AceVector Files Updated IPO Papers With SEBI, Plans INR 300 Crore Fresh Issue and 6.38 Crore-Share OFS

Overview

• The updated draft red herring prospectus details a fresh issue of up to INR 300 crore and an offer for sale totaling about 6.38–6.39 crore shares.
• Founders Kunal Bahl and Rohit Bansal will not sell in the offering, while investors including SoftBank, Nexus Venture Partners, Foxconn and promoter entity Starfish are among the planned sellers.
• AceVector earmarks INR 125 crore from proceeds for marketplace marketing, with additional funds for technology investment, inorganic growth and general corporate purposes.
• H1 FY26 operating revenue reached INR 244.4 crore with an approximately 80% reduction in consolidated net loss to about INR 22.4–22.5 crore, and the company reported positive operating cash flow.
• The parent of Snapdeal, Unicommerce and Stellaro Brands filed confidentially in July and received SEBI approval in November, with IIFL Capital Services and CLSA India named as book‑running lead managers.