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Update | October 5, 2026 16:40 IST Snapdeal parent AceVector’s shares closed their maiden trading session at ₹26.10 on the BSE, 18.4% below the issue price of ₹32 and 7.8% below the listing price of ₹28.30. The stock recovered from an intraday low of ₹23.40. On the NSE, the stock ended at ₹26.08, down 18.5% from the issue price and 7.9% from its listing price of ₹28.32. It touched an intraday low of ₹23.37. The company ended the session with a market capitalisation of ₹1,420.3 Cr (about $147.4 Mn) on the BSE. Original | October 5, 2026 10:00 IST Snapdeal parent AceVector made a weak stock market debut, listing at ₹28.30 on the BSE, an 11.6% discount to its issue price of ₹32 per share. On the NSE, the stock debuted at ₹28.32, an 11.5% discount to the IPO price. At its BSE listing price, AceVector commanded a market capitalisation of ₹1,540.1 Cr (about $161 Mn), down from its IPO valuation of ₹1,741.4 Cr (about $181.7 Mn). AceVector had set the IPO price band at ₹30-₹32 per share. The company’s ₹420 Cr IPO comprised a fresh issue of shares worth ₹287 Cr and an OFS of up to 4.16 Cr shares, worth ₹133 Cr at the issue price. The IPO closed with an oversubscription of 4.93X. The issue received bids for 36.61 Cr shares against 7.42 Cr shares on offer. The OFS delivered sharply different outcomes for selling shareholders. SoftBank’s Starfish I Pte Ltd received ₹88.3 Cr from the sale of 2.76 Cr shares, but recovered just 0.08X its acquisition cost on those shares. Individual investor Kenneth Stuart Glass, meanwhile, booked a 5.4X return multiple on his ₹4.2 Cr share sale. Ahead of the IPO, AceVector raised ₹189 Cr from anchor investors. The only two mutual funds which participated were Helios Mutual Fund and Taurus Ethical Fund. AceVector has earmarked ₹132 Cr from the fresh issue proceeds for Snapdeal’s marketing and business promotion, and ₹50 Cr for technology infrastructure. The remaining proceeds will fund acquisitions and general corporate purposes. Founded in 2010 by Kunal Bahl and Rohit Bansal, the business began as Snapdeal and adopted the AceVector identity in 2022. Besides the marketplace, the group’s businesses include listed ecommerce SaaS company Unicommerce and consumer brands business Stellaro Brands. Snapdeal now focuses on value ecommerce, with fashion contributing more than 60% of its business. Around 84% of its customers come from non-metro geographies. Ahead of the IPO, Bahl told Inc42 that the marketplace would prioritise volume growth, expansion within its existing categories, and better merchandising. However, Snapdeal faces a wide gap in scale with rival Meesho, which clocked net merchandise value of ₹41,560 Cr in FY26, about 38 times Snapdeal’s ₹1,093.1 Cr. On the financial front, AceVector’s restated net loss narrowed nearly 64% to ₹45.5 Cr in FY26 from ₹126.3 Cr in FY25. Operating revenue rose 29.2% to ₹510.3 Cr from ₹395 Cr.
document fetched 2026-10-06 02:57 · canonical https://inc42.com/buzz/snapdeal-parent-acevector-lists-at-11-6-discount-on-bse