Snapdeal’s Parent Company AceVector Gets SEBI Approval for IPO Filing

AceVector, the parent company of the e-commerce platform Snapdeal, has received approval from the Securities and Exchange Board of India (SEBI) for its pre-filing draft red herring prospectus (DRHP), paving the way for its upcoming initial public offering (IPO). 

Earlier in July 2025, AceVector filed a confidential DRHP with SEBI as part of its IPO preparation. Today, on November 11, 2025, SEBI issued observations on the pre-filing document, giving the regulatory go-ahead to proceed with the IPO. 

IPO Details

While the IPO size and price band are yet to be finalised, early estimates suggest the upcoming IPO will involve a fresh issue of equity shares to raise around ₹500 crore, along with a possible offer-for-sale (OFS) component by existing shareholders.

The IPO size, price band, and lot size will be determined closer to the public issue, in consultation with the book-running lead managers. 

The company is likely to utilise the proceeds from the fresh issue for:

• Expansion of technology and logistics infrastructure.
• Funding working-capital requirements.
• General corporate purposes.
• Potential strategic acquisitions.

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Listing and Registrar Details

As per the DRHP, the equity shares of AceVector Limited are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) after receiving final SEBI and exchange approvals. 

Axis Capital Limited, BofA Securities India Limited, CLSA India Private Limited and JM Financial Limited are the book-running lead managers for the IPO. Link Intime India Private Limited will be the registrar for the IPO. 

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About AceVector Limited

Founded by Kunal Bahl and Rohit Bansal, AceVector Limited is the holding company of Snapdeal, one of India’s leading value-focused e-commerce marketplaces.

Over the years, the company has expanded its operations into related digital businesses, including:

• Unicommerce Esolutions Limited, a SaaS-based e-commerce management and fulfilment platform.
• Stellaro Brands Private Limited, is a consumer brand-building vertical catering to value-driven product categories.

AceVector focuses on serving price-sensitive, non-metro consumers, offering lifestyle, home, and electronics products at affordable price points.

About Snapdeal

Snapdeal, launched in 2010, is one of India’s early e-commerce platforms, catering primarily to the value segment. The company positions itself as an affordable online shopping destination for aspirational middle-class customers across tier-2 and tier-3 cities.

Snapdeal competes with major players such as Flipkart, Amazon India, and Meesho, but differentiates itself by focusing on unbranded, value-driven products.

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