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

AceVector’s IPO includes a ₹287 crore fresh issue and an offer for sale. At the upper band, Snapdeal’s parent targets a valuation of up to ₹1,741.4 crore, while SoftBank affiliate Starfish could sell up to 2.76 crore shares.

— Source publishedTue, 22 Sept, 2026, 10:31 IST·First seen Tue, 22 Sept, 2026, 10:56 IST·Source Inc42 · Buzz

What happened

Snapdeal parent AceVector set a ₹30-₹32 IPO price band for a ₹420 Cr issue, including a ₹287 Cr fresh issue. The company targets up to ₹1,741.4 Cr valuation,

Key facts

  • ₹30-₹32 per equity share
  • ₹420 Cr IPO size
  • ₹287 Cr fresh issue
  • Up to 4.16 Cr shares OFS
  • ₹1,741.4 Cr valuation at upper band

What changed

Snapdeal parent AceVector set a ₹30-₹32 IPO price band for a ₹420 Cr issue, including a ₹287 Cr fresh issue. The company targets up to ₹1,741.4 Cr valuation, with SoftBank affiliate Starfish selling shares via the OFS.

Why this matters

At a ₹1,741.4 crore upper-band valuation, the ₹420 crore IPO offers a test of investor appetite for a Snapdeal-linked turnaround while enabling SoftBank affiliate Starfish to partially monetize its stake.

What to watch

  • Anchor book quality, including participation by long-only domestic institutions versus short-term funds.
  • Subscription split across QIB, HNI and retail categories, especially demand at the ₹32 upper band.
  • Final issue price and any indication that bids cluster below the top of the range.
  • Updated disclosures on revenue growth, contribution margins, cash burn, active buyers, repeat rates and seller additions.
  • The proportion of proceeds allocated to growth investment versus general corporate purposes and working capital.

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