AceVector sets ₹30–32 IPO price band for ₹420 crore public issue
AceVector, operator of Snapdeal, Unicommerce and Stellaro Brands, will open its IPO for public subscription from September 25 to 29. The issue includes a ₹287 crore fresh issue and ₹133 crore offer for sale, with listing targeted for October 5.
What happened
SoftBank-backed AceVector set a ₹30-32 price band for its ₹420-crore IPO. The Snapdeal, Unicommerce and Stellaro Brands operator plans to use a ₹287-crore fresh
Key facts
- ₹420 crore IPO
- ₹30-32 per share price band
- ₹287 crore fresh issue
- 4.16 crore shares OFS
- ₹133 crore OFS value
What changed
SoftBank-backed AceVector set a ₹30-32 price band for its ₹420-crore IPO. The Snapdeal, Unicommerce and Stellaro Brands operator plans to use a ₹287-crore fresh issue alongside a ₹133-crore OFS, with listing targeted for October 5.
Why this matters
AceVector’s IPO will fund growth across Snapdeal, Unicommerce and Stellaro Brands, increasing competitive pressure on value e-commerce, SaaS fulfilment and digital-first brand operators.
What to watch
- Subscription mix between QIB, HNI and retail investors, plus anchor-book quality.
- IPO valuation relative to listed Indian e-commerce, SaaS and consumer-internet peers.
- Grey-market premium, listing-day turnover and whether the stock holds above the issue price after the initial lock-in period.
- Use-of-proceeds disclosures and evidence that fresh capital is directed toward growth investments rather than operating-loss support.
- Quarterly trends in Snapdeal GMV, active buyers, seller count, take rate, contribution margin and cash flow.