AceVector Limited’s Initial Public Offering Plans

E-commerce ecosystem firm AceVector Limited has submitted a revised draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for its anticipated initial public offering (IPO). The parent company of Snapdeal and Unicommerce, which also includes Shipway, Convertway, and Stellaro Brands, aims to collect up to Rs 300 crore through a combination of a fresh issue and an offer for sale involving up to 6.38 crore equity shares.

The current investors in AceVector, such as SoftBank, Nexus, and Foxconn, will partially liquidate their holdings via the offer for sale. Notably, the co-founders of the firm, Kunal Bahl and Rohit Bansal, who possess a total of 34.63% ownership, directly and via associated entities, plan to retain their shares and will not participate in the IPO.

The Gurugram-based enterprise had initially filed its draft red herring prospectus through a confidential method in July 2025. Reports indicate that this information was exclusively provided by Startup Superb.

Snapdeal operates as a value-centric marketplace, predominantly featuring products priced below Rs 599, with a substantial volume of shipments originating from non-metro regions, primarily focusing on lifestyle goods. The parent group also encompasses Unicommerce, which became an independent listed entity in 2024, providing SaaS solutions for e-commerce businesses, and Stellaro Brands, which operates the women’s ethnic wear line Rangita across online platforms and 12 physical locations.

AceVector plans to allocate the funds raised from the fresh issue towards enhancing Snapdeal’s technological infrastructure, bolstering marketing initiatives, fostering business development, pursuing opportunities for inorganic growth, and addressing general corporate needs.

In terms of financial performance, AceVector reported a 34% year-on-year increase in revenue, achieving Rs 244 crore in H1 FY26, up from Rs 181 crore recorded in H1 FY25. Additionally, the firm significantly reduced its EBITDA loss by 67%, bringing it down to Rs 9.28 crore for H1 FY26. The company also reported a positive net operating cash flow of Rs 5.07 crore during the same period.