SoftBank-backed digital commerce company AceVector Ltd has submitted an updated draft red herring prospectus (UDRHP) to the markets regulator SEBI for its upcoming initial public offering (IPO).
AceVector IPO will feature a fresh issue of ₹300 crore, alongside a substantial offer for sale (OFS) of 6.38 crore shares by existing investors. According to the updated draft, the OFS will see share divestments by promoter entity Starfish I Pte Ltd and several other shareholders, including Nexus, Wonderful Star Pte Ltd, Kenneth Stuart Glass, Jason Ashok Kothari, Priyanka Shreevar Kheruka, Rupen Investment and Industries, and Centaurus Trading and Investments.
Despite the large OFS component, AceVector’s co-founders and key promoters Kunal Bahl and Rohit Bansal, who jointly hold 34.63% of the company, will not sell any shares in the offering. Their combined stake includes Bahl’s 12.42%, Bansal’s 11.14%, and an additional 11.07% held through their joint entity, B2 Professional Services LLP. However, promoter entity Starfish, which owns 30.68%, will pare down a portion of its holding.
The company intends to deploy the fresh capital to bolster its technology infrastructure, expand marketing and promotional activities for Snapdeal, pursue strategic acquisitions, and address general corporate needs.
Also Read: Genxai Analytics Files DRHP for NSE SME Listing
Headquartered in Gurugram, AceVector operates three key businesses:
On the financial front, AceVector posted ₹244 crore in operating revenue during H1 FY26, marking a 34% rise from ₹181 crore in the same period last year. Its adjusted EBITDA loss also improved significantly, shrinking to ₹9.2 crore, compared to ₹28 crore a year earlier.
AceVector began its IPO process in July through SEBI’s confidential pre-filing route, which allowed it to defer public disclosure of offer details until later stages. The company subsequently received regulatory approval in November, moving it one step closer to its public market debut.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 8, 2025, 9:15 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
