorganic growth and general corporate purposes
₹70.92 Cr
Issue expenses
₹49.86 Cr
Strengths
✓
Diversified mix of marketplace, SaaS and consumer brands
✓
Revenue up 32% in FY26 with losses narrowing
✓
Proprietary technology stack and acquisition track record
✓
Backed by experienced founders and marquee investors
Risks to watch
!
Loss-making in every period shown (FY26 PAT -₹45.51 Cr)
!
About 32% of the issue is OFS (₹133 Cr of ₹420 Cr)
!
P/B of 14.48 is a steep valuation for a loss-maker
!
Large share of proceeds goes to marketing spend
!
Intense competition in value e-commerce
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.