Snapdeal IPO
E-Commerce/App based Aggregator • ₹420cr
High risk because:
- Loss-making or weak profitability noted in DRHP
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹30-32
Lot Size
468 shares
Issue Size
₹420cr
Open
25 Sept 2026
Close
29 Sept 2026
Subscription
0.96×
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 Snapdeal
AceVector (formerly Snapdeal Limited) runs three online businesses. Snapdeal is a budget shopping marketplace. It holds no stock of its own and earns marketing, advertising and delivery fees from sellers. Unicommerce, a listed subsidiary, sells subscription software that helps online sellers manage orders, inventory and shipping. Stellaro Brands sells its own ethnic wear brand, Rangita. In FY2026, AceVector’s revenue was ₹510.38 Crore, with Snapdeal contributing 57.54% and Unicommerce 40.04%. That year, Snapdeal delivered 25.98 million units across 18,972 pin codes, and Unicommerce served 8,261 clients. The company’s key moat is a zero-inventory model aimed at value shoppers in smaller cities, with courier and cloud costs shared across its businesses. Listed peers named in the RHP are Nykaa, FirstCry and Meesho. The company was founded in 2007 by Kunal Bahl and Rohit Kumar Bansal. They are its promoters along with SoftBank’s Starfish I Pte. Ltd., and together they hold 53.24% before the offer. Other pre-IPO investors include Nexus, eBay and Dunearn.
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
0.96×
Total Subscription
Investment Analysis
Snapdeal — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.0x and elevated disclosed risk (8/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Segment Leadership: Per the 1Lattice report (company-commissioned), Snapdeal is a top-two value marketplace and Unicommerce is the largest e-commerce SaaS.
- Asset-Light Model: Snapdeal holds no inventory. Tech and fixed costs per delivered unit fell 65.22% to ₹28.99 between FY2024 and FY2026.
- Repeat-Driven Growth: Delivered units rose to 25.98 million in FY2026 from 14.81 million in FY2024, with 82.91% from repeat customers.
- Profitable SaaS Arm: Unicommerce revenue roughly doubled to ₹204.34 Crore in FY2026, with an Adjusted EBITDA margin of 20.20%.
- In-House Technology: In FY2026, 72.69% of Snapdeal orders came through AI recommendations, without the customer typing a search.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
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 Snapdeal IPO?
The price band is ₹30-32 per share with a lot size of 468 shares. Minimum investment: ₹14,976.
What does Snapdeal do?
AceVector (formerly Snapdeal Limited) runs three online businesses. Snapdeal is a budget shopping marketplace. It holds no stock of its own and earns marketing, advertising and delivery fees from sellers. Unicommerce, a listed subsidiary, sells subscription software that helps online sellers manage orders, inventory and shipping. Stellaro Brands sells its own ethnic wear brand, Rangita. In FY2026, AceVector’s revenue was ₹510.38 Crore, with Snapdeal contributing 57.54% and Unicommerce 40.04%. That year, Snapdeal delivered 25.98 million units across 18,972 pin codes, and Unicommerce served 8,261 clients. The company’s key moat is a zero-inventory model aimed at value shoppers in smaller cities, with courier and cloud costs shared across its businesses. Listed peers named in the RHP are Nykaa, FirstCry and Meesho. The company was founded in 2007 by Kunal Bahl and Rohit Kumar Bansal. They are its promoters along with SoftBank’s Starfish I Pte. Ltd., and together they hold 53.24% before the offer. Other pre-IPO investors include Nexus, eBay and Dunearn.
Should I apply for Snapdeal IPO?
Snapdeal is drawing muted interest at 1.0x overall subscription (QIB 1.0x, retail 1.1x). IPOFins Score 4/10: Driven by QIB demand at 1.0x and elevated disclosed risk (8/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Snapdeal?
Snapdeal was founded by Mr Kunal Bahl and Mr Rohit Kumar Bansal in 2007.