AceVector Limited operates a capital-efficient digital commerce ecosystem across three businesses: Snapdeal (value-focused e-commerce marketplace), Unicommerce (e-commerce enablement SaaS), and Stellaro Brands (omnichannel consumer brands).
Snapdeal operates a value-focused lifestyle e-commerce marketplace, serving value-conscious consumers, particularly in Tier 2+ and smaller cities, with affordable lifestyle products supported by data, technology and AI-driven capabilities.
Unicommerce provides e-commerce enablement SaaS solutions through Uniware, Shipway and Convertway, supporting order, inventory, warehouse, logistics and marketing operations for merchants and brands.
Stellaro Brands operates an omnichannel portfolio of value-focused consumer brands, leveraging Snapdeal’s consumer insights, Unicommerce’s technology and AceVector’s shared services.
Together, these businesses form AceVector’s “triple-engine” digital commerce model, supported by dedicated teams, shared infrastructure, technology and strategic oversight.
As of March 31, 2026, AceVector had 332 full-time employees on a standalone basis.
Acevector IPO – Details
| IPO Opening Date | 25 September 2026 |
| IPO Closing Date | 29 September 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 13,12,50,000 Shares Worth ₹420.00 Crore Fresh Issue: 8,96,87,500 Shares Worth ₹287.00 Crore Offer For Sale: 4,15,62,500 Shares Worth ₹133.00 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹30 – ₹32 per share |
| Market Lot | 468 Shares |
| Min Order | 468 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Acevector IPO – Date Schedule
| IPO Open Date | 25 September 2026 |
| IPO Close Date | 29 September 2026 |
| Basis of Allotment | 30 September 2026 |
| Initiation of Refund | 01 October 2026 |
| Credit of Shares to Demat Account | 01 October 2026 |
| IPO Listing Date | 05 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2026 |
Acevector IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 468 | ₹14,976 |
| Retail (Max) | 13 | 6,084 | ₹1,94,688 |
| S-HNI (Min) | 14 | 6,552 | ₹2,09,664 |
| S-HNI (Max) | 66 | 30,888 | ₹9,88,416 |
| B-HNI (Min) | 67 | 31,356 | ₹10,03,392 |
Competitive Strength
- Diversified ecosystem driving organic and inorganic growth across businesses with centralised strategy support.
- Leading value-focused e-commerce marketplace purpose built for value shoppers.
- Robust unit economics with operating leverage in effect, ensuring improved profitability.
- Proprietary technology stack powering discovery-led, personalised shopping experience.
- Ability to identify, acquire, and scale businesses across the e-commerce value chain.
- Robust governance practices, experienced management and marquee investors.
Company Promoters
- Kunal Bahl
- Rohit Kumar Bansal
- Starfish I Pte.Ltd.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹384.74 Cr | ₹427.67 Cr | – ₹51.30 Cr | – |
| 31 March 2025 | ₹406.77 Cr | ₹453.75 Cr | – ₹126.31 Cr | ₹0.45 Cr |
| 31 March 2026 | ₹537.67 Cr | ₹575.22 Cr | – ₹45.51 Cr | – |
Key Performance Indicator
| KPI | Values (June 30, 2026) |
|---|---|
| RoNW | -59.54% |
| NAV | 2.21 |
| Price to Book Value | 14.48 |
| Pre IPO | Post IPO | |
| EPS (₹) | -1.00 | -ve |
| P/E (x) | -32 | -ve |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding a portion of the marketing and business promotion expense of the Marketplace business of Company. | ₹132.00 |
| Funding the technology infrastructure costs of the Marketplace business of Company. | ₹50.00 |
| Funding inorganic growth through acquisitions and general corporate purpose. |
Acevector IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | FSN E-Commerce Ventures Limited | 462.50 |
| 2 | 2 | Brainbees Solutions Limited | NA |
| 3 | 1 | Meesho Limited | NA |
✅Strengths
- Diversified Business Model across marketplace, SaaS and consumer brands.
- Value-Focused Marketplace targeting Tier 2+ and smaller cities.
- Technology-Driven Operations using data, technology and AI.
- SaaS Portfolio covering multiple e-commerce functions.
- Cross-Platform Synergies through shared technology and infrastructure.
⚠️Risks
- History of Losses with losses reported in recent financial years.
- Competitive Market with intense competition in e-commerce.
- Business Complexity across three different business verticals.
- Execution Risk in managing and scaling multiple businesses.
- Negative Cash Flows reported during the periods.
Acevector IPO Promoter Holding
| Pre Issue Share Holding | 65.90% |
| Post Issue Share Holding | 49.96% |
Acevector IPO Prospectus
Company Contact Information
| Acevector Ltd. Mezzanine Floor, A-83, Okhla Industrial Area, Ph-II, Delhi, New Delhi, 110020 Phone: +91 1244739850 Email: contact@acevector.com Website: https://www.acevector.com/ |
Acevector IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: acevector.ipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Acevector IPO Lead Manager(s)
| 1. CLSA India Private Limited 2. IIFL Capital Services Limited 3. Systematix Corporate Services Limited |
Acevector IPO FAQs
| What is the Acevector IPO? Acevector IPO is a main-board IPO. The issue is priced at ₹30 to ₹32 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Acevector IPO open? The IPO is to open on 25 September 2026 for QIB, NII, and Retail Investors. |
| What is Acevector IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| What is the Acevector IPO Size? Acevector IPO size is ₹420.00 Crore. |
| What are the Acevector IPO Minimum and maximum lot sizes for Retail? The minimum bid is 468 Shares with ₹14,976, while the maximum bid is 6084 Shares with ₹1,94,688. |
| What is the Acevector IPO Allotment Date? Acevector IPO allotment date is 30 September 2026. |
| What is the Acevector IPO Listing Date? Acevector IPO listing date is 05 October 2026. The IPO is to be listed on the BSE and the NSE. |
