As part of the OFS, promoter Starfish I Pte Ltd and other shareholders Nexus, Wonderful Star Pte Ltd, Kenneth Stuart Glass, Jason Ashok Kothari, Priyanka Shreevar Kheruka, Rupen Investment and Industries and Centaurus Trading and Investments will offload their assets.
Despite the sale of shares by various investors, the promoters and founders of AceVector, Kunal Bahl and Rohit Bansal, who together hold a 23.56 percent stake, will not participate in the OFS. However, another promoter Starfish, which owns 30.68 percent stake in the company, will divest part of its stake.
The company plans to use the proceeds from the IPO to strengthen its technology infrastructure, support marketing and business promotion for Snapdeal, pursue inorganic growth through acquisitions and meet general corporate requirements.
The Gurugram-based company operates Snapdeal, a value-oriented lifestyle e-commerce marketplace; Unicommerce, a SaaS platform for e-commerce; and Stellaro Brands, an omnichannel division for consumer brands.
Financially, AceVector reported an operating revenue of Rs 244 crore in H1 FY26, up 34 percent from Rs 181 crore in H1 FY25. During the same period, adjusted EBITDA loss fell significantly to Rs 9.2 crore from Rs 28 crore a year earlier.
AceVector had started its IPO journey earlier this year by filing confidential concept papers with Sebi in July and subsequently securing approval in November. Choosing the confidential pre-filing route gave the company the flexibility to delay the disclosure of IPO data until a later stage.
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