AceVector shares list at 12% discount to IPO price on BSE, NSE

Shares of AceVector made a weak debut on Monday, listing at a discount of nearly 12% to the issue price. The stock opened at Rs 28.32 apiece on the NSE, down 11.5% from the IPO price of Rs 32.

On the BSE, it opened at Rs 28.30, a discount of 11.56% to the issue price.

The Rs 420-crore public issue was priced in the range of Rs 30–32 per share, with the upper end of the price band at Rs 32. The issue comprised a fresh issue of 8.97 crore shares aggregating to Rs 287 crore and an offer for sale (OFS) of 4.16 crore shares worth Rs 133 crore.

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The IPO opened for subscription on September 25 and closed on September 29, 2026. The issue was subscribed 5.07 times overall. The retail portion was subscribed 4.83 times, while the qualified institutional buyers (QIB) category, excluding anchor investors, was subscribed 3.42 times. The non-institutional investors (NII) category saw subscription of 8.53 times by the final day.

The share allotment was finalised on September 30, with the company scheduled to list its shares on both the NSE and BSE on October 5, 2026.

The IPO had a lot size of 468 shares. At the upper price band of Rs 32 per share, retail investors required a minimum investment of Rs 14,976 for one lot.

IIFL Capital Services Ltd., CLSA India Pvt. Ltd. and Systematix Corporate Services Ltd. are the book-running lead managers to the issue, while MUFG Intime India Pvt. Ltd. is the registrar.


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IPO Proceeds

The company plans to utilise Rs 132 crore of the net IPO proceeds to fund a portion of the marketing and business promotion expenses of its Marketplace business. Another Rs 50 crore will be used towards technology infrastructure costs for the Marketplace business.

The remaining proceeds will be utilised for inorganic growth through acquisitions and general corporate purposes. The total amount earmarked under the specified IPO objects is Rs 182 crore.

Financial Performance

Acevector Ltd.’s total income increased 32%, rising from Rs 407 crore in FY25 to Rs 538 crore in FY26. Meanwhile, the company narrowed its net loss significantly to Rs 45 crore in FY26, from Rs 126 crore in FY25.

About Acevector Ltd.

Incorporated in 2007, Acevector Ltd. operates an asset-light digital commerce ecosystem through its subsidiaries, spanning data, technology, and AI-driven businesses. Its operations include a value-focused e-commerce marketplace, e-commerce enablement SaaS platforms, and consumer brand businesses.

The ecosystem comprises: (i) Snapdeal, a value-driven lifestyle e-commerce marketplace offering affordable and quality merchandise across lifestyle categories (ii) Uniware, Convertway, and Shipway, providing a comprehensive suite of e-commerce enablement SaaS products that support end-to-end e-commerce operations; and (iii) Stellaro Brands, an omnichannel portfolio of value-focused consumer brands. In FY 2026, Snapdeal served customers nation-wide across 18,972 pin codes in India, primarily catering to middle-income, value-conscious consumers in Tier 2+ and smaller cities—an important segment of the large untapped value e-commerce market.

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