Along with the contemporary subject, the IPO may also contain an offer-for-sale (OFS) of 6.38 crore shares by current shareholders, in line with the up to date draft crimson herring prospectus (UDRHP).
As a part of the OFS, promoter Starfish I Pte Ltd and different shareholders Nexus, Fantastic Star Pte Ltd, Kenneth Stuart Glass, Jason Ashok Kothari, Priyanka Shreevar Kheruka, Rupen Funding and Industries, and Centaurus Buying and selling and Investments will offload their holdings.
Regardless of the share sale by a number of traders, AceVector’s promoters and founders Kunal Bahl and Rohit Bansal, who collectively maintain a 23.56 per cent stake, is not going to take part within the OFS. Nonetheless, one other promoter entity Starfish, which owns 30.68 per cent stake within the firm, will likely be divesting a part of its stake.
The corporate plans to make use of the IPO proceeds to strengthen expertise infrastructure, help advertising and marketing and enterprise promotion for Snapdeal, pursue inorganic progress via acquisitions, and meet common company necessities.
The Gurugram-based firm operates Snapdeal, a value-focused way of life e-commerce market; Unicommerce, an e-commerce enablement SaaS platform; and Stellaro Manufacturers, an omnichannel shopper manufacturers arm.
Financially, AceVector reported working income of Rs 244 crore in H1 FY26, up 34 per cent from Rs 181 crore in H1 FY25. Throughout the identical interval, its adjusted EBITDA loss narrowed considerably to Rs 9.2 crore from Rs 28 crore a yr earlier.
AceVector had initiated its IPO journey earlier this yr by submitting confidential draft papers with Sebi in July and subsequently securing approval in November. By choosing the confidential pre-filing route, the corporate gained the pliability to delay public disclosure of IPO particulars till the later levels.
