SoftBank-Backed AceVector to Launch Rs 420-Cr IPO on September 25, Offering Shares at Rs 30-32 Each.
The upcoming initial public offering (IPO) of AceVector Ltd, backed by SoftBank, has generated significant interest among potential investors, with a price band set between Rs 30-32 per equity share. The IPO, which opens for subscription on September 25 and closes on September 29, comprises a fresh issue of equity shares worth Rs 287 crore along with an Offer-for-Sale (OFS) totaling 4.16 crore shares valued at Rs 133 crore from existing stakeholders. Notably, the co-founders, Kunal Bahl and Rohit Bansal, have opted not to divest their holdings, retaining a 33.99% stake in the company, which suggests a strong belief in the company’s future potential.
AceVector operates within a diversified digital commerce ecosystem, featuring brands like Snapdeal and Unicommerce, the latter of which has successfully listed its own IPO in 2024. The recent reduction in IPO size indicates a strategic move by the company, from an initial plan of a Rs 300-crore fresh issue and 6.38 crore equity shares for sale. The operational metrics reflect a promising trajectory, as the entity reported an operating revenue of Rs 510.38 crore for FY26, marking a substantial growth of 29% year-on-year. This positive revenue trend is juxtaposed with a narrowing of its adjusted EBITDA loss to Rs 15.94 crore, which highlights improved operational efficiency.
The scheduled market debut on October 5 will offer investors a near-term opportunity to participate in a growing digital commerce landscape. The strong backing from distinguished investors like SoftBank, Nexus Venture Partners, and Foxconn further underscores the company’s credibility and potential for long-term value creation. Overall, AceVector’s evolving operational metrics along with its ability to foster multiple business arms within the digital commerce space make it a compelling entry point for investors looking for exposure in the tech-driven retail sector.
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Investors should pay close attention to AceVector’s IPO given its strong revenue growth and shrinking losses, which indicate operational improvements. The backing by prominent investors adds a layer of confidence, making this IPO an attractive opportunity for those seeking to diversify in the digital commerce space.
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Source: The Economic Times
(Expert Note: This intelligence brief was structured and verified by the Wealthova editorial desk.)