AceVector Ltd, the mother or father firm of the e-commerce market Snapdeal, has submitted an up to date draft purple herring prospectus to the Securities and Alternate Board of India, signalling that the corporate is advancing towards an preliminary public providing. The submitting proposes a recent problem of shares value ₹300 crore, accompanied by an offer-for-sale of as much as 6.38 crore fairness shares held by current traders.
The IPO proceeds are earmarked for scaling the enterprise. AceVector plans to deploy funds in the direction of advertising and marketing and promotion of the Snapdeal market, bolstering the technological infrastructure underpinning its operations, and pursuing inorganic development alternatives together with potential acquisitions. A portion of the financing will even help common company functions.
AceVector is not only Snapdeal: the corporate additionally owns the e-commerce enablement SaaS supplier Unicommerce and the consumer-brands arm Stellaro Manufacturers. Unicommerce, which had listed in 2024, reportedly noticed vital investor curiosity, and including Stellaro Manufacturers provides AceVector a diversified presence throughout market, software program companies, and private-label retail.
Regardless of being backed by long-standing traders reminiscent of SoftBank, Nexus Enterprise Companions and Foxconn, the corporate’s co-founders Kunal Bahl and Rohit Bansal — collectively proudly owning roughly 34.63 per cent — aren’t providing any shares within the OFS, signalling confidence within the agency’s long-term prospects.
AceVector’s financials for the primary half of fiscal yr 2026 paint an image of restoration. The corporate reported an working income of ₹244 crore, up from ₹181 crore within the corresponding prior interval — a development of 34–35 per cent. The efficiency seems to have bolstered its public itemizing readiness.
Trade observers notice that the renewed IPO try displays altering market situations and renewed investor urge for food for technology-led and value-oriented e-commerce platforms. AceVector’s diversified construction — market operations by way of Snapdeal, SaaS companies by Unicommerce, and owned-brands by way of Stellaro — provides it a broad base that will enchantment to a large set of traders, particularly in a market more and more inclined towards asset-light, ecosystem-driven enterprise fashions.
This submitting follows a previous confidential DRHP submission in July 2025 and regulatory clearance from SEBI in November. That earlier ambition to boost a bigger quantity had been scaled down, presumably reflecting extra conservative valuations and a recalibrated strategy to public itemizing.