AceVector sets ₹30–32 IPO price band for ₹420 crore issue

The Snapdeal, Unicommerce and Stellaro Brands parent will open its IPO for public subscription from September 25 to 29, following anchor bidding on September 24. The issue comprises a ₹287 crore fresh issue and a ₹133 crore offer for sale, with listing slated for October 5.

— Source publishedTue, 22 Sept, 2026, 10:34 IST·First seen Tue, 22 Sept, 2026, 10:40 IST·Source The Hindu BusinessLine

What happened

SoftBank-backed digital commerce company AceVector set a ₹30-32 price band for its ₹420-crore IPO. The Snapdeal, Unicommerce and Stellaro Brands parent plans to

Key facts

  • ₹420 crore IPO
  • ₹30-32 per share price band
  • ₹287 crore fresh issue
  • ₹133 crore OFS
  • 4.16 crore shares in OFS
  • ₹510.38 crore FY26 operating revenue
  • 29% FY26 revenue growth
  • ₹15.94 crore FY26 adjusted EBITDA loss

Why this matters

A successful AceVector listing could create a better-capitalized, publicly valued e-commerce and SaaS platform, making it a more active partner, acquisition target or competitor for strategic transactions.

What to watch

  • Anchor-book quality and the mix of domestic versus foreign institutional participation on September 24.
  • Subscription levels across QIB, HNI and retail categories during September 25-29.
  • Final pricing relative to the ₹30-32 band and any changes in valuation expectations versus listed e-commerce and SaaS peers.
  • Listing-day premium or discount and first-month trading liquidity after the planned October 5 listing.
  • Quarterly revenue growth, adjusted EBITDA-loss trajectory, cash balance and operating-cash-flow trend.
  • Snapdeal active buyers, order frequency, seller additions, take rate and fulfillment-cost trends.
  • Unicommerce customer additions, GMV processed, net revenue retention, enterprise-client wins and margin expansion.
  • Use fresh-issue proceeds to prioritize high-return technology, seller-services and working-capital initiatives rather than broad subsidy-led customer acquisition.
  • Publish clearer segment-level metrics on Snapdeal marketplace economics and Unicommerce growth, margins, retention and client concentration to support post-listing credibility.
  • Accelerate EBITDA-loss reduction through fulfillment efficiency, rationalized promotions and higher-margin merchant software/services revenue.
  • Deploy IPO visibility to deepen brand and enterprise partnerships, especially among value-focused sellers and omnichannel retailers.
  • Prepare investor communication around use of proceeds, cash runway, governance and quarterly profitability milestones after listing.