SoftBank-backed digital commerce firm AceVector Ltd has filed an Updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI) as it moves ahead with plans to launch its initial public offering.
IPO Structure
The upcoming IPO will consist of a fresh issue of ₹300 crore along with an offer for sale (OFS) of 6.38 crore equity shares by existing investors.
The OFS component will include share sales from:
- Starfish I Pte Ltd (promoter entity)
- Nexus
- Wonderful Star Pte Ltd
- Kenneth Stuart Glass
- Jason Ashok Kothari
- Priyanka Shreevar Kheruka
- Rupen Investment and Industries
- Centaurus Trading and Investments
According to the updated filing, AceVector’s founders and key promoters Kunal Bahl and Rohit Bansal, who jointly hold 34.63% of equity, will not participate in the share sale. Their ownership includes:
- Kunal Bahl: 12.42%
- Rohit Bansal: 11.14%
- 11.07% through their joint entity, B2 Professional Services LLP
Meanwhile, promoter Starfish I Pte Ltd, which holds 30.68%, will dilute part of its stake.
Use of Proceeds
Funds raised from the fresh issue are proposed to be allocated toward:
- Strengthening technology infrastructure
- Marketing and promotional spending for Snapdeal
- Potential strategic acquisitions
- General corporate purposes
Business Overview
Based in Gurugram, AceVector operates across three business verticals:
| Business Segment | Description |
| Snapdeal | Value-focused lifestyle e-commerce marketplace |
| Unicommerce | SaaS platform offering e-commerce enablement solutions |
| Stellaro Brands | Omnichannel consumer products division |
Financial Snapshot
For the first half of FY26, AceVector reported:
- ₹244 crore in operating revenue — up 34% from ₹181 crore in H1 FY25
- Adjusted EBITDA loss reduced to ₹9.2 crore, compared to ₹28 crore in the year-earlier period
Regulatory Progress
AceVector initiated its IPO journey in July under SEBI’s confidential pre-filing mechanism, which permits companies to defer public disclosure of draft prospectus details during early review stages. The company received regulatory clearance in November, paving the way for the next steps toward its stock market debut.
The IPO will proceed subject to regulatory approvals, market conditions, and final timing decisions.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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