{
  "id": 9095800,
  "title": "Snapdeal Parent AceVector’s ₹420-Crore Market Debut Nears, Here’s What Investors Must Know Before September 25",
  "url": "https://urgent.news/2026/09/22/snapdeal-parent-acevectors-420-crore-market-debut-nears-heres-what",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T05:12:28.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/snapdeal-parent-acevectors-420-crore-market-debut-nears-heres-what-investors-must-know-before-september-25"
  },
  "original_language": "en",
  "account": "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.\n\nTo 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.\n\nThe 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.\n\nKunal 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.\n\nAceVector 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.",
  "summary": "Mumbai: SoftBank -backed AceVector Limited has fixed a price band of ₹30–₹32 per share for its ₹420-crore initial public offering, which will open for subscription on September 25. The issue will close on September 29, while the anchor investor bidding window will open on September 24. AceVector shares are scheduled to make their market debut on October 5. Meesho Shares Climb Over 3% As Market…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "Orient Cables Powers Up Its Market Debut, ₹552-Crore IPO Set To Launch September 25",
        "url": "https://urgent.news/2026/09/22/orient-cables-powers-up-its-market-debut-552-crore-ipo-set-to-launch",
        "published": "2026-09-22T05:28:19.000Z"
      }
    ]
  },
  "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."
}