AceVector is in late stages of finalising and filing its draft red herring prospectus (DRHP) to raise Rs 500 crore through a public offering, according to a source familiar with the matter.
Entrackr was the first to respond on this matter.
AceVector did not respond to YourStory’s request for comment.
According to the source, the company has roped in CLSA and IIFL as bankers for the expected initial public offering (IPO). The proposed issue will mostly comprise of primary capital.
The ecommerce ecosystem firm operates e-commerce platform Snapdeal, software-as-a-service (SaaS) platform Unicommerce, and consumer brand building company Stellar Brands.
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Of the three, Unicommerce is a listed entity that went public last year. The firm’s IPO was oversubscribed by 168.32 times, driven by strong demand from non-institutional and retail investors.
For the year ended March 2025, the company’s revenue grew 30% to Rs 135 crore from Rs 103 crore in FY24, while net profit rose to Rs 17.6 crore, up 34.3% from last year.
According to data website Tracxn, Snapdeal, which competes with established commerce websites, including US-based Amazon and Walmart-backed Flipkart, posted a marginal decline in FY24 revenue to Rs 384.7 crore compared to Rs 388.1 crore in FY23. However, it managed to narrow its losses by 43% to Rs 160.4 crore.
The proposed filing adds AceVector to a long list of Indian firms that are looking to hit public markets this year. Companies like omnichannel jewellery retailer BlueStone and home services platform Urban Company, among others, have filed their DRHPs with the markets regulator.
