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Acevector (Snapdeal) IPO
📅 Founded: 2007
📍 New Delhi
📋 Face Value: ₹1
🏦 Market Cap: ₹1,741.40 Cr
Price Band
₹30 – ₹32
Issue Size
₹420 Cr
Lot Size
468 shares
Min. Investment
₹14,976
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
05 Oct 2026
Registrar
MUFG Intime India
Acevector (Snapdeal) IPO at a glance
Acevector (Snapdeal) IPO was a mainboard issue of ₹420 Cr at a price band of ₹30 – ₹32 per share, open from 25 Sep 2026 to 29 Sep 2026. It was subscribed 4.92 times overall (QIB 3.42x, NII 7.92x, retail 4.21x). The shares listed on BSE, NSE on 05 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
4.92x subscribed
Issue Details
Fresh Issue₹287 Cr
Offer for Sale (OFS)₹133 Cr
Total Issue Size₹420 Cr
Face Value₹1
Market Cap (at issue)₹1,741.40 Cr
Listing ExchangeBSE, NSE
📅 Open Date25 Sep 2026
🔒 Close Date29 Sep 2026
✂️ Cut-off Price Date29 Sep 2026
🎟️ Allotment Date30 Sep 2026
💸 Refund Initiation01 Oct 2026
📂 Demat Credit01 Oct 2026
📈 Listing Date05 Oct 2026
Objects of the Issue
- 💰 Marketing and brand promotion for the Snapdeal marketplace — ₹220 Cr
- 💰 Technology infrastructure for the marketplace — ₹20 Cr
- 💰 General corporate purposes
About the Company
AceVector, founded in 2007 by Kunal Bahl and Rohit Bansal, is the parent of Snapdeal, a marketplace aimed at value-conscious shoppers. It also owns Unicommerce, which sells e-commerce operations software (Uniware, Shipway, Convertway) to online sellers and brands, and Stellaro Brands, which runs its own consumer labels such as Rangita ethnic wear.
Strengths
- ✅ Three businesses — marketplace, SaaS and own brands — share one technology base
- ✅ Unicommerce's SaaS revenue roughly doubled between FY24 and FY26
- ✅ Snapdeal targets value shoppers in smaller towns, and most orders come through its mobile app
- ✅ Long-standing institutional shareholders
Risk Factors
- ⚠️ Loss-making in each of the last three years (₹51 Cr in FY24, ₹126 Cr in FY25, ₹46 Cr in FY26)
- ⚠️ Most of the fresh issue (₹220 Cr) is earmarked for marketing, so growth depends on continued ad spending
- ⚠️ Snapdeal still provides over half of revenue and faces much larger, better-funded competitors
- ⚠️ Operating cash flow only turned slightly positive in FY26
- ⚠️ Depends on third-party logistics partners for delivery
Subscription Status
4.92x Overall
QIB: 3.4x
NII: 7.9x
RII: 4.2x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for Mainboard IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
65.9%
Pre-IPO
→ -18.5%
47.4%
Post-IPO
Founders & Leadership
KB
Kunal Bahl
Co-founder & Promoter
Co-founded Snapdeal in 2007 and is one of the company's promoters
RB
Rohit Kumar Bansal
Co-founder & Promoter
Co-founded Snapdeal with Kunal Bahl in 2007 and is one of the company's promoters
IPO Timeline
✓
Open Date
25 Sep 2026
✓
Close Date
29 Sep 2026
✓
Allotment Date
30 Sep 2026
✓
Listing Date
05 Oct 2026
Key Financials
Revenue₹538 Cr
PAT−₹45.5 Cr
EPS−₹1.32
P/E RatioN/A (loss-making)
Market Cap₹1,741.40 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 537.67 | 406.77 | 384.74 |
| Profit After Tax | -45.51 | -126.31 | -51.30 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | −₹1.32 | — |
| P/E (x) | N/A (loss-making) | — |
| ROE (%) | N/A | — |
| Promoter Holding | 65.9% | 47.4% |
| Market Cap | ₹1,741.40 Cr | |
IPO Registrar
Acevector (Snapdeal) IPO FAQs
Acevector (Snapdeal) IPO is a mainboard IPO with an issue size of ₹420 Cr at a price band of ₹30 – ₹32. Minimum lot size is 468 shares (minimum investment ~₹14,976). Opened on 25 Sep 2026 and closed on 29 Sep 2026. Listed on BSE, NSE. Registrar: MUFG Intime India.