{
  "id": 9086511,
  "title": "AceVector's ₹420-crore IPO to open on September 25; sets price band at ₹30-32/share",
  "url": "https://urgent.news/2026/09/22/acevectors-420-crore-ipo-to-open-on-september-25-sets-price-band-at",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T05:05:04.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/acevectors-420-crore-ipo-to-open-on-september-25-sets-price-band-at-30-32share/article71494203.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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",
  "key_points": [
    "AceVector IPO priced at ₹30-32 per share, ₹420-crore size",
    "IPO opens September 25, closes September 29",
    "Co-founders Kunal Bahl, Rohit Bansal retain full 33.99% stake"
  ],
  "editors_take": "AceVector's reduced IPO size and unchanged promoter stake signal a strategic pivot to retain control and flexibility, while still tapping public markets for growth capital amidst improving financial performance.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Inc42",
        "title": "Snapdeal Parent AceVector Sets ₹30-₹32 Price Band For ₹420 Cr IPO",
        "url": "https://urgent.news/2026/09/22/snapdeal-parent-acevector-sets-30-32-price-band-for-420-cr-ipo",
        "published": "2026-09-22T05:01:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}