Snapdeal IPO Day 2: Subscription Status, Timeline & Key Issue Details
Acevector, the parent company of Snapdeal, entered its second day of public subscription today, September 28, 2026. The ₹420.00 crore IPO is priced at ₹30 to ₹32 per share, and as of 10:10 AM on Day 2, the issue had been subscribed 0.30 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 2 Subscription Status
[September 28, 2026, 10:10 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.52x |
|
Retail Individual Investors (RIIs) |
0.81x |
|
Total |
0.30x |
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 a digital commerce ecosystem through its subsidiaries, offering AI and technology-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 solutions for e-commerce businesses.
The company also owns Stellaro Brands, a portfolio of value-oriented 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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