AceVector Reignites IPO Plans With Updated DRHP, Announces ₹300 Crore Fresh Issue

AceVector Limited has revived its listing ambitions by submitting updated IPO papers to SEBI, seeking to raise ₹300 crore via fresh equity and allowing existing shareholders to sell up to 63.87 million shares through an OFS. The new filing marks another step toward the public debut of one of India’s key digital commerce ecosystems.

Founders Kunal Bahl and Rohit Bansal—holding 34.63% in total—will retain their stake. Meanwhile, major shareholder SoftBank, through its entity Starfish, plans a partial exit from its 30.68% holding.

AceVector controls three independently run but strategically connected businesses: Snapdeal, Unicommerce, and Stellaro Brands. Snapdeal remains one of the top two value-focused e-commerce marketplaces in India, while Unicommerce has emerged as the country’s largest e-commerce enablement SaaS provider in the transaction layer. Stellaro Brands manages and scales emerging consumer brands.

IPO proceeds will go toward technology investments for Snapdeal, brand-building, and inorganic growth through acquisitions. The company also noted its strong acquisition track record, pointing to the evolution of Unicommerce, whose 2024 IPO was oversubscribed 168.32 times.

The updated filing comes amid improving capital market sentiment and a booming digital retail opportunity in India. Analysts project the sector to more than double by FY2030, reaching US$234.4 billion.