Apart from the fresh issue, the IPO will also include an offer for sale (OFS) of 6.38 million shares by existing shareholders, as per the updated draft red herring prospectus (UDRHP).
As part of the OFS, promoter Starfish I Pte Ltd and other partners Nexus, Wonderful Star Pte Ltd, Kenneth Stuart Glass, Jason Ashok Kothari, Priyanka Shreevar Kheruka, Rupen Investment and Industries, and Centaurus Trading and Investments will raise their stake.
Despite the sale of shares by several investors, AceVector promoters and founders Kunal Bahl and Rohit Bansal, who together hold 23.56 per cent stake, will not participate in the OFS. However, another promoter company Starfish, which holds a 30.68 percent stake in the company, will divest part of its stake.
The company plans to use the IPO proceeds to strengthen its technology infrastructure, support marketing and business promotion for Snapdeal, pursue inorganic growth through acquisitions, and meet general corporate needs.
The Gurugram-based company operates Snapdeal, a value-oriented lifestyle e-commerce marketplace; UniCommerce, an e-commerce enablement SaaS platform; and Stelaro Brands, the comprehensive consumer brand arm.
Financially, AceVector reported an operating income of Rs 244 crore in H1 FY26, up 34 percent from Rs 181 crore in H1 FY25. During the same period, its adjusted EBITDA loss declined significantly to Rs 9.2 crore from Rs 28 crore a year ago.
AceVector began its IPO journey earlier this year by filing confidential draft papers with Sebi in July and later receiving approval in November. By taking the confidential pre-filing route, the company was able to delay public disclosure of the IPO details until the later stages.
