Orient Cables Powers Up Its Market Debut, ₹552-Crore IPO Set To Launch September 25

Mumbai: AceVector Limited, a SoftBank-backed firm, is preparing for the listing of its shares on the Indian stock market. The company announced a price band of ₹30–₹32 per share for its ₹420-crore Initial Public Offering (IPO). The IPO will be open for subscription from September 25 to September 29, with the anchor investor bidding window commencing on September 24. The shares are expected to debut on the market on October 5.

To participate in the IPO, investors must buy a minimum of 468 shares or any multiple thereof. At the higher end of the price band, a retail investor would need a minimum investment of ₹14,976 to purchase one lot.

The IPO consists of a fresh issue valued at ₹287 crore and an Offer for Sale (OFS) of 4.16 crore shares worth approximately ₹133 crore, making the total issue size around ₹420 crore at the upper price band. Existing shareholders, including SoftBank, Nexus Venture Partners, and Foxconn, will be divesting a portion of their holdings through the OFS.

Kunal Bahl and Rohit Bansal, the co-founders of AceVector, will not sell their shares. They collectively hold a 33.99% stake directly and through their joint entity, B2 Professional Services LLP.

AceVector operates a lean digital commerce platform, including e-commerce marketplace Snapdeal, software platform Unicommerce, and omnichannel consumer brand Stellaro Brands. Unicommerce made its stock market debut in 2024, receiving a high subscription rate of over 168 times. AceVector reported a 29% increase in operating revenue to ₹510.38 crore in FY26, up from ₹395.02 crore in FY25. Its adjusted EBITDA loss also improved, narrowing from ₹39.16 crore in FY25 to ₹15.94 crore in FY26.