Acevector Shares List at 11.50% Discount on NSE
Acevector, the parent company of Snapdeal, made a weak stock market debut on Monday, October 5, 2026. Its shares opened at ₹28.32 on the NSE, an 11.50% discount to the IPO issue price of ₹32. On the BSE, the stock started trading at ₹28.30, marking an 11.56% discount.
The ₹420 crore IPO was open for subscription from September 25 to September 29, 2026. The issue received moderate investor interest and closed with an overall subscription of 4.93 times.
Acevector IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹420.00 crore
- Fresh Issue: Up to ₹287.00 crore
- Offer for Sale (OFS): Up to ₹133.00 crore
- Face Value: ₹1 per equity share
- Price Band: ₹30 to ₹32 per share
- Lot Size: 468 shares
- Minimum Investment Amount (Retail Investor): ₹14,976 (468 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: IIFL Capital Services Limited, CLSA India Private Limited, Systematix Corporate Services Limited
- Registrar: MUFG Intime India Private Limited
Explore other Upcoming IPOs on BSE and NSE.
Acevector IPO Overall Subscription Status
[September 29, 2026, 7:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
3.38x |
|
Non-Institutional Investors (NIIs) |
8.16x |
|
Retail Individual Investors (RIIs) |
4.62x |
|
Total |
4.93x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding a portion of the marketing and business promotion expense of the Marketplace business of the company
- Funding the technology infrastructure costs of the Marketplace business of the company
- Funding inorganic growth through acquisitions
- General corporate purposes.
About Acevector Limited
Established in 2007, Acevector Limited runs a digital commerce ecosystem through its subsidiaries, offering technology and AI-driven solutions across e-commerce, SaaS and consumer brands. Its businesses include Snapdeal, a value-focused online marketplace, along with Uniware, Convertway and Shipway, which provide software and technology solutions for e-commerce businesses.
The company also operates Stellaro Brands, a portfolio of value-focused consumer brands. In FY2026, Snapdeal served customers across 18,972 PIN codes in India, with a significant presence in Tier 2 and smaller cities.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
510.38 |
395.02 |
379.76 |
|
EBITDA |
(15.94) |
(39.16) |
(26.52) |
|
Loss for the year |
(45.51) |
(126.31) |
(51.30) |
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