[Update] AceVector IPO Closes With 4.93X Oversubscription

Update | September 29, 2026 19:55 IST

Snapdeal parent AceVector’s ₹420 Cr IPO was oversubscribed 4.93X at the end of the final day of bidding today. The issue received bids for 36.61 Cr shares against 7.42 Cr shares on offer, according to BSE data as of 19:00 IST.

Non-institutional investors (NIIs) oversubscribed their quota the highest at 8.16X, placing bids for 16.79 Cr shares against 2.05 Cr shares earmarked for them.

Within this, the portion for NIIs bidding for lots over ₹10 Lakh was oversubscribed 8.92X while bids above ₹2-10 Lakh was over subscribed 6.64X.

Retail investors bid for 6.33 Cr shares against the 1.37 Cr shares reserved for them, translating to an oversubscription of 4.62X.

The portion reserved for qualified institutional buyers (QIBs) was subscribed 3.38X, with these investors placing bids for 13.49 Cr shares against 3.99 Cr shares on offer.

Original | September 29, 2026 15:49 IST

Snapdeal parent AceVector’s ₹420 Cr IPO was oversubscribed 2.59X on the final day of bidding, with investors placing bids for 19.25 Cr shares against 7.42 Cr shares on offer, according to BSE data.

The highest number of bids have come from non institutional investors (NIIs) till now, who have placed bids for 8.46 Cr shares against the 2.06 Cr shares earmarked for them. This translates to a 4.11X oversubscription of their quota. 

Within the category, the portion reserved for investors bidding between ₹2 Lakh and ₹10 Lakh was oversubscribed 3.58X while the portion for NIIs bidding for lots exceeding ₹10 Lakh was subscribed 4.38X. 

Following NIIs, qualified institutional buyers (QIBs) have placed the second highest number of bids for 6.38 Cr shares against the 3.99 Cr shares reserved for them. These investors have oversubscribed their quota by 1.61X.

Within the category, foreign institutional investors have placed bids for 3.99 Cr while domestic financial institutions have placed bids for 1.56 Cr. 

Meanwhile, retail investors also oversubscribed their quota by 3.22X so far, placing bids for 4.41 Cr shares against the 1.37 Cr shares reserved for them.

The grey market premium (GMP) for the Snapdeal parent currently is at ₹2, indicating a slight premium listing. Following the close of bidding by today, AceVector’s shares are set to make their public market debut on the BSE and NSE tentatively on October 5.

AceVector has set a price band of ₹30-₹32 per share, valuing the company at up to ₹1,741.4 Cr ($181.7 Mn).

The issue comprises a fresh issue of shares worth ₹287 Cr and an OFS of up to 4.16 Cr shares, worth ₹133 Cr at the upper end of the price band.

Ahead of opening the public issue for subscription, AceVector raised ₹189 Cr from anchor investors yesterday. Helios Mutual Fund and Taurus Ethical Fund were the only domestic mutual funds to participate, together picking up 93.75 Lakh shares, or 15.87% of the anchor allocation.

AceVector plans to use ₹132 Cr of the net proceeds from the fresh issue for Snapdeal’s marketing and business promotion, and another ₹50 Cr for its technology infrastructure. 

The remaining proceeds will go towards acquisitions and general corporate purposes. Meanwhile investors like SoftBank and Nexus Venture Partners are offloading their shares via the offer for sale (OFS) component of the IPO.

Founded in 2010 by Kunal Bahl and Rohit Bansal, AceVector started off as ecommerce platform, Snapdeal. Following the collapse of its proposed merger with Flipkart in 2017, it pivoted to a value-focused ecommerce model.

Besides Snapdeal, AceVector’s businesses include listed ecommerce SaaS company Unicommerce and consumer brands business Stellaro Brands. The group adopted the AceVector identity in 2022.

On the financial front, AceVector’s restated net loss narrowed nearly 64% to ₹45.5 Cr in FY26 from ₹126.3 Cr in FY25. Operating revenue rose 29.2% to ₹510.3 Cr from ₹395 Cr.

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