AceVector Limited has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).
The Gurugram-based firm had confidentially filed its draft red herring prospectus (DRHP) in July 2025, giving it the flexibility to revise the issue size before submitting an updated draft. The IPO will include both a fresh issue and an offer for sale (OFS) from existing shareholders.
Key investors such as SoftBank, Nexus Venture Partners, and cofounders Kunal Bahl and Rohit Bansal are expected to take part in the OFS. IIFL and CLSA are acting as the book-running lead managers.
With SEBI issuing its observation letter, AceVector can now launch its IPO anytime within the next one year. For companies that file via the confidential route, the approval triggers an 18-month window to open the IPO, during which they must submit the Updated DRHP and later the Red Herring Prospectus (RHP) with the Registrar of Companies before listing.
AceVector oversees several businesses under a unified commerce strategy such as Snapdeal, Unicommerce, and Stellaro Brands.
Each vertical has scaled up well in the last few years. Snapdeal reported that over 80% of orders are priced below ₹599, and festive season sales grew 60% in September–October 2025, driven by affordable fashion.
Unicommerce, where AceVector holds over 28%, is already publicly listed. It powers ecommerce operations for 7,500+ merchants in India and abroad. Stellaro Brands, the group’s consumer labels arm, is expanding across southern states with categories like ethnic wear under the Rangita brand.
AceVector recorded ₹380 crore in revenue for FY24 with an adjusted EBITDA loss of ₹16 crore.
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