Acevector, the parent company of Snapdeal, opened its ₹420 crore IPO for public subscription today, September 25, 2026. The issue is priced at ₹30 to ₹32 per share, and as of 10:06 AM on the first day of bidding, it had been subscribed 0.00 times.

The IPO will remain open until September 29, 2026. The basis of allotment is expected to be finalised on September 30, 2026, while the shares are tentatively scheduled to list on the BSE and NSE on October 5, 2026.

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

AceVector IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	25 September 2026
Subscription Closing Date	29 September 2026
Basis of Allotment Date	30 September 2026
Refund Initiation Date	1 October 2026
Credit of Shares	1 October 2026
Listing on BSE and NSE	5 October 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

AceVector IPO Day 1 Subscription Status

[September 25, 2026, 10:06 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.00x
Non-Institutional Investors (NIIs)	0.00x
Retail Individual Investors (RIIs)	0.01x
Total	0.00x

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

Incorporated in 2007, AceVector Limited operates an asset-light digital commerce ecosystem through its subsidiaries, combining data, technology, and AI-driven business solutions. Its operations span a value-focused e-commerce marketplace, e-commerce enablement SaaS platforms, and omnichannel consumer brands.

The company's ecosystem includes Snapdeal, an online marketplace for affordable lifestyle products; Uniware, Convertway, and Shipway, which provide end-to-end software solutions for e-commerce businesses; and Stellaro Brands, a portfolio of value-focused consumer brands. In FY2026, Snapdeal served customers across 18,972 pin codes in India, with a strong presence among value-conscious shoppers 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)