Updated Oct 2 · 2:16 PM IST

Acevector IPO

Closed · lists Oct 5 MainboardBook BuiltBSE · NSESep 25 – 29, 2026

AceVector (formerly Snapdeal Ltd.), founded in 2007 in New Delhi, runs an asset-light digital-commerce group: Snapdeal, a value-focused lifestyle marketplace serving Tier 2+ towns; Unicommerce (Uniware, Convertway, Shipway) e-commerce enablement SaaS; and Stellaro Brands, a set of value consumer brands.

Price Band
₹30 – 32
per share
Min. Investment
₹14,976
1 lot · 468 shares
Issue Size
₹420 Cr
₹287 Cr fresh + ₹133 Cr OFS
GMP
₹1 UNOFFICIAL
≈3.1% · est. ₹33
Subscription
5.07×
final
Listing
Oct 5
Allotment Sep 30
46/100
High Risk
Why? →
IPO Dates

Acevector IPO Date & Timeline

Tentative schedule from the RHP.

Sep 25
Opens
Sep 29
Closes
Sep 30
Allotment
Oct 1
Refunds
Oct 1
Demat credit
Oct 5
Listing
Grey Market

Acevector IPO GMP Today

Updated Oct 2 · 12:45 PM IST

Unofficial, aggregated from market sources. It never feeds our score.

GMP today
₹1
unchanged since last update
GMP %
3.1%
on upper band ₹32
Est. listing
₹33
₹32 + ₹1
Range
₹0 – 3
since Sep 24
GMP trend 25 updates · Sep 24 – Oct 2
₹0₹1₹2₹3₹4Sep 24, 5:30 PM: ₹2Sep 24, 5:45 PM: ₹2Sep 24, 11:59 PM: ₹2Sep 25, 7:00 AM: ₹2Sep 25, 9:30 AM: ₹2Sep 25, 11:15 AM: ₹3Sep 25, 6:00 PM: ₹2Sep 26, 11:59 PM: ₹2Sep 27, 11:59 PM: ₹1Sep 28, 12:00 PM: ₹1Sep 28, 5:00 PM: ₹1Sep 28, 9:00 PM: ₹1Sep 29, 8:30 AM: ₹1Sep 29, 10:00 AM: ₹1Sep 29, 11:15 AM: ₹0Sep 29, 12:45 PM: ₹1Sep 29, 4:30 PM: ₹1Sep 29, 8:00 PM: ₹0Sep 30, 7:00 AM: ₹0Sep 30, 8:30 AM: ₹1Sep 30, 2:15 PM: ₹1Oct 1, 8:00 AM: ₹1Oct 1, 2:45 PM: ₹1Oct 2, 8:45 AM: ₹1Oct 2, 12:45 PM: ₹1Sep 24Sep 25Sep 26Sep 29Sep 30Oct 1₹1 now
Full GMP history (25 updates)
Date & time (IST)GMPChangeGMP %Est. listing
Oct 2, 2026 · 12:45 PM₹1₹03.1%₹33
Oct 2, 2026 · 8:45 AM₹1₹03.1%₹33
Oct 1, 2026 · 2:45 PM₹1₹03.1%₹33
Oct 1, 2026 · 8:00 AM₹1₹03.1%₹33
Sep 30, 2026 · 2:15 PM₹1₹03.1%₹33
Sep 30, 2026 · 8:30 AM₹1+₹13.1%₹33
Sep 30, 2026 · 7:00 AM₹0₹00.0%₹32
Sep 29, 2026 · 8:00 PM₹0−₹10.0%₹32
Sep 29, 2026 · 4:30 PM₹1₹03.1%₹33
Sep 29, 2026 · 12:45 PM₹1+₹13.1%₹33
Sep 29, 2026 · 11:15 AM₹0−₹10.0%₹32
Sep 29, 2026 · 10:00 AM₹1₹03.1%₹33
Sep 29, 2026 · 8:30 AM₹1₹03.1%₹33
Sep 28, 2026 · 9:00 PM₹1₹03.1%₹33
Sep 28, 2026 · 5:00 PM₹1₹03.1%₹33
Sep 28, 2026 · 12:00 PM₹1₹03.1%₹33
Sep 27, 2026 · 11:59 PM₹1−₹13.1%₹33
Sep 26, 2026 · 11:59 PM₹2₹06.3%₹34
Sep 25, 2026 · 6:00 PM₹2−₹16.3%₹34
Sep 25, 2026 · 11:15 AM₹3+₹19.4%₹35
Sep 25, 2026 · 9:30 AM₹2₹06.3%₹34
Sep 25, 2026 · 7:00 AM₹2₹06.3%₹34
Sep 24, 2026 · 11:59 PM₹2₹06.3%₹34
Sep 24, 2026 · 5:45 PM₹2₹06.3%₹34
Sep 24, 2026 · 5:30 PM₹2—6.3%₹34
!GMP is unofficial and unregulated. It reflects grey-market sentiment only and is not a basis for a decision. Sep 24 is IPOji's last quote that day (23:59 IST stamp). IPOWatch showed ₹1.50.
Demand

Acevector IPO Subscription Status

Final · Day 3 · Sep 29 · 5:00 PM IST

From NSE + BSE bid data, excluding the anchor portion.

QIB
3.42×
bHNI (>₹10L)
9.33×
sHNI (₹2–10L)
6.94×
NII total
8.53×
Retail
4.83×
Overall
5.07×
dashed line = 1× (fully subscribed)
Final: the issue closed 5.07× subscribed on Day 3 (5 PM, Sep 29; IPOji end-of-day figures updated 5:57 PM). QIBs 3.42×, NIIs 8.53× (big HNIs 9.33×, small HNIs 6.94×), retail investors 4.83×.

Day-wise subscription

DayQIBbHNIsHNINII totalRetailTotal
Shares offered3,93,75,0001,31,23,65665,65,1041,96,87,5001,31,25,0007,21,87,500
Day 1 · Sep 250.00×0.29×0.74×0.44×0.65×0.24×
Day 2 · Sep 281.05×1.21×1.50×1.31×1.43×1.19×
Day 3 · Sep 293.42×9.33×6.94×8.53×4.83×5.07×
Issue Details

Acevector IPO Details

Checked against the RHP and cross-checked on NSE and BSE.

IPO dateSep 25 – 29, 2026
Price band₹30 – 32 per share
Face value₹1 per share
Lot size468 shares
Total issue size13,12,50,000 shares
₹420.00 Cr
Fresh issue8,96,87,500 shares
₹287.00 Cr
Offer for sale4,15,62,500 shares
₹133.00 Cr
Issue typeBook Built · Mainboard
Listing atBSE, NSE
Market cap≈ ₹1,741.40 Cr
Promoter holding65.9% → 49.96%
Lead managersIIFL Capital Services Ltd., CLSA India Pvt. Ltd., Systematix Corporate Services Ltd.
RegistrarMUFG Intime India Pvt. Ltd.

Offer documents

How much to invest

Acevector IPO Lot Size

Minimum and maximum bids by investor type at the upper band of ₹32.

ApplicationLotsSharesAmount
Retail (min)1468₹14,976
Retail (max)136,084₹1,94,688
sHNI (min)146,552₹2,09,664
sHNI (max)6630,888₹9,88,416
bHNI (min)6731,356₹10,03,392
Who gets what

Acevector IPO Reservation

Shares set aside for each category, and the maximum number of applicants who can get an allotment.

CategoryShares offered% of issueMax. allottees
Anchor investors5,90,62,50045%—
QIB (ex-anchor)3,93,75,00030%—
NII (HNI)1,96,87,50015%—
↳ bHNI (>₹10L)1,31,23,65610%2,003
↳ sHNI (₹2–10L)65,65,1045%1,002
Retail1,31,25,00010%28,045
Total13,12,50,000100%
Retail is 4.83× subscribed. With 28,045 retail slots, allotment is by lottery: roughly 1 in 5 retail applicants may get a lot (indicative only).
Company Financials

Acevector Financials (FY24 – FY26)

Restated consolidated figures from the RHP, ₹ crore. Years end March 31. Consolidated.

Revenue vs Profit ₹ Cr
RevenueProfit after tax (not to scale)
Revenue FY24: ₹384.74 Cr385PAT FY24: ₹-51.30 Cr−51.3FY24Revenue FY25: ₹406.77 Cr407PAT FY25: ₹-126.31 Cr−126.3FY25Revenue FY26: ₹537.67 Cr538PAT FY26: ₹-45.51 Cr−45.5FY26

Financial statement

₹ CrFY24FY25FY26YoY
Revenue384.74406.77537.67+32.2%
EBITDA-35.77-107.79-22.17+79.4%
Profit after tax-51.30-126.31-45.51+64.0%
Total assets410.50558.09575.28+3.1%
Net worth—126.33102.08−19.2%
Reserves & surplus—86.5956.99−34.2%
Total borrowing—0.450.00−100.0% ✓
Revenue rose ~32% in FY26 to ₹538 Cr and the loss narrowed to ₹45.5 Cr from ₹126 Cr, but the group is still loss-making. It carries almost no debt.
Valuation

Acevector IPO Valuation & Peer Comparison

At the upper band of ₹32. Peers from the RHP "Basis for Offer Price".

Earnings
EPS pre-IPO
−₹1.00
Returns & margins
RoNW
-59.54%
Price / Book
14.48×
Market cap
₹1,741 Cr
Debt / Equity
0.00×
latest FY, pre-issue

Peer comparison

CompanyP/EP/BRoNW
Acevector—14.48×-59.54%
FSN E-Commerce (Nykaa)462.5×—13.87%
Brainbees Solutions (FirstCry)——-2.91%
Meesho——-30.95%
P/E can't be used because Acevector is loss-making. At ₹32 the post-issue market cap is ~₹1,741 Cr, about 3.2× FY26 revenue and ~14.5× book. Listed peers are mostly loss-making too (FirstCry, Meesho) or priced very richly (Nykaa).
Company & Offer

About Acevector

Business profile from the RHP.

  • 2007Founded · New Delhi
  • 18,773 pin codesSnapdeal reach (six months to Sep 30, 2025)
  • 3 businessesSnapdeal · Unicommerce SaaS · Stellaro Brands

Promoters & holding

Kunal Bahl, Rohit Kumar Bansal, Starfish I Pte. Ltd.

Pre-issue65.90%
Post-issue49.96%

Objects of the issue

Marketing & business promotion for the Snapdeal marketplace
Technology infrastructure for the marketplace
Inorganic growth (acquisitions) & general corporate purposes
OFS: goes to selling shareholders, not the company₹133 Cr

Anchor investors

Raised
₹189.00 Cr
Investors
14
Anchor price
₹32
Domestic MFs
15.87%

Allotted Sep 24, 2026 · 5,90,62,500 shares. Participants include Negen Undiscovered Value Fund, Singularity Growth Opportunities Fund II, Turnaround Opportunities Fund, Helios Mutual Fund and Taurus Ethical Fund.

IPOSignal Review

Acevector IPO Review: Should You Apply?

Our 100-point score, and both sides of the case.

46out of 100
High Risk · Loss-Making
Confidence: 60% (Medium)
Score breakdown
Financial health6/25
Valuation5/20
Business quality9/15
Industry growth8/10
Management6/10
Governance6/10
Subscription4/7
Sentiment2/3
GMP is not part of the score.

Our view: A well-known value e-commerce brand with growing revenue, a narrowing loss, a SaaS arm and almost no debt. But it is still loss-making, trades at ~14.5× book, promoters fall to ~50% after the issue, and it competes with far larger players.

Strengths
  • Revenue grew ~32% in FY26 to ₹538 Cr, and the net loss narrowed sharply to ₹45.5 Cr from ₹126 Cr in FY25.
  • Diversified model: marketplace (Snapdeal), e-commerce SaaS (Unicommerce) and own consumer brands (Stellaro).
  • Focus on value-conscious shoppers in Tier 2+ towns, reaching ~18,800 pin codes.
  • Almost debt-free, so fresh money goes into growth rather than repaying loans.
Risks
  • Still loss-making, with negative EBITDA and RoNW of about −60% in FY26; profitability is not yet proven.
  • Pricey on assets: ~14.5× book value and ~3.2× sales at the upper band.
  • Most fresh money goes to marketing and technology spend, which may not turn into lasting profit.
  • Fierce competition from Flipkart, Amazon, Meesho and others with much deeper pockets.
  • Promoter holding drops to ~50%; sources disagree on how the ₹287 Cr fresh issue is split between objects (check the RHP).
Post-Listing Check

Acevector Listing Performance Updates after Oct 5

We close the loop: issue vs listing price, and whether our call was right.

Issue price
₹32
Listing price
—
Listing gain
—
Our call
High Risk
Allotment & Contacts

Acevector IPO Allotment Status & Contact Details

Allotment was finalised on Sep 30. Check it with your PAN or application number.

MUFG Intime India Pvt. Ltd.

Registrar
Phone
+91-22-4918 6270
Email
acevector.ipo@in.mpms.mufg.com
Check allotment status →

AceVector Ltd.

Company
Address
Mezzanine Floor, A-83, Okhla Industrial Area, Phase-II, New Delhi - 110020
Phone
+91 1244739850
Email
contact@acevector.com
Website
acevector.com
FAQs

Acevector IPO FAQs

GMP, price, lot size, dates, allotment and how to apply.

What is Acevector IPO?

Acevector IPO is a ₹420.00 Cr Mainboard book built issue made up of a fresh issue of ₹287.00 Cr and an offer for sale of ₹133.00 Cr. The shares will list on BSE and NSE.

What is Acevector IPO GMP today?

As of Oct 2 · 12:45 PM IST, the grey market premium is ₹1 (≈3.1%), implying an estimated listing price of about ₹33. The GMP has ranged ₹0 – 3 since Sep 24. GMP is unofficial and not a guarantee of the listing price.

What is the price band of Acevector IPO?

The price band is ₹30 – ₹32 per equity share of face value ₹1.

What is the lot size of Acevector IPO?

The minimum lot is 468 shares. Retail investors can apply for 1 to 13 lots (468 to 6,084 shares).

What is the minimum investment for Acevector IPO?

The minimum retail investment is ₹14,976 (468 shares at ₹32). The maximum retail application is ₹1,94,688 (13 lots).

When does Acevector IPO open and close?

The IPO opens on Sep 25, 2026 and closes on Sep 29, 2026.

What is the allotment date of Acevector IPO?

The basis of allotment is finalised on Sep 30, 2026. Refunds and demat credit were on Oct 1, 2026.

When will Acevector IPO be listed?

The tentative listing date is Oct 5, 2026 on BSE and NSE.

What is Acevector IPO subscription status?

At close (Sep 29 · 5:00 PM IST), the issue was subscribed 5.07× overall — QIB 3.42×, bHNI 9.33×, sHNI 6.94×, Retail 4.83×.

Should I apply for Acevector IPO?

IPOSignal's view is High Risk · Loss-Making (46/100). A well-known value e-commerce brand with growing revenue, a narrowing loss, a SaaS arm and almost no debt. But it is still loss-making, trades at ~14.5× book, promoters fall to ~50% after the issue, and it competes with far larger players. This is research, not investment advice.

How to check Acevector IPO allotment status?

Check on the registrar MUFG Intime India Pvt. Ltd.'s site (in.mpms.mufg.com/Initial_Offer/public-issues.html), or on the BSE / NSE allotment pages, using your PAN or application number.

Who is the registrar and lead manager of Acevector IPO?

The registrar is MUFG Intime India Pvt. Ltd.. The book-running lead managers are IIFL Capital Services Ltd., CLSA India Pvt. Ltd. and Systematix Corporate Services Ltd..

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