AceVector Raises Rs 189 Cr From Anchor Investors; IPO To Open on September 25

New Delhi: SoftBank-backed digital commerce ecosystem AceVector Ltd on Thursday raised Rs 189 crore from anchor investors ahead of its Rs 420-crore initial public offering (IPO).

The company allocated 59.06 lakh equity shares to anchor investors at Rs 32 per share, the upper end of its price band, according to a disclosure with the stock exchanges.

The anchor allocation saw participation from 14 funds, including Helios Mutual Fund, Singularity Growth Opportunities Fund II, Alchemy Long Term Ventures Fund Series 3, and Negen Undiscovered Value Fund.

Of the total anchor allocation, 9.37 lakh shares, or 15.87 per cent, were allotted to two domestic mutual funds through three schemes.

AceVector’s IPO will open for public subscription on September 25 and close on September 29, with the price band fixed at Rs 30-32 per share. The company’s shares are scheduled to list on October 5.

The IPO comprises a fresh issue of equity shares worth Rs 287 crore and an offer-for-sale (OFS) of 4.16 crore shares valued at Rs 133 crore at the upper end of the price band.

Existing investors, including SoftBank, Nexus Venture Partners and Foxconn, among others, will sell a small part of their shareholding through the OFS.

Co-founders Kunal Bahl and Rohit Bansal, who together hold 33.99 per cent stake in AceVector individually and through their jointly owned entity B2 Professional Services LLP, are not selling any shares in the IPO.

AceVector trimmed the size of its IPO from the earlier plan of a Rs 300-crore fresh issue and an OFS of 6.38 crore equity shares.

AceVector operates an asset-light digital commerce ecosystem comprising Snapdeal, a value-focused lifestyle e-commerce marketplace; Unicommerce, an e-commerce enablement SaaS platform; and Stellaro Brands, an omnichannel consumer brands retailing business.

Unicommerce got listed on the stock exchanges in 2024, with its IPO subscribed over 168 times.

In FY26, AceVector reported operating revenue of Rs 510.38 crore, a 29 per cent increase from Rs 395.02 crore in FY25. Its adjusted EBITDA loss narrowed to Rs 15.94 crore in FY26 from Rs 39.16 crore a year ago.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)