IPO · Commerce & Consumer Brands
AceVector files confidential draft papers for IPO
By Startup Enthusiast ·
- Date
- Company
- AceVector
- What it does
- Digital commerce ecosystem and holding company
- Kind
- IPO
- Amount
- ₹500 Cr
- Stage
- pre-filing
- Based in
- Gurgaon
- Founded
- 2022
What they do
AceVector is a Gurugram-based holding company that operates the e-commerce marketplace Snapdeal, the SaaS platform Unicommerce, and the brand-building firm…
What happened
The company has confidentially submitted its draft red herring prospectus to the market regulator for an initial public offering, reportedly targeting ₹500…
Why it matters
This move marks the group's second attempt at a public listing following the successful 2024 IPO of its subsidiary, the e-commerce enablement firm Unicommerce
The details
- AceVector has submitted its draft red herring prospectus (a preliminary document for a public share sale) to the market regulator under a private filing process.
- AceVector has reportedly engaged CLSA and IIFL to act as the merchant bankers for this transaction.
- The confidential filing route permits the company to keep financial details private until the final stages of the process.
- This action comes after the positive stock market entry of its subsidiary, Unicommerce, which went public last year.
The bigger picture
- The group previously canceled its plans for a ₹1,250 crore Snapdeal IPO in late 2022 due to poor market conditions.
- The private filing mechanism grants issuers an 18-month window to complete their IPO after receiving regulatory feedback.
- Businesses using this method may adjust their primary issue size by as much as 50% before the final prospectus is released.
About the business
- AceVector functions as a digital commerce ecosystem targeting the Bharat (non-metro) consumer segment.
- Snapdeal serves as the group's value-oriented marketplace, with over 80% of its orders coming from smaller cities.
- Unicommerce provides software-as-a-service (SaaS) tools for managing inventory, orders, and shipping for online brands.
The deal
- Type
- IPO
Founders
- Kunal Bahl, Co-founder
- Rohit Bansal, Co-founder
Other articles talking about it
More on AceVector
- Snapdeal parent AceVector raises Rs 189 crore via anchor book24 September 2026 · IPO · Rs 189 crore
- AceVector files for initial public offering12 September 2026 · IPO · ₹300 Cr
- AceVector files updated IPO papers for ₹300 crore6 December 2025 · IPO · ₹300 Cr
- AceVector gets SEBI approval for IPO17 November 2025 · IPO
- AceVector appoints new CEOs for Snapdeal and Stellaro8 January 2025 · People