AceVector's ₹420-crore IPO to open on September 25; sets price band at ₹30-32/share
The IPO will open for public subscription on September 25 and close on September 29, while bidding by anchor investors will take place on September 24, according to a public announcement
AceVector Ltd, a digital commerce ecosystem backed by SoftBank, has set a price band of ₹30-32 per equity share for its ₹420-crore IPO, scheduled to open for public subscription on September 25. The IPO will close on September 29, with bidding by anchor investors taking place on September 24. The fresh issue comprises ₹287 crore, while a 4.16 crore share Offer-for-Sale (OFS) by existing shareholders totals ₹133 crore.
At the higher end of the price band, the issue size amounts to around ₹420 crore. Co-founders Kunal Bahl and Rohit Bansal, holding a 33.99 per cent stake collectively, will not be selling any shares. AceVector has reduced the IPO size from the initial plan of a ₹300-crore fresh issue and an OFS of 6.38 crore shares. The company, operating an asset-light digital commerce ecosystem including Snapdeal, Unicommerce, and Stellaro Brands, reported a 29 per cent increase in operating revenue to ₹510.38 crore in FY26, up from ₹395.02 crore in FY25. AceVector plans to debut on the stock market on October 5.
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