ACEVECTOR LIMITED IPO
Offer terms, application timeline, financial context and company details in one place.
Issue at a glance
- Issue size
- ₹0.01 crore
- Face value
- ₹1
- Issue method
- Book Building
- Fresh issue
- ₹0.01 crore
- Symbol
- ACEVECTOR
- ISIN
- INE580P01029
Subscription
1.02×overall subscribed
| Investor category | Applications | Shares bid | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers(QIBs) | — | 4,02,49,404 | 1.01× |
| Foreign Institutional Investors(FIIs) | — | 3,93,12,000 | — |
| Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 0 | — |
| Mutual funds | — | 0 | — |
| Others | — | 9,37,404 | — |
| Non Institutional Investors | — | 2,14,74,648 | 1.04× |
| Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | — | 1,41,64,488 | 1.03× |
| Corporates | — | 10,61,424 | — |
| Individuals(Other than RIIs) | — | 1,30,40,352 | — |
| Others | — | 62,712 | — |
| Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | — | 73,10,160 | 1.07× |
| Corporates | — | 26,676 | — |
| Individuals(Other than RIIs) | — | 68,18,292 | — |
| Others | — | 4,65,192 | — |
| Retail Individual Investors(RIIs) | — | 1,37,50,776 | 1× |
| Cut Off | — | 1,12,99,860 | — |
| Price bids | — | 24,50,916 | — |
| Total | — | 7.55 | 1.02× |
Demand by bid price
About the company
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.
Financial snapshot
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 575.28 | 558.09 | 410.50 |
| Total Income | 537.67 | 406.77 | 384.74 |
| Profit After Tax | -45.51 | -126.31 | -51.30 |
| EBITDA | -22.17 | -107.79 | -35.77 |
| NET Worth | 102.08 | 126.33 | -142.09 |
| Reserves and Surplus | 56.99 | 86.59 | -181.83 |
What to consider
Business strengths
- Diversified Digital Commerce EcosystemAceVector operates across e-commerce, SaaS and consumer brands, supported by centralised strategy, shared capabilities and financial efficiencies. This diversified ecosystem supports growth across its different businesses.
- Leading Value-Focused MarketplaceSnapdeal is positioned as a value-focused e-commerce marketplace designed for value-conscious shoppers. It offers a broad range of lifestyle products targeting consumers in Tier 2+ and smaller cities.
- Operating Leverage & Unit EconomicsThe company has developed unit economics with operating leverage in effect. This provides a framework for improving profitability as its businesses scale.
Key risks
- History of LossesThe company incurred restated losses of ₹455.06 million, ₹1,263.06 million and ₹512.97 million in Financial Years 2026, 2025 and 2024, respectively. If it is unable to generate sufficient revenue growth while managing expenses and cash flows, it may continue to incur losses.
- Negative Cash FlowsAceVector reported net cash flows used in operating activities during Financial Years 2026, 2025 and 2024, as well as net cash flows used in financing activities in Financial Year 2026. The company may continue to have a net cash outflow position in the future.
- Dependence on SnapdealSnapdeal contributed ₹2,936.75 million, ₹2,498.67 million and ₹2,528.87 million of revenue from operations in Financial Years 2026, 2025 and 2024, respectively, representing 57.54%, 63.25% and 66.59% of total revenue.