Acevector IPO
Bidding is scheduled to have opened. Check the exchange for the current state.
Subscription and grey market figures refresh on a 30-minute cycle. Last synced 6 October 2026. Confirm current numbers on the exchange websites before you apply.
- Issue size
- ₹420.00 Cr
- Lot size
- 468 shares
- Minimum investment
- ₹14,976.00
- Face value
- ₹1.00
- Fresh issue
- ₹287.00 Cr
- Offer for sale
- ₹133.00 Cr
- Exchanges
- NSE and BSE
- Bidding dates
- 25 September 2026 to 29 September 2026
The dates that matter
An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.
Anchor investor biddingCompleted
24 September 2026
One day before the public window, for institutional anchors.
Bidding opensCompleted
25 September 2026
Bidding closesCompleted
29 September 2026
Basis of allotmentCompleted
30 September 2026
Refunds initiatedCompleted
1 October 2026
Shares credited to DematCompleted
1 October 2026
Listing on the exchangeCompleted
5 October 2026
Issue dates
Grey market premium
No premium was quoted for this issue on any of the 4 days we hold a record for. A blank record is not a premium of zero, and it says nothing about demand either way.
About Acevector
Acevector Ltd. runs an asset-light digital commerce business through three subsidiaries. Snapdeal is a value-focused lifestyle marketplace selling affordable merchandise to middle-income shoppers, largely in Tier 2 and smaller cities. The company says Snapdeal served customers across 18,972 pin codes in FY 2026. Uniware, Convertway and Shipway make up an e-commerce enablement SaaS suite that handles end-to-end online selling operations. Stellaro Brands holds a portfolio of value-focused consumer brands sold across channels. The company incorporated in 2007 and is based in Okhla Industrial Area, New Delhi. It earns revenue from marketplace commissions, SaaS subscriptions and brand sales.
Promoters
- Kunal Bahl
- Rohit Kumar Bansal
- Starfish I Pte.Ltd.
Financial highlights
The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.
| Metric (₹ crore) | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Assets | 410.50 | 558.09 | 575.28 |
| Total Income | 384.74 | 406.77 | 537.67 |
| Profit After Tax | -51.30 | -126.31 | -45.51 |
| EBITDA | -35.77 | -107.79 | -22.17 |
| NET Worth | -142.09 | 126.33 | 102.08 |
| Reserves and Surplus | -181.83 | 86.59 | 56.99 |
| Total Borrowing | — | 0.45 | — |
Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Mar 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.
Key ratios
Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.
| Ratio | Value | What it measures |
|---|---|---|
| Earnings per share | ₹-1.00 | Profit after tax divided by the number of shares. |
| P/E at the cap price | -32.00x | Issue price divided by earnings per share. Lower is cheaper, but only against the same industry. |
| P/E after the issue | -38.10x | The same ratio recalculated on the larger post-issue share count. |
| Price to book | 14.48x | Issue price against net assets per share. |
| Net asset value per share | ₹2.21 | What the company owns, less what it owes, per share. |
| Return on net worth | -59.54% | The offer document’s own name for return on shareholders’ funds. |
| Market capitalisation | ₹1,741.40 Cr | Value of the company at the issue price. |
Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.
What the money is for
Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.
Funding a portion of the marketing and business promotion expense of the Marketplace business of Company
₹132.00 Cr
Funding the technology infrastructure costs of the Marketplace business of Company
₹50.00 Cr
Funding inorganic growth through acquisitions and general corporate purpose
Amount not stated
Peer comparison
The offer document compares the issuer against listed companies in the same business, on earnings, book value and return on net worth. Acevector is the first row.
| Company | EPS (₹) | P/E | NAV per share (₹) | RoNW |
|---|---|---|---|---|
| AceVectorThis issue | -1.32 | — | ₹2.21 | -59.54% |
| Brainbees Solutions | -2.9 | — | ₹90.71 | -2.91% |
| FSN E-Commerce Ventures | 0.7 | 462.5 | ₹5.00 | 13.87% |
| Meesho | -3.11 | — | ₹9.25 | -30.95% |
Reproduced from the peer comparison in the offer document. A dash means the document does not state that figure for that company. It is absent, not zero. Ratios are reported on the basis named in the document, which is not always the same period for every company.
Questions people ask
One lot is 468 shares. The price band is ₹30.00 to ₹32.00, and the block is calculated at the top of it, ₹32.00. That comes to ₹14,976.00 held in your bank account until the allotment is finalised. If you are not allotted, the block is released and the money never leaves your account.
Bidding runs from 25 September 2026 to 29 September 2026. Applications can be revised or withdrawn while bidding is open. Once it closes, the registrar finalises the basis of allotment the next working day and shares are credited the day after.
Retail applications run from 1 lot to 13 lots. The retail category caps an application at ₹2,00,000, so the upper limit is whichever comes first: the lot ceiling or the value ceiling.
Sources
- National Stock Exchange of India. "Upcoming and current public issues, with live bid quantities." The exchange publishes the bidding figures this page is built from, and is the authority on them. Accessed 15 September 2026.
- BSE. "Public issues — current and forthcoming." The second exchange carrying this issue, and the second source for its bidding data. Accessed 15 September 2026.
- Securities and Exchange Board of India. "Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018." The regulation that sets the issue process, the categories and the allotment rules. Accessed 15 September 2026.
- Acevector issue particulars are compiled and published by Ankit Kumar, Founder of DematOpen, refreshed every 30 minutes, and reviewed against the offer document. The record was last updated 6 October 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.