AceVector files RHP for ₹287 crore IPO, turns free-cash-flow positive in FY26
Snapdeal and Unicommerce parent AceVector has filed its RHP for a ₹287 crore fresh issue alongside an OFS of up to 4.12 crore shares. FY26 operating revenue rose 29% to ₹510.38 crore, while adjusted EBITDA loss narrowed 59%; proceeds will support Snapdeal technology, marketing, business development and acquisitions.
What happened
AceVector, parent of Snapdeal and Unicommerce, filed an RHP for a Rs 287 crore fresh-issue IPO plus OFS. It turned free-cash-flow positive in FY26 and plans to
Key facts
- Rs 287 crore fresh issue
- Up to 4.12 crore shares in OFS
- FY26 adjusted free cash flow: Rs 10.82 crore
- FY26 operating revenue: Rs 510.38 crore, up 29% from Rs 395.02 crore
- FY26 adjusted EBITDA loss: Rs 15.94 crore, down 59% from Rs 39.16 crore
What changed
AceVector, parent of Snapdeal and Unicommerce, filed an RHP for a Rs 287 crore fresh-issue IPO plus OFS. It turned free-cash-flow positive in FY26 and plans to fund Snapdeal technology, marketing, business development and acquisitions.
Why this matters
AceVector’s IPO funding is set to strengthen Snapdeal’s technology, marketing and business-development spend, increasing competitive pressure in value e-commerce as the group reaches free-cash-flow positivity.
What to watch
- RHP disclosures on FY26 free-cash-flow composition, working-capital movements and sustainability of operating cash generation.
- Revenue, EBITDA and cash-flow split between Unicommerce, Snapdeal and other AceVector businesses.
- Anchor-investor participation, issue pricing, OFS-to-fresh-issue mix and implied valuation relative to Indian internet and SaaS peers.
- Snapdeal customer-acquisition cost, repeat rates, take rate, order frequency, return rates and contribution-margin trajectory after IPO spending begins.
- Unicommerce merchant additions, enterprise-client retention, transaction volumes and competitive pressure from other commerce-enablement platforms.
Also reported by
- Entrackr — Same time