AceVector plans to boost INR 500 Cr through its public subject which can largely encompass a recent subject. CLSA and IIFL are set be the bankers for the general public itemizing
Other than Snapdeal, AceVector can also be the mum or dad of Unicommerce and Stellaro Manufacturers
Snapdeal filed its DRHP in 2021 as effectively to boost INR 1,250 Cr, however because of the funding winter and turmoil within the home and international markets, it pulled again on its IPO plans a 12 months later
AceVector, the mum or dad firm of ecommerce main Snapdeal
, has confidentially filed draft purple herring prospectus (DRHP) with markets regulator SEBI for its INR 500 Cr preliminary public providing (IPO).
In a public announcement at this time, Acevector Restricted stated it has submitted the pre-filed DRHP with the SEBI for a proposed IPO for its fairness shares on the primary board of the BSE and the NSE. The fairness shares will maintain a face worth of INR 1 apiece.
The IPO will largely encompass a recent subject and most probably CLSA and IIFL are set be the bankers for the general public subject.
Other than Snapdeal, AceVector can also be the mum or dad entity of listed ecommerce platform Unicommerce and home of manufacturers platform Stellaro Manufacturers. The three entities have been consolidated and introduced below one roof in 2022.
Cofounders Kunal Bahl and Rohit Bansal, together with SoftBank and Nexus Enterprise Companions, are the most important shareholders of the consolidated entity. It’s pertinent to notice that this isn’t Snapdeal’s first try and get listed on the bourses.
The ecommerce platform filed its DRHP in 2021 as effectively to boost INR 1,250 Cr from its public subject. However because of the funding winter and turmoil within the home and international markets, Snapdeal pulled again on its IPO plans a 12 months later. Nonetheless, its subsidiary Unicommerce made its public itemizing final 12 months.
Forward of its IPO plans, AceVector additionally introduced two key appointments earlier this 12 months. Achint Setia was appointed because the chief government of Snapdeal and Himanshu Chakrawarti took cost because the CEO of Stellaro Manufacturers.
Based in 2010 by Bahl and Bansal, Snapdeal was as soon as seen as a greatest contender to Flipkart. Nonetheless, the model misplaced its shine and was on the verge of a shutdown. Additional, the startup additionally tried a possible merger with Flipkart however the deal didn’t materialise. Nonetheless, Snapdeal’s shift to worth ecommerce proposition made it get up on its ft once more.
Whereas Unicommerce is an enterprise tech SaaS platform which offers options throughout order and stock administration, Stellaro Manufacturers sells ethnic put on below the Rangita label and Indo-Western apparels below the City Mark model.
AceVector has joined the ranks of rising startups who’ve opted to take the confidential route for his or her proposed IPO. Groww, boAt and Shiprocket additionally filed their pre-filed DRHP paper taking the confidential means this 12 months.
The event comes at a time when a bunch of new-age startups are going for public itemizing. As per Inc42’s IPO tracker 2025, 19 new-age tech firms have filed their DRHPs with SEBI for a list and lots of of them have additionally received a go-ahead from the market regulator. However as of now solely three new-age startups have made it to the bourses this 12 months–Ather, ArisInfra and Smartworks.
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