AceVector IPO Launches: Explore GMP and Essential Details Ahead of Bidding!

AceVector Ltd., the parent company of Snapdeal, has commenced its Rs 420 crore IPO for subscription today, September 25, 2026, with the offering set to remain open until September 29. The IPO comprises a fresh issue of 8.97 crore shares worth Rs 287 crore and an offer for sale (OFS) of 4.16 crore shares, amounting to Rs 133 crore. The price band for this IPO has been fixed between Rs 30-32 per share, requiring retail investors to make a minimum investment of Rs 14,976 for one lot of 468 shares. The planned listing is scheduled for October 5, pending the IPO allotment, which will be finalized on September 30.

In the grey market, AceVector’s IPO is currently trading at a 6% premium (GMP), amounting to Rs 2 over the upper issue price of Rs 32. This implies that the expected listing price could be around Rs 34 per share, indicating a steady demand. Such sentiment in the grey market, although unofficial, often serves as a gauge for retail investors’ willingness to participate. The interest from investors could be attributed to AceVector’s recent financial performance, which shows a significant recovery with total income rising by 32% and a notable narrowing of net losses.

For Indian investors, AceVector’s IPO represents a potential opportunity to invest in a burgeoning digital commerce ecosystem. As the company aims to enhance its marketing and technology infrastructure, the prospects for growth in the value e-commerce market could be promising. Moreover, the steady grey market sentiment suggests that investors may anticipate positive returns upon listing, making it an appealing option for those looking to diversify their portfolios in the current market landscape.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)