AceVector IPO Opens September 25 at ₹30 to ₹32 Price Band
AceVector Limited will open its initial public offering (IPO) of equity shares on Friday, September 25, 2026. The company has fixed the price band at ₹30 to ₹32 per equity share, with each share carrying a face value of ₹1.
The IPO will remain open until Tuesday, September 29, 2026. The Anchor Investor bidding period will take place on Thursday, September 24, 2026.
Investors can bid for a minimum of 468 equity shares. Further bids must be placed in multiples of 468 shares.
AceVector IPO Key Details
The IPO comprises a fresh issue of equity shares aggregating up to ₹2,870 million. It also includes an offer for sale of up to 41,562,500 equity shares by existing shareholders.
AceVector plans to use the net proceeds from the fresh issue for several business objectives. These include:
- Marketing and business promotion expenses for its Marketplace business
- Technology infrastructure costs for the Marketplace business
- Inorganic growth through acquisitions
- General corporate purposes
Offer for Sale by Existing Shareholders
The Offer for Sale includes equity shares offered by promoter, investor and individual selling shareholders.
Promoter Selling Shareholder:
- Starfish I Pte. Ltd.: Up to 27,607,082 equity shares
Investor Selling Shareholders:
- Nexus India Direct Investments II: Up to 7,391,113 shares
- FIH Business Global Pte. Ltd., formerly Wonderful Star Pte. Ltd.: Up to 1,740,528 shares
- Nexus Opportunity Fund Ltd: Up to 839,713 shares
- Nexus Ventures III, Ltd.: Up to 465,599 shares
- Rupen Investment and Industries Private Limited: Up to 269,120 shares
- Centaurus Trading and Investments Private Limited: Up to 269,120 shares
Individual Selling Shareholders:
- Kenneth Stuart Glass: Up to 1,320,799 shares
- Jason Ashok Kothari: Up to 1,111,680 shares
- Laurent Bernard Amouyal: Up to 224,786 shares
- Misha Kohli: Up to 215,280 shares
- Radhika Gupta: Up to 53,840 shares
- Nalin Luis Moniz: Up to 53,840 shares
AceVector IPO Listing and Book Building
The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited (NSE). NSE will serve as the Designated Stock Exchange for the offer.
The IPO will follow the Book Building Process under the applicable SEBI regulations. At least 75% of the offer will be allocated to Qualified Institutional Buyers (QIBs) on a proportionate basis.
The company, in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis.
Of the Anchor Investor Portion, 40% will be reserved for specific categories. This includes 33.33% for domestic Mutual Funds and 6.67% for life insurance companies and pension funds.
Any unsubscribed portion reserved for life insurance companies and pension funds may be allocated to domestic Mutual Funds, subject to valid bids at or above the Anchor Investor Allocation Price.
QIB, Non-Institutional and Retail Allocation
After the Anchor Investor allocation, the remaining shares will form part of the Net QIB Portion, subject to the applicable regulations.
Within the Net QIB Portion, 5% will be available exclusively to Mutual Funds on a proportionate basis. The remaining portion will be available to all eligible QIBs, including Mutual Funds.
Not more than 15% of the Offer will be available to Non-Institutional Bidders. Meanwhile, not more than 10% will be available to Retail Individual Bidders (RIBs).
The Non-Institutional Portion will have two sub-categories based on bid size. One-third will be available for bids above ₹200,000 and up to ₹1,000,000. The remaining two-thirds will be available for bids above ₹1,000,000.
Any under-subscription in either category may be allocated to the other category, subject to the applicable SEBI ICDR Regulations.
ASBA and UPI Application Process
All potential bidders, except Anchor Investors, must participate through the Application Supported by Blocked Amount (ASBA) process.
Investors using the UPI mechanism must provide their UPI ID, as applicable. The relevant bid amount will then be blocked through Self Certified Syndicate Banks or the applicable Sponsor Bank under the UPI mechanism.
Anchor Investors cannot participate through the ASBA process.
Investors can refer to the Offer Procedure section beginning on page 509 of the RHP for detailed application information.
AceVector IPO Lead Managers
The equity shares are being offered through the company’s Red Herring Prospectus dated September 21, 2026. The RHP was filed with the Registrar of Companies, National Capital Territory of Delhi-I at South Delhi.
IIFL Capital Services Limited, formerly known as IIFL Securities Limited, CLSA India Private Limited and Systematix Corporate Services Limited are the Book Running Lead Managers to the Offer.
