Snapdeal parent AceVector plans Rs 420 crore IPO, targeting September 25 opening

AceVector, parent of Snapdeal and owner of Unicommerce and Stellaro Brands, plans a Rs 420 crore IPO comprising a Rs 287 crore fresh issue and Rs 133 crore offer for sale. Proceeds are earmarked for marketing, technology infrastructure and inorganic growth.

— Source publishedTue, 22 Sept, 2026, 11:08 IST·First seen Tue, 22 Sept, 2026, 11:25 IST·Source YourStory

What happened

Snapdeal parent AceVector will launch a Rs 420 crore IPO on September 25, funding marketing, technology infrastructure and inorganic growth. The value-ecommerce

Key facts

  • Rs 420 crore total IPO size
  • Rs 287 crore fresh issue
  • Rs 133 crore offer for sale
  • Rs 30-32 per share price band
  • About Rs 1,750 crore valuation

What changed

Snapdeal parent AceVector will launch a Rs 420 crore IPO on September 25, funding marketing, technology infrastructure and inorganic growth. The value-ecommerce group, also owning Unicommerce and Stellaro Brands, reported FY26 revenue growth of 29% and a lower net loss.

Why this matters

AceVector’s planned Rs 420 crore IPO would fund marketing and technology upgrades that could strengthen Snapdeal, Unicommerce and Stellaro’s operating scale.

What to watch

  • Draft prospectus and final RHP disclosures on segment revenue, EBITDA or contribution margin, cash burn, and Snapdeal's active-user and order-growth trends.
  • IPO price band, anchor-book quality, subscription levels, and the split between institutional and retail demand.
  • Whether the company provides a defined profitability timeline after marketing and technology spending increases.
  • Unicommerce growth, merchant retention, and margin performance, which may influence the valuation multiple assigned to AceVector.
  • Competitive promotional intensity from Flipkart, Amazon, Meesho, and value-commerce specialists during the IPO marketing period.

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