ACEVECTOR LTD IPO: Company Review, Subscription and Allotment Updates
2026-09-25 — Company overview and issue details ACEVECTOR LTD IPO (ABOUT THE COMPANY) ACEVECTOR LTD – COMPANY BACKGROUND AceVector Ltd is the owner of several well-established digital properties including Snapdeal, Uniware, and…
2026-09-25 — Company overview and issue details
ACEVECTOR LTD IPO (ABOUT THE COMPANY)
ACEVECTOR LTD – COMPANY BACKGROUND
AceVector Ltd is the owner of several well-established digital properties including Snapdeal, Uniware, and Stellaro. Apart from an ecommerce market place, the digital platform also offers ecommerce enablement platforms and consumer brand business. Snapdeal focuses on lifestyle merchandise at affordable prices. Uniware provides the full range of ecommerce enablement SAAS products for end-to-end ecommerce operations. Stellaro is an omni-channel portfolio of value-focused consumer brands. Snapdeal services customers across more than 18,900 pin codes across India, with focus on middle-tier customers and tier-2 and tier-3 cities.
The promoters of AceVector Ltd are Kunal Bahl, Rohit Kumar Bansal, and Starfish Pte Ltd. The IPO will be a combination of a fresh issue and an offer for sale (OFS). The fresh issue proceeds will be used for fund part of the marketing & business promotion expenses, funding the technology infrastructure costs of the market place, funding inorganic growth, and for general corporate purposes. The OFS is by the promoter shareholders and also by early investor shareholders. The issue is being lead-managed by IIFL Capital Services, CLSA India, and Systematix Corporate Services; while MUFG Intime India Private Ltd is the IPO registrar.
HIGHLIGHTS OF THE IPO ISSUE OF ACEVECTOR LTD
Here are the key highlights of the public issue of AceVector Ltd.
The IPO is open from September 25th, 2026 to September 29th, 2026. It has a face value of ₹1 per share and the IPO price band has been fixed in the range of ₹30 to ₹32 per share.
The IPO of AceVector Ltd will be a combination of a fresh issue of shares and an offer for sale (OFS) by the promoter shareholders.
The Fresh Issue portion of the IPO comprises the issue of 8,96,87,500 shares (896.88 lakh shares), which at the upper price band of ₹32 per share, translates into a fresh issue size of ₹287.00 crore.
The offer for sale (OFS) portion of the IPO comprises the sale of 4,15,62,500 shares (415.63 lakh shares), which at the upper price band of ₹32 per share, translates into an OFS size of ₹133.00 crore.
Therefore, the overall IPO will comprise of the fresh issue and the offer for sale of 13,12,50,000 shares (1,312.50 lakh shares), which at the upper price band of ₹32 per share translates into an overall issue size of ₹420.00 crore.
Due to dilutive impact of the fresh issue and the offer for sale (OFS) by promoters, the promoter stake in the company will reduce from 65.90% pre-IPO to 49.96% post-IPO.
The IPO of AceVector Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on September 24, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of AceVector Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Friday, 25 September, 2026 |
| IPO Close Date | Tuesday, 29 September, 2026 |
| Basis of Allotment | Wednesday, 30 September, 2026 |
| Initiation of Refunds to non-allottees | Thursday, 1 October, 2026 |
| Credit of Shares to Demat | Thursday, 1 October, 2026 |
| Listing Date on NSE and BSE | Monday, 5 October, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | Nil Shares | Not Applicable |
| Anchor Allocation | 5,90,62,500 shares | 44.31% of total IPO size |
| QIB Shares Offered | 3,99,21,876 shares | 29.95% of total IPO size |
| NII (HNI) Shares Offered | 2,05,84,374 shares | 15.44% of total IPO size |
| Retail Shares Offered | 1,37,22,916 shares | 10.30% of total IPO size |
| Total Shares Offered | 13,32,91,666 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of AceVector Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 468 | ₹ 14,976 |
| Retail (Max) | 13 | 6,084 | ₹ 1,94,688 |
| S-HNI (Min) | 14 | 6,552 | ₹ 2,09,664 |
| S-HNI (Max) | 66 | 30,888 | ₹ 9,88,416 |
| B-HNI (Min) | 67 | 31,356 | ₹ 10,03,392 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 37 shares)
FINANCIAL HIGHLIGHTS OF ACEVECTOR LTD
The table captures the key financials of AceVector Ltd for last 3 financial years.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 510.38 | 395.02 | 379.76 |
| Sales Growth (%) | 29.20% | 4.02% | |
| Profit after Tax (₹ in crore) | -45.51 | -126.31 | -51.30 |
| PAT Margins (%) | -8.92% | -31.97% | -13.51% |
| Total Equity (₹ in crore) | 120.08 | 126.33 | -142.09 |
| Total Assets (₹ in crore) | 575.28 | 558.09 | 410.50 |
| Return on Equity (%) | -37.90% | -99.98% | 36.10% |
| Return on Assets (%) | -7.91% | -22.63% | -12.50% |
| Asset Turnover Ratio (X) | 0.89 | 0.71 | 0.93 |
| Earnings per share (₹) | -1.32 | -3.04 | -1.26 |
| EBITDA (₹ in Crore) | -15.94 | -39.16 | -26.52 |
| EBITDA Margins (%) | -3.12% | -9.91% | -6.98% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
Most of the profitability ratios and the return on capital ratios are not too relevant to the investor as it has been consistently loss making. In fact, the equity had slipped into negative back in FY24. Hence, the company cannot be valued on traditional earnings-based parameters. It is also making losses at an EBITDA level.
VALUATION METRICS OF ACEVECTOR LTD IPO
The company has been consistently loss-making and even saw the equity capital dip into negative in FY24. Hence traditional parameters like P/E will not work here. However, there are some non-financial metrics that investors can focus on to take a call on whether to invest in the IPO or not.
AceVector Ltd offers the full suite including an ecommerce market place as well as ecommerce enablement through the SAAS model. The focus on value shoppers is likely to give a wider market for the portal in a price-sensitive market like India. The robust unit economics give hope of turn to profitability, with losses already narrowing. However, investors will have to take a more patient approach to the stock.
2026-09-25 — Anchor allocation
ACEVECTOR LTD IPO (ANCHOR ALLOCATION 44.31%)
BRIEF ON ANCHOR ALLOCATION OF ACEVECTOR LTD
The anchor issue of AceVector Ltd saw a strong response on 24th September 2026 with 44.31% of the IPO size absorbed by anchors. Out of 13,32,91,666 shares (1,332.92 lakh shares) on offer in the IPO; anchors picked up 5,90,62,500 shares (590.63 lakh shares) accounting for 44.31% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹32 per share. This includes the face value of ₹1 per share plus a share premium of ₹31 per share. The anchor bidding opened and closed on 24th September 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of AceVector Ltd
| Bid Date | September 24, 2026 |
|---|---|
| Shares Offered | 5,90,62,500 shares |
| Anchor Portion Size (₹ in crore) | ₹189.00 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Oct 29, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Dec 28, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN ACEVECTOR LTD
On 24th September 2026, AceVector Ltd allotted 5,90,62,500 shares to a total of 14 anchor investors. The allocation was done at the upper IPO price band of ₹32 per share which resulted in overall anchor allocation of ₹189.00 crore. The anchors have already absorbed 44.31% of the total issue size of ₹426.53 crore, after factoring in the employee discount offered in the IPO, if any.
Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹169.00 crores, or, 89.42% of the overall anchor allocation of shares, one trading day ahead of the IPO of AceVector Ltd. The individual anchor allocation of top-10 investors is indexed descending on the number of shares allotted.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Negen Undiscovered Value Fund | 1,24,99,812 | 21.16% | ₹ 40.00 |
| 02 | Singularity Growth Opportunities Fund | 84,37,104 | 14.29% | ₹ 27.00 |
| 03 | Turnaround Opportunities Fund | 62,49,672 | 10.58% | ₹ 20.00 |
| 04 | Alchemy Long Term Ventures Fund | 46,87,488 | 7.94% | ₹ 15.00 |
| 05 | Mavira Growth Opportunities Fund | 46,87,488 | 7.94% | ₹ 15.00 |
| 06 | LC Pharos Multi Strategy Fund | 46,87,488 | 7.94% | ₹ 15.00 |
| 07 | Helios Mid Cap Fund | 34,99,704 | 5.93% | ₹ 11.20 |
| 08 | Taurus Ethical Fund | 31,25,304 | 5.29% | ₹ 10.00 |
| 09 | Helios Small Cap Fund | 27,49,968 | 4.66% | ₹ 8.80 |
| 10 | Emerge Capital Opportunities Scheme | 21,87,864 | 3.70% | ₹ 7.00 |
| Grand Total | 5,28,11,892 | 89.42% | ₹ 169.00 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation, with the mutual fund portion segregated, can be accessed on BSE by clicking on the link below.
Out of the 5,90,62,500 shares allocated to the anchors in the IPO, there was an allocation of 93,74,876 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual funds was spread across 3 MF schemes of 2 asset management companies (AMC). Mutual funds accounted for 15.87% of the overall anchor allocation.
Out of the 5,90,62,500 shares allocated to the anchors in the IPO, there was no allocation of shares made to life insurance companies regulated by IRDAI.
The remaining anchor allocation was spread across FPIs, ODIs, and alternate investment funds (AIFs).
NEXT STEPS IN ACEVECTOR LTD IPO
Post the closure of the IPO subscription on 29th September 2026, the basis of allotment will be finalized on 30th September 2026 and the refunds will be initiated on 01st October 2026. In addition, the demat credits are expected to also happen on 01st October 2026 and the stock will list on 05th October 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 01st October 2026 under ISIN (INE580P01029).
2026-09-29 — Day-3 subscription update
AceVector Ltd (Day-3 Final Subscription at 4.93 times)
ACEVECTOR LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.40 pm on 29th September 2026, out of the 742.29 lakh shares on offer in the IPO (excluding anchor portion), AceVector Ltd saw bids for 3,661.43 lakh shares. This implies an overall subscription of 4.93X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of AceVector Ltd was as under:
| Employees (N.A.) | QIBs (3.38X) | HNI / NII (8.16X) | Retail (4.62X) |
|---|
The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO, although the total QIB subscription was less than expected. The company had seen steady anchor participation a day ahead of the IPO opening with 44.31% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 5,90,62,500 | 5,90,62,500 | 189.00 |
| Employee Quota | N.A. | 0 | 0 | 0.00 |
| QIB Investors | 3.38 | 3,99,21,876 | 13,48,53,264 | 431.53 |
| HNIs / NIIs | 8.16 | 2,05,84,374 | 16,79,37,120 | 537.40 |
| Retail Investors | 4.62 | 1,37,22,916 | 6,33,52,692 | 202.73 |
| Total | 4.93 | 7,42,29,166 | 36,61,43,076 | 1,171.66 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO of AceVector Ltd was open up to September 29, 2026, and has closed for subscription as of the close of trading hours on September 29, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹1,360.66 crore.
NEXT STEPS IN THE ACEVECTOR LTD IPO
Post the closure of the IPO subscription on 29th September 2026, the basis of allotment will be finalized on 30th September 2026 and the refunds will be initiated on 01st October 2026. In addition, the demat credits are expected to also happen on 01st October 2026 and the stock will list on 05th October 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 01st October 2026 under ISIN (INE580P01029).
2026-09-30 — Allotment guidance and next steps
AceVector Ltd IPO (How to check allotment status)
ABOUT THE ACEVECTOR LTD IPO
The IPO of AceVector Ltd opened on September 25th, 2026 and closed on September 29th, 2026. The overall IPO comprised only of a fresh issue of shares and an offer for sale (OFS) of 13,32,91,666 shares (1,332.92 lakh shares) worth ₹426.53 crore at the upper price band of ₹32 per share. The allotment status will be finalized by end of day (EOD) of September 30, 2026. Here is how to check your allotment status for the IPO of AceVector Ltd. You can check IPO status on the BSE website or on the NSE website or on website of the IPO Registrar (MUFG Intime India Private Ltd).
CHECKING THE ALLOTMENT STATUS OF ACEVECTOR LTD IPO ON BSE WEBSITE
This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select AceVector Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip OR
Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of AceVector Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits.
CHECKING ALLOTMENT STATUS OF ACEVECTOR LTD IPO ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select ACEVECTOR from the dropdown box
Enter the Application Number / CAF exactly as in the acknowledgement slip AND
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of AceVector Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF ACEVECTOR LTD ON MUFG INTIME INDIA PRIVATE LIMITED (REGISTRAR TO THE IPO)
Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
There are 4 options available to you to access the allotment status, and you can use any of these options to query.
You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.
The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.
You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.
You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book.
Finally, click on the SUBMIT button.
In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to ipo.helpdesk@in.mpms.mufg.com or you can call on (0)-81081-14949 for voice call.
NEXT STEPS IN THE ACEVECTOR LTD IPO
Post the closure of the IPO subscription on 29th September 2026, the basis of allotment will be finalized on 30th September 2026 and the refunds will be initiated on 01st October 2026. In addition, the demat credits are expected to also happen on 01st October 2026 and the stock will list on 05th October 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 01st October 2026 under ISIN (INE580P01029).
Interested in applying for this IPO?
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