AceVector Files Updated IPO Papers, Plans ₹300 Crore Fresh Issue Plus OFS

Overview

• The Snapdeal parent’s updated DRHP proposes a ₹300 crore fresh issue alongside an offer for sale of about 6.38–6.39 crore shares by existing investors.
• Co-founders Kunal Bahl and Rohit Bansal, who jointly hold 34.63%, will not sell in the offer, while investors including Starfish I Pte., Nexus funds, SoftBank, Foxconn, Rupen Investment and Centaurus plan to offload shares.
• Proceeds include ₹125 crore earmarked for marketplace marketing, with the balance directed to technology upgrades, inorganic growth, and general corporate purposes.
• H1 FY26 operating revenue rose to ₹244.4 crore, net loss narrowed to ₹22.5 crore from ₹110.4 crore a year earlier, and adjusted EBITDA losses continued to shrink, with positive net operating cash flow reported.
• AceVector houses Snapdeal, Unicommerce and Stellaro Brands, and has appointed IIFL Capital Services and CLSA India as book-running lead managers.