AceVector Shares Debut on BSE and NSE with 2% Grey Market Premium

AceVector is set to commence trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, October 5, 2026. Investors have shown a cautious but positive sentiment in the grey market, where the shares currently trade at a premium of approximately 2% over the upper price band.

The initial public offering (IPO) raised around Rs 420 crore, with the share price fixed between Rs 30 and Rs 32. The final price was set at Rs 32 per share. This public issue included a fresh issue of 8.97 crore shares amounting to Rs 287 crore and an offer for sale (OFS) of 4.16 crore shares valued at Rs 133 crore.

The subscription period for the IPO ran from September 25 to September 29, 2026, and the issue was subscribed 5.07 times overall. The retail investor segment was oversubscribed by nearly five times, standing at 4.83, while qualified institutional buyers (QIBs), excluding anchor investors, subscribed at a rate of 3.42 times. Non-institutional investors showed significant interest with an 8.53 times subscription by the last day.

Allotment of shares was completed on September 30, setting the stage for the official listing on both major exchanges. The IPO lot size was 468 shares, meaning retail investors needed to invest at least Rs 14,976 to apply for one lot at the top end of the price band.

Leading the issue as book-running lead managers were IIFL Capital Services Ltd., CLSA India Pvt. Ltd., and Systematix Corporate Services Ltd., with MUFG Intime India Pvt. Ltd. serving as the registrar.

Grey Market Premium and Expected Listing Price

The grey market premium (GMP) for AceVector shares is currently Rs 1 per share, equating to a 2% premium over the Rs 32 upper price band. This suggests an anticipated listing price close to Rs 33 per share. However, investors should note that GMP is an unofficial market indicator and does not guarantee the final listing price or future returns.

Use of IPO Funds

AceVector plans to allocate Rs 132 crore from the net IPO proceeds towards marketing and business promotion activities related to its Marketplace business. Another Rs 50 crore will be invested in strengthening the technology infrastructure supporting this segment.

The remaining funds will be directed toward inorganic growth initiatives, including acquisitions, as well as general corporate purposes. In total, Rs 182 crore has been earmarked for these strategic objectives.

Financial Performance Overview

In the fiscal year 2026, AceVector reported a total revenue of Rs 538 crore, marking a 32% increase from Rs 407 crore in the previous year. The company has also reduced its net loss substantially, from Rs 126 crore in FY25 to Rs 45 crore in FY26, reflecting operational improvements.

About AceVector Ltd.

Founded in 2007, AceVector operates a digital commerce ecosystem that leverages data, technology, and artificial intelligence across its subsidiaries. The company provides a value-oriented e-commerce marketplace, software-as-a-service (SaaS) platforms for e-commerce enablement, and a portfolio of consumer brands.

Its key businesses include Snapdeal, a lifestyle e-commerce platform focused on affordable quality products across multiple categories. The company also runs Uniware, Convertway, and Shipway, SaaS platforms that offer end-to-end e-commerce support solutions. Stellaro Brands is AceVector’s omnichannel consumer brand portfolio.

Snapdeal’s reach extends to 18,972 pin codes across India, primarily serving middle-income and value-conscious buyers in Tier 2 and smaller cities. This demographic represents a significant portion of the underpenetrated value e-commerce market in the country.

Investors and market watchers will be closely observing AceVector’s stock performance following its debut, as the company’s growth strategies and market positioning unfold in the competitive digital commerce space.

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