AceVector (Snapdeal) IPO
E-Commerce/App based Aggregator • ₹420 Cr
High risk because:
- Loss-making or weak profitability noted in DRHP
- Low institutional interest (QIB 0.5x subscription)
- 5 material risk factors disclosed in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹30-32
Lot Size
468 shares
Issue Size
₹420 Cr
Open
25 Sept 2026
Close
29 Sept 2026
Subscription
0.63×
GMP +₹1.25 → est. ₹33.25
IPO Schedule
| Issue Open Date | 25 Sept 2026 |
| Issue Close Date | 29 Sept 2026 |
| Allotment Date | 30 Sept 2026 |
| Listing Date | 05 Oct 2026 |
About AceVector (Snapdeal)
AceVector is a digital commerce company operating businesses across value e-commerce, e-commerce enablement software and consumer brands. Its businesses include Snapdeal, a value-focused e-commerce marketplace offering products across fashion, home and general merchandise, and beauty and personal care; Unicommerce, which provides SaaS products for managing e-commerce operations through its Uniware, Shipway, and Convertway platforms; and Stellaro Brands, a consumer brands business operating online channels and omnichannel retail stores. Unicommerce’s products cover order processing, inventory, warehouse and store management, shipping, logistics, and marketing automation. Stellaro Brands currently operates the Rangita women’s ethnic wear brand through online channels and 19 omnichannel single-brand retail stores. AceVector operates through its subsidiaries, including Unicommerce eSolutions Limited and Stellaro Brands Private Limited, and uses shared functions covering technology, finance, legal, human resources and other corporate activities.
Company Details
Founders / Promoters
Mr Kunal Bahl and Mr Rohit Kumar Bansal
Founded
2007
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
0.63×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹32
GMP
+₹1.25
Est. Listing
₹33.25
Est. Gain
+3.9%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
AceVector (Snapdeal) — IPOFins Verdict
QuantitativeDriven by QIB demand at 0.5x and elevated disclosed risk (9/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- AceVector operates across three businesses covering value-focused e-commerce, e-commerce enablement SaaS and consumer brands. Its businesses span B2C and B2B segments and benefit from shared technolog
- Snapdeal served customers across 18,972 pin codes in FY26 and generated marketplace revenue of Rs 293.67 crore. The company claims that Snapdeal is among the top two pure-play value marketplace platfo
- Snapdeal operates without holding inventory and uses third-party logistics providers for fulfilment. Its logistics allocation engine selects courier partners based on cost, delivery speed, and histori
- The company claims to operate an in-house, modular, and scalable technology stack covering seller onboarding, catalogue management, fraud detection, and personalised product recommendations. In FY2026
- Unicommerce’s SaaS revenue increased from Rs 103.58 crore in FY24 to Rs 134.79 crore in FY25 and Rs 204.34 crore in FY26. Its Adjusted EBITDA increased from Rs 16.20 crore to Rs 25.35 crore and Rs 41.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.6
Institutional subscription → score −1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of AceVector (Snapdeal) IPO?
The price band is ₹30-32 per share with a lot size of 468 shares. Minimum investment: ₹14,976.
What does AceVector (Snapdeal) do?
AceVector is a digital commerce company operating businesses across value e-commerce, e-commerce enablement software and consumer brands. Its businesses include Snapdeal, a value-focused e-commerce marketplace offering products across fashion, home and general merchandise, and beauty and personal care; Unicommerce, which provides SaaS products for managing e-commerce operations through its Uniware, Shipway, and Convertway platforms; and Stellaro Brands, a consumer brands business operating online channels and omnichannel retail stores. Unicommerce’s products cover order processing, inventory, warehouse and store management, shipping, logistics, and marketing automation. Stellaro Brands currently operates the Rangita women’s ethnic wear brand through online channels and 19 omnichannel single-brand retail stores. AceVector operates through its subsidiaries, including Unicommerce eSolutions Limited and Stellaro Brands Private Limited, and uses shared functions covering technology, finance, legal, human resources and other corporate activities.
Should I apply for AceVector (Snapdeal) IPO?
AceVector (Snapdeal) is drawing muted interest at 0.6x overall subscription (QIB 0.5x, retail 1.0x). IPOFins Score 2/10: Driven by QIB demand at 0.5x and elevated disclosed risk (9/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded AceVector (Snapdeal)?
AceVector (Snapdeal) was founded by Mr Kunal Bahl and Mr Rohit Kumar Bansal in 2007.