AceVector Sets IPO Price Band at ₹30–32, Cuts Offer-for-Sale Size
Last Updated: 22nd September 2026 - 07:22 pm
AceVector, the parent company of Snapdeal, has set the price band for its initial public offering (IPO) at ₹30–32 per share. The company is looking to raise around ₹420 crore through the issue.
The IPO comprises a fresh issue of shares worth ₹287 crore and an offer-for-sale (OFS) component of ₹133 crore.
The offer is scheduled to open on September 25 and close on September 29. The company has proposed to list its shares on both the NSE and BSE.
OFS reduced to 4.16 crore shares
AceVector has reduced the size of its OFS to 4.16 crore shares from 6.38 crore shares earlier, a reduction of around 35%.
Starfish, a subsidiary of SoftBank, and Nexus Venture Partners are among the existing shareholders participating in the OFS.
The reduction means fewer shares will be offered by existing shareholders through the secondary component of the IPO.
IPO allocation across investor categories
AceVector has reserved 75% of the issue for qualified institutional buyers (QIBs), while 15% has been set aside for non-institutional investors (NIIs). Retail investors have been allocated 10% of the issue.
The minimum bid lot is 468 shares. At the upper end of the price band, a retail investor bidding for one lot would need ₹14,976.
Anchor book to open on September 24
The anchor book for institutional investors is scheduled to open on September 24, a day before the IPO opens for other investors.
AceVector's shares are proposed to be listed on the NSE and BSE, with October 5 mentioned as the tentative listing date.
The final subscription levels will be known after the issue closes on September 29.
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