BSE List Price : ₹28.30

NSE List Price : ₹28.32

Subscription

Category	Times
QIBs	3.42x
HNIs	8.53x
Retail	4.83x
Total : 5.07x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	468	₹14,976
Retail Maximum	13	6,084	₹194,688
S - HNI Minimum	14	6,552	₹209,664
S - HNI Maximum	66	30,888	₹988,416
B - HNI Minimum	67	31,356	₹1,003,392

About the Company

AceVector Limited is a New Delhi-based asset-light digital commerce ecosystem operating across e-commerce, e-commerce-enablement SaaS and consumer brands. The company was incorporated in 2007 as Jasper Infotech Limited and was renamed AceVector Limited in 2023.

Three Core Businesses: AceVector operates through Snapdeal, Unicommerce and Stellaro Brands, covering both B2C and B2B segments across the digital commerce value chain.

Snapdeal: A value-focused e-commerce marketplace offering lifestyle products, including fashion, home and general merchandise, beauty and personal care. In FY2026, Snapdeal served customers across 18,972 pin codes, with 82.22% of delivered units coming from non-metro cities.

Unicommerce: The company's e-commerce enablement SaaS business, operated through Uniware, Shipway and Convertway. As of 31 March 2026, the platforms served 8,261 clients and provided integrations across marketplaces, web stores, logistics and other operational systems.

Stellaro Brands: The consumer-brand business operated through an omnichannel model. Its current portfolio includes Rangita, a women's ethnic-wear brand operating through online channels and 19 omnichannel stores.

FY2026 Revenue Mix: Snapdeal contributed approximately 57.5%, Unicommerce approximately 40%, and Stellaro Brands the remaining portion of revenue from operations.

Products & Services

Snapdeal Marketplace: Value-focused online marketplace offering fashion, home, general merchandise, beauty and personal-care products.

Unicommerce SaaS: E-commerce technology solutions through Uniware, Shipway and Convertway, covering order processing, inventory, warehouse management, logistics, returns and post-purchase operations.

Stellaro Brands: Development and retailing of consumer brands, including Rangita women's ethnic wear, through online and physical channels.

Technology & Data Solutions: Proprietary technology, data and AI-driven capabilities supporting seller onboarding, catalogue management, fraud detection, personalised recommendations and digital commerce operations.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹384.74	₹427.67	₹51.30	₹410.50
2025	₹406.77	₹453.75	₹126.31	₹558.09
2026	₹537.67	₹575.22	₹45.51	₹575.28

Company Promoter

Kunal Bahl

Rohit Kumar Bansal

Starfish I Pte.Ltd.

Know before investing

• • Strengths

  Diversified Digital Commerce Ecosystem: AceVector combines value-focused e-commerce, SaaS-based e-commerce enablement and consumer brands under one ecosystem.

  Strong Tier 2+ Presence: Snapdeal served 18,972 pin codes in FY2026, with 82.22% of delivered units originating from non-metro cities.

  Established SaaS Platform: Unicommerce served 8,261 clients as of 31 March 2026 through Uniware, Shipway and Convertway.

  Proprietary Technology: The company uses an in-house technology stack supporting personalised shopping, seller onboarding, catalogue management, fraud detection and other digital-commerce functions.

  Asset-Light Model: The businesses are structured around marketplace, SaaS and brand operations rather than a traditional inventory-heavy retail model.

  Multiple Revenue Streams: In FY2026, Snapdeal contributed 57.5% and Unicommerce approximately 40% of revenue from operations, providing exposure to both marketplace and SaaS businesses.

• • Risks

  Continuing Losses: AceVector reported a restated loss of 45.51 crore in FY2026, compared with 126.31 crore in FY2025 and 51.30 crore in FY2024.

  Negative Operating Cash Flow: The company reported net cash used in operating activities in FY2026, FY2025 and FY2024, indicating continued cash-flow pressure despite revenue growth.

  Snapdeal Dependence: Snapdeal contributed 57.54% of revenue from operations in FY2026, compared with 63.25% in FY2025 and 66.59% in FY2024. A slowdown in the marketplace business could materially affect overall performance.

  Customer Acquisition Risk: Snapdeal's growth depends on acquiring and retaining users cost-effectively. Higher marketing expenditure or lower customer engagement could affect revenue and margins.

  Highly Competitive Industry: AceVector operates in a highly competitive e-commerce and digital-commerce environment, where competition can affect customer acquisition, pricing, margins and market share.

  Unicommerce Control Risk: AceVector holds 26.13% equity in Unicommerce eSolutions Limited. Changes in board rights or effective control could affect its ability to consolidate Unicommerce's financial results.

  Changing Consumer Behaviour: The business depends on continued growth of digital commerce and changing consumer preferences, particularly among value-conscious customers in Tier 2+ and smaller cities.

  Technology & Cybersecurity Risk: The company's businesses depend heavily on technology infrastructure, data and digital platforms. System failures, cybersecurity incidents or data breaches could affect operations and customer trust.

Objects of the Issue & Utilisation of proceeds

Marketplace Marketing & Business Promotion — 132 crore: The company proposes to use 132 crore from the fresh issue towards marketing and business-promotion expenses for the Snapdeal marketplace business.

Technology Infrastructure — 50 crore: 50 crore is proposed for technology-infrastructure costs of the marketplace business.

General Corporate Purposes / Inorganic Growth: The remaining fresh-issue proceeds are proposed for general corporate purposes and inorganic growth/acquisitions, subject to the terms of the final offer document.

Offer for Sale — 133 crore: The OFS proceeds will go to the existing selling shareholders and will not be received by AceVector.

Company Address

Acevector Ltd.
Mezzanine Floor, A-83,
Okhla Industrial Area,
Ph-II,
Delhi, New Delhi, 110020
Phone: +91 1244739850
Email: contact@acevector.com
Website: https://www.acevector.com/

IPO Registrar

MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: acevector.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html