AceVector, Snapdeal's parent, opens ₹420 crore IPO at ₹30-32 a share
The public offer runs from 25 to 29 September 2026, with a ₹287 crore fresh issue and a ₹133 crore offer for sale. Price band, lot size, objects of the issue and the risk factors the company lists, in one place.
AceVector Limited, the parent of the Snapdeal marketplace, opened its initial public offering on 25 September 2026. Bidding closes on 29 September, and the price band is ₹30 to ₹32 per equity share of face value ₹1. Anchor investors bid on 24 September.
Key facts
| Item | Detail |
|---|---|
| Bidding period | 25 to 29 September 2026 |
| Price band | ₹30 to ₹32 per share |
| Lot size | 468 shares (₹14,976 at the upper end) |
| Total issue size | About ₹420 crore at the upper end |
| Fresh issue | Up to ₹287 crore (8,96,87,500 shares) |
| Offer for sale | Up to ₹133 crore (4,15,62,500 shares) |
| Reserved for QIBs / NIIs / retail | At least 75% / up to 15% / up to 10% |
| Lead managers | IIFL Capital Services, CLSA India, Systematix Corporate Services |
| Registrar | MUFG Intime India |
| Expected allotment | 30 September 2026 |
| Proposed listing | BSE and NSE, expected 5 October 2026 |
Who is selling
The offer for sale comes from 13 existing shareholders named in the red herring prospectus: Starfish I Pte. Ltd. (a promoter, held by SoftBank Group), Nexus India Direct Investments II, Nexus Opportunity Fund, Nexus Ventures III, FIH Business Global, Rupen Investment and Industries, Centaurus Trading and Investments, and the individuals Kenneth Stuart Glass, Jason Ashok Kothari, Misha Kohli, Laurent Bernard Amouyal, Radhika Gupta and Nalin Luis Moniz. The company receives nothing from the offer for sale.
Objects of the fresh issue
The red herring prospectus says the net proceeds of the fresh issue (gross proceeds less offer expenses) are proposed to be used as follows:
- ₹132 crore to fund part of the marketing and business promotion expense of the Snapdeal marketplace business.
- ₹50 crore for technology infrastructure costs of the marketplace business.
- The balance for inorganic growth through acquisitions not yet identified, and general corporate purposes.
Before the offer, the company raised ₹13 crore in a pre-IPO placement. That amount was deducted from the fresh issue and is to be used for general corporate purposes.
Risk factors listed
The abridged prospectus sets out the top ten internal risk factors from the red herring prospectus. They include:
- Restated losses in each of the financial years 2024, 2025 and 2026, and the possibility of further losses.
- Net cash used in operating activities in each of those years.
- A significant portion of revenue from operations coming from Snapdeal (57.54% in FY2026), and the risk that acquiring and retaining users, clients and customers proves more costly than expected.
- Intense competition in the industry.
- Potential loss of control over Unicommerce, a material subsidiary in which AceVector holds 26.13%.
- Security breaches and cyber-attacks on its own and its providers’ technology infrastructure.
Basis of these figures
Dates, share counts, reservation, intermediaries, selling shareholders, objects and risk factors are taken from AceVector’s red herring prospectus dated 21 September 2026 and its abridged prospectus. The prospectus leaves the price band and lot size blank, so those two figures come from the company’s price-band announcement as carried by INDIA IPO, a wire report on TradingView, Chittorgarh and Kotak Neo. Read the prospectus itself for the full terms. This article reports the issue’s terms only. It carries no view on whether to apply and no unofficial pre-listing price data.