Acevector IPO
- Price band
- ₹30 – ₹32
- Issue size
- ₹420 Cr
- Min. investment
- ₹14,976
- 468 shares
- GMP
- ₹0.7
- +2.19%
- Subscribed
- 4.93x
- Bidding dates
- 25 – 29 Sep 2026
IPO timeline
- Opens25 SepFri
- Closes29 SepTue
- Allotment30 SepWed
- Refunds · Today1 OctThu
- Demat credit1 OctThu
- Listing5 OctMon
Issue details
- Price band
- ₹30 – ₹32 per share
- Issue size
- ₹420 Cr
- Fresh issue
- Not available
- Offer for sale
- Not available
- Issue type
- Fresh capital cum OFS
- Face value
- ₹1 per share
- Lot size
- 468 shares
- Minimum investment
- ₹14,976
- Listing on
- BSE, NSE
- Exchange code
- 8002
This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 468 | ₹14,976 |
| Retail (Max) | 13 | 6,084 | ₹1,94,688 |
| S-HNI (Min) | 14 | 6,552 | ₹2,09,664 |
| B-HNI (Min) | 67 | 31,356 | ₹10,03,392 |
Reservation
- QIB
- Not less than 75% of the Offer
- Retail
- Not more than 10% of the Offer
- NII
- Not more than 15% of the Offer
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on MUFG Intime India- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 30 Sep 2026
- Refunds initiated
- 1 Oct 2026
- Shares credited to demat
- 1 Oct 2026
- Listing
- 5 Oct 2026
Grey market premium (GMP)
- Current GMP
- ₹0.7
- +2.19%
- Estimated listing price
- ₹32.7
- Issue price ₹32
- Highest
- ₹2
- 24 Sep
- Lowest
- ₹0
- 22 Sep
GMP by day (₹ per share)
Day-wise GMP table
| Date | GMP | Premium | Est. listing |
|---|---|---|---|
| 1 Oct 2026 | ₹0.7 | +2.19% | ₹32.7 |
| 30 Sep 2026 | ₹0.5 | +1.56% | ₹32.5 |
| 29 Sep 2026 | ₹1.1 | +3.44% | ₹33.1 |
| 28 Sep 2026 | ₹2 | +6.25% | ₹34 |
| 27 Sep 2026 | ₹1 | +3.12% | ₹33 |
| 26 Sep 2026 | ₹2 | +6.25% | ₹34 |
| 25 Sep 2026 | ₹2 | +6.25% | ₹34 |
| 24 Sep 2026 | ₹2 | +6.25% | ₹34 |
| 23 Sep 2026 | ₹0 | 0.00% | ₹32 |
| 22 Sep 2026 | ₹0 | 0.00% | ₹32 |
- Subject to sauda
- ₹400 retail · ₹5,600 HNI
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB3.38x
- NII (HNI)8.16x
- Retail4.62x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 3,99,21,876 | 13,48,53,264 | 3.38x |
| Non-Institutional Investors (NII) | 2,05,84,374 | 16,79,37,120 | 8.16x |
| bNII — bids above ₹10 Lakh | 1,37,22,916 | 12,24,01,656 | 8.92x |
| sNII — bids ₹2 Lakh to ₹10 Lakh | 68,61,458 | 4,55,35,464 | 6.64x |
| Retail Individual Investors (RII) | 1,37,22,916 | 6,33,52,692 | 4.62x |
| Total | 7,42,29,166 | 36,61,43,076 | 4.93x |
Financials
- P/E Ratio
- -ve
- EPS (₹)
- -ve
- RoNW
- -59.54%
- NAV (₹)
- 2.21
Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 575.28 | 558.09 | 410.50 |
| Total Income | 537.67 | 406.77 | 384.74 |
| Profit After Tax | -45.51 | -126.31 | -51.30 |
| EBITDA | -22.17 | -107.79 | -35.77 |
| NET Worth | 102.08 | 126.33 | -142.09 |
| Reserves and Surplus | 56.99 | 86.59 | -181.83 |
| Total Borrowing | 0.45 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Acevector This IPO | ₹420 Cr | -ve | -59.54% | — | 4.93x | — |
| SS Retail Mainboard · listed 23 Sep 2026 | ₹500 Cr | 53.2 | 32.60% | 2.52% | 103.3x | +47.17% |
| Purple Style Labs Mainboard · listed 7 Sep 2026 | ₹680 Cr | -ve | -160.33% | -51.16% | 1.29x | -6.96% |
| Rentomojo Mainboard · listed 17 Sep 2026 | ₹1,255.57 Cr | 40.73 | 43.51% | 26.95% | 72.88x | +19.42% |
| Wakefit Innovations Mainboard · listed 12 Dec 2025 | ₹1,288.89 Cr | -162.47x | 6.72 to -7.13% | 35.5% | 2.52x | 0.00% |
| Meesho Mainboard · listed 10 Dec 2025 | ₹5,421.2 Cr | -19.12 | -347% | -41.36% | 79.03x | 0.00% |
| Maharaja & Speedex India SME · listed 18 Sep 2026 | ₹80.13 Cr | — | 68.03% | 5.95% | 30.21x | +34.41% |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About Acevector
Acevector Ltd was started in 2007. It runs what it calls an asset-light digital commerce ecosystem through its subsidiaries, spanning data, technology and AI driven businesses. Asset light means it operates the platforms and brands rather than owning warehouses and inventory at scale. The group has three parts. Snapdeal is a value driven lifestyle e-commerce marketplace selling affordable merchandise across lifestyle categories. Uniware, Convertway and Shipway are software-as-a-service products that help other businesses run their e-commerce operations end to end. Stellaro Brands is an omnichannel portfolio of value focused consumer brands. In FY2026 Snapdeal served customers across 18,972 pin codes in India. Its focus is on middle income, value conscious shoppers in Tier 2 and smaller cities, a segment the company describes as a large and largely untapped part of the value e-commerce market.
Strengths
- Losses have narrowed sharply. The loss after tax came down from Rs 126.31 crore in FY2025 to Rs 45.51 crore in FY2026.
- The operating loss narrowed even faster, with EBITDA improving from minus Rs 107.79 crore to minus Rs 22.17 crore, so the business is close to breaking even at the operating level.
- Sales grew 32% in FY2026, from Rs 406.77 crore to Rs 537.67 crore.
- Net worth has been restored from minus Rs 142.09 crore in FY2024 to a positive Rs 102.08 crore.
- The company carries almost no debt.
- The group is diversified across three different businesses, a marketplace, e-commerce software and consumer brands, rather than depending on the marketplace alone.
- The SaaS products give recurring subscription income, which is steadier than marketplace commissions.
- Snapdeal reaches 18,972 pin codes and targets value conscious buyers in Tier 2 and smaller cities, where the larger platforms are less dominant.
Risks
- The company is still loss-making. It lost Rs 45.51 crore in FY2026, Rs 126.31 crore in FY2025 and Rs 51.30 crore in FY2024, so there is no year of profit to point to.
- There is no P/E to judge the issue on. EPS is negative and return on net worth is minus 59.54%.
- Net asset value is only Rs 2.21 per share against a price band of Rs 30 to Rs 32, so the Rs 1,741.40 crore market capitalisation rests entirely on future profits rather than on what the company owns today.
- Rs 132 crore of the issue money goes into marketing and business promotion for the marketplace. That is a running cost that will have to be spent again, not an asset.
- Value e-commerce is fiercely competitive, with Amazon, Flipkart and Meesho all far better funded and chasing the same buyers.
- Net worth has swung wildly, from minus Rs 142.09 crore to plus Rs 126.33 crore and then down to Rs 102.08 crore, so the capital base is not yet stable.
- Promoter holding falls from 65.9% to 49.96% after the issue, leaving the promoters just below a half share.
- This is a fresh issue combined with an offer for sale, so a part of the money goes to the selling shareholders and not to the company.
Objects of the issue
- Funding a portion of the marketing and business promotion expense of the Marketplace business of Company₹132 Cr
- Funding the technology infrastructure costs of the Marketplace business of Company₹50 Cr
- Funding inorganic growth through acquisitions and general corporate purpose
Promoters and shareholding
Kunal Bahl, Rohit Kumar Bansal and Starfish I Pte.Ltd
- Promoter holding, pre-issue
- 65.9%
- Promoter holding, post-issue
- 49.96%
Registrar, lead managers and documents
Company contact
Mezzanine Floor, A-83, Okhla Industrial Area, Ph-II, Delhi, New Delhi, 110020
+91 1244739850
contact@acevector.comAcevector IPO: common questions
When does the Acevector IPO open and close?
The Acevector IPO opens on 25 Sep 2026 and closes on 29 Sep 2026.
What is the price band of the Acevector IPO?
The price band is ₹30 – ₹32 per share, with a lot size of 468 shares and a minimum investment of ₹14,976.
What is the size of the Acevector IPO?
The issue size is ₹420 Cr (Fresh capital cum OFS).
What is the GMP of the Acevector IPO?
The last reported grey market premium is ₹0.7 per share as of 01 Oct 2026, 05:24 PM IST. GMP is unofficial and changes frequently.
When is the Acevector IPO allotment?
The basis of allotment is expected on 30 Sep 2026. Allotment status can be checked with the registrar, MUFG Intime India Private Limited.
When will the Acevector IPO list?
The shares are expected to list on 5 Oct 2026 on BSE, NSE.
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