AceVector IPO 2026: Details, Price Band, GMP, Financials & IPO Analysis

AceVector Limited is preparing to launch its IPO in September 2026. The company operates an asset-light digital commerce ecosystem spanning e-commerce, technology,

SaaS and consumer brands through businesses such as Snapdeal, Unicommerce and Stellaro Brands. The AceVector IPO will have a total issue size of ₹420 crore, comprising a fresh issue of ₹287 crore and an Offer for Sale (OFS) of ₹133 crore.

The IPO will open on 25 September 2026 and close on 29 September 2026, with listing scheduled for 5 October 2026. The price band is fixed at ₹30–₹32 per share.

AceVector IPO Details

AceVector IPO Timeline

AceVector IPO GMP Today

As of 22 September 2026, the AceVector IPO GMP is ₹0. At the upper price band of ₹32, the estimated listing price based on the available GMP is ₹32.

GMP Disclaimer: Grey market premiums are unofficial market indicators and can change frequently. GMP should not be considered a reliable indicator of the actual listing price or future performance.

AceVector IPO Subscription Status

The AceVector IPO bidding has not started yet. Therefore, category-wise subscription data for QIB, NII and Retail investors is currently not available.

Subscription figures will become available after bidding begins on 25 September 2026.

AceVector IPO Day-wise Subscription Trend

The day-wise subscription trend will be updated as bidding progresses.

AceVector IPO Current Subscription

Current subscription data is not available yet, as the IPO is scheduled to open on 25 September 2026. Once bidding starts, this section can be updated with the latest category-wise subscription figures.

AceVector IPO Lot Size

The AceVector IPO lot size is 468 shares. At the upper price band of ₹32, retail investors need a minimum investment of ₹14,976.

AceVector IPO Reservation

The IPO reservation is structured as follows:

• QIB: Not less than 75% of the Offer
• Retail: Not more than 10%
• NII: Not more than 15%

About AceVector Limited

AceVector Limited was incorporated in 2007 and operates an asset-light digital commerce ecosystem built around data, technology and AI-driven businesses.
The company's operations span three key areas: a value-focused e-commerce marketplace, e-commerce enablement SaaS platforms and consumer brand businesses.
Its ecosystem includes:

Snapdeal

Snapdeal operates a value-focused lifestyle e-commerce marketplace offering affordable merchandise across multiple lifestyle categories. It primarily targets middle-income and value-conscious consumers, particularly in Tier 2 and smaller Indian cities.

During the six months ended September 30, 2025, Snapdeal served customers across 18,773 pin codes in India.

Unicommerce

Unicommerce provides e-commerce enablement SaaS solutions through platforms such as Uniware, Convertway and Shipway. These technologies support various stages of e-commerce operations, including inventory, order management and fulfilment.

Stellaro Brands

Stellaro Brands operates an omnichannel portfolio of value-focused consumer brands, adding another layer to AceVector's digital commerce ecosystem.

The company's ecosystem therefore combines marketplace operations, technology infrastructure and consumer brands rather than depending on a single business model.

AceVector IPO Objectives

The fresh issue proceeds will be used for the following purposes:
 

The company proposes to allocate ₹132 crore towards marketing and business promotion and ₹50 crore towards technology infrastructure for its Marketplace Business. A portion of the remaining proceeds will be available for inorganic growth and general corporate purposes.

AceVector Financial Performance

AceVector's total income increased from ₹406.77 crore in FY25 to ₹537.67 crore in FY26, indicating stronger revenue generation.

However, the company remained loss-making. PAT improved from a loss of ₹126.31 crore in FY25 to a loss of ₹45.51 crore in FY26, representing a substantial reduction in the loss rather than a move into profitability.

EBITDA also improved from a loss of ₹107.79 crore to a loss of ₹22.17 crore during the same period.

Key Financial Ratios

The negative RoNW reflects the company's continuing losses. The P/B ratio is relatively high based on the figures provided, while EPS remains negative.

AceVector IPO Valuation

Since AceVector reports negative earnings, the conventional P/E multiple is not meaningful in the same way as it is for profitable companies. Investors may therefore need to

focus on revenue growth, loss reduction, business scalability and the company's ability to reach sustainable profitability.

Promoter Holding

The promoters of AceVector Limited are:

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

Promoter holding is expected to reduce from 65.90% before the IPO to 49.96% after the IPO based on the supplied IPO valuation data.

AceVector Peer Comparison

The comparison shows that AceVector is currently reporting negative earnings and negative RoNW, unlike some listed peers that have moved into profitability.

Competitive Strengths

• Asset-light digital commerce ecosystem
• Presence across e-commerce, SaaS and consumer brands
• Snapdeal's reach across 18,773 pin codes
• Unicommerce's e-commerce technology platforms
• Focus on value-conscious consumers and Tier 2+ markets
• Data and technology-driven business model
• Multiple businesses within a connected digital commerce ecosystem

Risks Investors Should Consider

• The company remains loss-making.
• EPS is negative, limiting conventional earnings-based valuation analysis.
• RoNW is negative at -59.54%.
• The business requires continued improvement in operating efficiency and profitability.
• Competition in Indian e-commerce and digital commerce remains significant.
• The marketplace business requires continued investment in marketing and technology.
• A portion of the IPO proceeds is intended for marketing and technology infrastructure, making execution important for future growth.

Should You Invest in AceVector IPO?

AceVector presents a combination of business scale, digital commerce exposure and improving financial performance. Its revenue increased significantly in FY26, while losses narrowed considerably from FY25. The company's ecosystem also provides exposure to marketplace operations through Snapdeal, e-commerce SaaS through Unicommerce and consumer brands through Stellaro Brands.

At the same time, AceVector is not yet profitable. Its FY26 PAT remained negative at ₹45.51 crore and EBITDA was also negative. The negative EPS and RoNW, along with the P/B-based valuation, make profitability and future cash generation important factors to monitor.

The latest available GMP as of 22 September 2026 is ₹0, the estimated listing price based on the available GMP is ₹32.

The IPO proceeds are primarily directed towards strengthening the Marketplace Business through marketing, technology infrastructure and potential inorganic growth. The key consideration is therefore whether these investments can support sustainable revenue growth and eventually translate into positive earnings.

Investors should review the company's financial performance, valuation, business risks and future profitability prospects before making an investment decision.

AceVector IPO Allotment Status

The basis of allotment is expected on 30 September 2026. Investors can check their allotment status through the IPO registrar's website once the allotment process is completed.

Refunds are scheduled to begin on 1 October 2026, while shares are expected to be credited to eligible investors' demat accounts on the same date.

AceVector IPO Registrar

• MUFG Intime India Pvt. Ltd.
• LBS Marg, Vikhroli (West), Mumbai
• Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Phone: 022-49186000
• Email: acevector.ipo@in.mpms.mufg.com

AceVector IPO Lead Managers

The lead managers for the AceVector IPO are:

• Systematix Corporate Services Ltd.
• IIFL Capital Services Ltd.
• CLSA India Pvt. Ltd.
•  

AceVector Company Details

• AceVector Limited
• Mezzanine Floor, A-83, Okhla Industrial Area, Phase-II, Delhi, New Delhi – 110020
• Website: https://www.acevector.com/
• Phone: +91 1244739850
• Email: contact@acevector.com

AceVector IPO Summary

AceVector IPO is a ₹420 crore book-built issue comprising a ₹287 crore fresh issue and ₹133 crore Offer for Sale. The IPO will open from 25 September to 29 September 2026, with a price band of ₹30–₹32 per share and a lot size of 468 shares. 

AceVector operates a digital commerce ecosystem through Snapdeal, Unicommerce and Stellaro Brands. Its revenue increased to ₹537.67 crore in FY26, while the PAT loss narrowed to ₹45.51 crore from ₹126.31 crore in FY25. 

However, the company remains loss-making, with negative EPS and RoNW. The IPO proceeds are proposed to support marketplace marketing, technology infrastructure and inorganic growth. 

The latest available GMP as of 22 September 2026 is ₹0, the estimated listing price based on the available GMP is ₹32.

AceVector IPO FAQs

When will AceVector IPO open?

The IPO will open on 25 September 2026.

When will AceVector IPO close?

The IPO will close on 29 September 2026.

What is the AceVector IPO price band?

The price band is ₹30 to ₹32 per share.

What is the AceVector IPO lot size?

The lot size is 468 shares, requiring ₹14,976 at the upper price band.

What is the AceVector IPO size?

The total issue size is ₹420 crore, including a ₹287 crore fresh issue and ₹133 crore OFS.

What is the AceVector IPO GMP today?

As of 22 September 2026, the available GMP is ₹0.

Is AceVector profitable?

No. AceVector reported a PAT loss of ₹45.51 crore in FY26, although the loss narrowed substantially from FY25.

When will AceVector IPO be listed?

The shares are scheduled to list on 5 October 2026.

Who is the registrar of AceVector IPO?

MUFG Intime India Pvt. Ltd. is the registrar.

Disclaimer

The information provided above is based on the IPO data available as of 22 September 2026. IPO details, GMP, subscription figures and other market-related information can change. Grey market premium figures are unofficial and should not be treated as a guarantee of listing performance. Investors should review the company's offer documents and financial information before making investment decisions.