- POSITIVE
Annual Revenue AceVector Mar-2025 Annual Revenue is Rs 336 Cr which is growth of 16.4% YoY.
- NEGATIVE
Annual Net Profit AceVector Mar-2025 Annual Net Profit is Rs -42 Cr which is growth of -72.0% YoY.
AceVector Ltd. IPO Details
AceVector was incorporated on September 12, 2007. The company and its subsidiaries operate an asset-light digital commerce ecosystem covering value e-commerce, e-commerce enablement SaaS, and consumer brands. This includes Snapdeal (a value-focused marketplace), Unicommerce (end-to-end e-commerce SaaS), and Stellaro Brands (omnichannel consumer retail), collectively serving B2C and B2B segments across online and offline channels
| Bidding Dates |
|---|
| 25 Sep 2026 - 29 Sep 2026 |
| Subscription |
|---|
| 4.93x Oversubscribed |
| Check Allotment Status |
|---|
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,040 | 1 | 13 | 468 | 131.3 M | ₹30 - ₹32 | 49.96 % | ₹3,937.5 M - ₹4,200.0 M | RHP DOC |
AceVector IPO SUBSCRIPTION STATUS
29 Sep '26Total4.93x
Retail Individual Investor4.62x
HNI (NII) Investors8.16x
Qualified Institutional Buyers3.38x
AceVector IPO overall subscription rate was 4.93 times the total available shares
AceVector IPO retail subscription rate was 4.62 times in the retail segment
AceVector IPO non-institutional investor subscription rate was 8.16 times in the non-institutional investor category
AceVector IPO Qualified Institutional Bidder subscription rate was 3.38 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
29 Sep 2026 (Day 4) | 4.62x | 8.16x | 3.38x |
28 Sep 2026 (Day 3) | 1.36x | 1.25x | 1.03x |
25 Sep 2026 (Day 2) | 0.62x | 0.42x | 0x |
AceVector FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) |
| FY26 | 510.4 | -45.5 | -1.8 | -4.8 |
| FY25 | 395.0 | -126.3 | -27.3 | -28.5 |
| FY24 | 379.8 | -51.3 | -54.8 | -55.7 |
AceVector IPO SUBSCRIPTION STATUS DETAILS
AceVector has 131.3 M shares on offer
AceVector IPO offer price is in the range ₹30 - ₹32
AceVector IPO minimum Investment is ₹14040
AceVector IPO issue size is ₹ 3,937.5 M - ₹ 4,200.0 M
AceVector has a minimum lot size of 468 Shares per application
AceVector NUMBER OF SHARES ON OFFER
Total131.3 M
Fresh Issue89.7 M
Offer for Sale41.6 M
Post Issue Promoter Holding %49.96 %
AceVector IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2026 |
| Issue close Date | 29 Sep 2026 |
| Allotment Date | 30 Sep 2026 |
| Refund Date | 01 Oct 2026 |
| Demat Account Credit Date | 01 Oct 2026 |
| Listing Date | 05 Oct 2026 |
| Listing on Exchange(s) | NSE and BSE |
| AceVector Allotment Status | Exchange/ Registrar |
AceVector IPO subscription opens on 25 Sep 2026, and closes on 29 Sep 2026
IPO allotment for AceVector is expected to be finalized on Wednesday, 30 Sep 2026
IPO listing for AceVector will be on NSE and BSE on Monday, 05 Oct 2026
AceVector Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AceVector Ltd. | 32 | 1741.4 | -28.7 | 0.5 | 3.2 | -59.5 | -10.6 | 537.7 | 32.2 | -60.8 | 56.4 | -1.1 | -56.4 |
| Eternal Ltd. | 313.9 | 302924.5 | 699.6 | 15.6 | 4.5 | 1.2 | 0.9 | 55760 | 161.5 | 366 | -30.6 | 0.4 | 44.8 |
| Meesho Ltd. | 218.7 | 101221.1 | -84.3 | 7.3 | -31 | -17.2 | 13099.1 | 32.3 | -1357.7 | 65.6 | -2.6 | ||
| FSN E-Commerce Ventures Ltd. | 325 | 93075.3 | 363.4 | 1.6 | 8.7 | 13.9 | 4.3 | 10055.1 | 26.1 | 199.4 | 201.8 | 0.9 | 221.1 |
| Info Edge (India) Ltd. | 1200 | 77810.5 | 48.6 | 0.9 | 23.1 | 3.8 | 3 | 4343.3 | 10.7 | 1449.8 | 50.7 | 24.7 | 56 |
| Swiggy Ltd. | 238 | 65695.5 | -17.5 | 14.4 | 2.6 | -22.7 | -16.4 | 23561 | 50.8 | -4154 | -33.3 | -13.6 | -1.2 |
Annual
Balance Sheet
Ratios
Cash Flow
AceVector annual results: revenue, profit, P&L, and margins as of Mar 2025 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|
-13.8% | 336.4 | 289 | 298.2 | 524.5 | ||
Operating Exp. Ann. | -28.2% | 315.7 | 304.8 | 580.9 | 854.2 | |
Operating Profit Ann. | - | -65.8 | -51.9 | -301.4 | -375.1 | |
OPM Ann. % | - | -19.56% | -17.96% | -101.07% | -71.51% | |
-28.4% | 320.5 | 313.3 | 592.8 | 874.5 | ||
EBITDA Ann. | - | 20.8 | -15.8 | -282.7 | -329.7 | |
EBITDA Ann. margin % | - | 6.17% | -5.48% | -94.78% | -62.87% | |
Interest Ann. | 22.9% | 1.3 | 3.9 | 1.1 | 0.7 | |
Depr. | -43.7% | 3.5 | 4.6 | 10.8 | 19.6 | |
PBT Ann. | - | -41.9 | -24.4 | -274.6 | -350.1 | |
Tax Ann. | - | |||||
- | -41.9 | -24.4 | -274.6 | -350.1 | ||
Net Profit Ann. | - | -41.9 | -24.4 | -274.6 | -350.1 | |
NPM Ann. % | - | -16.77% | -9.63% | -98.24% | -73.06% | |
EPS Adj. latest Ann. | - | -0.8 | -0.5 | -5.1 | -6.4 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
16.4%
2Y CAGR
6.2%
3Y CAGR
-13.8%
Operating Exp. Ann.
1Y CHG
3.6%
2Y CAGR
-26.3%
3Y CAGR
-28.2%
AceVector IPO Reports
AceVector INFORMATION ON IPO ISSUE
About AceVector
AceVector was incorporated on September 12, 2007. The company and its subsidiaries operate an asset-light digital commerce ecosystem covering value e-commerce, e-commerce enablement SaaS, and consumer brands. This includes Snapdeal (a value-focused marketplace), Unicommerce (end-to-end e-commerce SaaS), and Stellaro Brands (omnichannel consumer retail), collectively serving B2C and B2B segments across online and offline channels
Object of the Issue
- 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 and general corporate purposes
AceVector - PROMOTERS
| Name |
|---|
| Kunal Bahl |
| Rohit Kumar Bansal |
| Starfish I Pte. Ltd. |
AceVector - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Kasaragod Ullas Kamath | Chairperson & Independent Director |
| Kunal Bahl | Joint Managing Director |
| Rohit Kumar Bansal | Joint Managing Director |
| Simran Khara | Independent Director |
| Akhil Kumar Gupta | Non-Executive Director |
| Sairee Chahal | Independent Director |
AceVector Book Running Lead Manager
IIFL Capital Services Limited
acevector.ipo@iiflcap.com
CLSA India Private Limited
acevector.ipo@clsa.com
AceVector Registrar to the Offer
MUFG Intime India Private Limited
acevector.ipo@in.mpms.mufg.com
AceVector Strengths
Diversified ecosystem
The company’s integrated platforms create a unique ecosystem spanning transactions, infrastructure, and owned brands, enabling affordable products for shoppers, growth for SME sellers, and scalability for brands. Its synergistic, asset-light model with shared capabilities and diversified revenue streams supports rapid expansion across B2C and B2B opportunities
Strength
Integrated digital commerce ecosystem
The company runs a digital commerce ecosystem through Snapdeal, Unicommerce, and Stellaro Brands, scaling each business by integrating complementary assets and strategic acquisitions. Its 2015 acquisition of Unicommerce enabled the platform to grow steadily with strong strategic support, broader partnerships, and disciplined expansion of its proprietary Uniware system
Strength
Diversified lifestyle products
The company's seller ecosystem is built around small and medium merchants who understand value-conscious consumers and offer quality products at attractive prices. Their regional insight, combined with AI-driven personalization, enables well-curated, relevant product listings for diverse customer needs
Strength
AceVector Risks
Competition
The company operates in a highly competitive, fast-evolving market where shifting technology and consumer behaviour make it harder to attract and retain users. With many alternative channels for buyers and sellers, competition is intensifying across both online and offline retail, which may impact the company’s growth and margins
Risk
Expansion risks
The company’s rapid evolution from a coupon business to a multi-engine digital commerce ecosystem has increased operational complexity and pressure on resources. If it cannot manage this growth or effectively train and integrate its workforce, its business and future prospects may be negatively affected
Risk
Risks of technological errors
The company’s growth depends on maintaining strong, scalable technology, as any service interruptions or system errors could reduce traffic, transactions, and user trust. Although no major disruptions have occurred so far, future interruptions could harm its reputation and business performance
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 133.0 crore, of 41,562,500 shares. It also consists of a fresh issue of Rs 287.0 crore.
The promoters of the company are Kunal Bahl, Rohit Kumar Bansal and Starfish I Pte. Ltd..
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 30.0 - 32.0.
The IPO application opens on Sep 25, 2026 and closes on Sep 29, 2026.
The minimum lot size for the IPO is 468. The maximum lot size for the IPO is 6084.
For all category investors, the minimum application amount for this IPO is Rs. 14,040.0, the maximum value for this IPO is Rs 194,688.0.
This IPO will be allotted on Sep 30, 2026.
The refund will be credited to your account on Oct 01, 2026.
The allotted shares will be credited to your demat on Oct 01, 2026.
AceVector Ltd.’s shares will list on the stock exchanges on Oct 05, 2026.