AceVector, the holding company behind Snapdeal, has announced a ₹420 crore initial public offering, setting its share price band between ₹30 and ₹32. This move marks its second attempt at going public and aims to support expansion initiatives within its growing digital commerce ecosystem.
- IPO price band set at ₹30-₹32 per share valuing company up to ₹1,741 crore
- Fresh funds to boost Snapdeal’s marketing and tech development
- SoftBank’s Starfish I selling shares as part of a 4.16 crore share offer
What happened
AceVector, the parent company of Snapdeal, has set the price band for its initial public offering between ₹30 and ₹32 per equity share. The IPO consists of a fresh share issuance worth ₹287 crore and an offer for sale of up to 4.16 crore shares, totaling approximately ₹420 crore at the upper price limit. The public subscription opens on September 25 and closes on September 29, with the stock expected to list on the BSE and NSE on October 5.
The largest shareholder, SoftBank’s Starfish I Pte Ltd, will sell up to 2.76 crore shares through the offer for sale segment, potentially raising ₹88.3 crore at the top end of the price band. AceVector previously postponed its public listing plans in 2022, making this IPO the company's renewed effort to enter the public markets.
Why it matters
AceVector operates as a multi-vertical digital commerce ecosystem comprising Snapdeal, Unicommerce—a SaaS enablement platform—and Stellaro Brands. The company showed strong financial momentum in fiscal year 2026, with consolidated revenues rising 29.2% year-over-year to ₹510.4 crore and its net losses shrinking by 64% to ₹45.5 crore. These improvements highlight progress toward sustainable growth.
The IPO proceeds will primarily be directed towards driving Snapdeal’s marketing and technology capabilities. Snapdeal’s marketplace revenue reached ₹293.7 crore in FY26, supported by a growing base of 12.16 million annual transacting customers primarily in non-metro regions. The platform focuses heavily on value-driven fashion products, with 84% of sales under ₹600, targeting young consumers seeking affordable and trendy items.
What to watch next
Investors and market watchers will be closely monitoring AceVector’s listing debut scheduled for early October to gauge demand and pricing dynamics in light of its recent financial performance and sector positioning. The company’s strategy to focus on existing categories without expanding into new verticals signals a targeted growth approach emphasizing operating leverage and profitability.
Key performance indicators to follow post-IPO include Snapdeal’s volume growth, customer acquisition costs, and repeat purchase rates, which have already demonstrated strong improvement. Additionally, the company’s approach to maintaining its zero-commission model could impact margins, given rising logistics and fulfillment costs, presenting challenges for future profitability.