{
  "id": 9125325,
  "title": "Snapdeal parent firm AceVector's IPO to open on September 25",
  "url": "https://urgent.news/2026/09/22/snapdeal-parent-firm-acevectors-ipo-to-open-on-september-25",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T05:38:41.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/09/ipo-of-snapdeals-parent-firm-acevector-to-open-on-sept-25"
  },
  "original_language": "en",
  "account": "AceVector, the parent company of online retail platform Snapdeal, is set to launch its initial public offering (IPO) on September 25. The IPO will involve both a fresh issue of shares and an offer for sale in order to raise a total of Rs 420 crore. The company has set a price band of Rs 30-32 for the IPO and expects its valuation to be around Rs 1,750 crore. AceVector aims to raise Rs 287 crore through the fresh share issue and Rs 133 crore via the offer for sale by issuing 4.16 crore shares. The IPO is expected to open on September 25 and close on September 29, with a potential listing on October 5. The selling shareholders include Softbank and Nexus Venture Partners. AceVector's IPO amount is lower than its initial target, which was to raise Rs 300 crore from the fresh share issue and the offer for sale of 6.38 crore shares. The proceeds from the IPO will be utilized for marketing, business promotion, technology infrastructure costs, and inorganic growth opportunities. AceVector generated revenue of Rs 510.38 crore in FY26 compared to Rs 395.02 crore in FY25, marking a 29% growth. However, the company reported a net loss of Rs 46 crore in FY26, which represented a 64% decline from FY25. Snapdeal primarily operates in the value e-commerce segment, focusing on tier 2 and beyond locations. Apart from Snapdeal, AceVector's portfolio includes the SaaS company Unicommerce and consumer brands Stellaro Brands. The Indian company is among several others tapping into the public markets, as the IPO market has seen a resurgence in the latter half of the year after a subdued period in the first half.",
  "summary": "AceVector plans to raise Rs 420 crore through the IPO and has priced its shares in the range of Rs 30-32.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}