• IPO details: AceVector's initial public offering is open from the 25th to the 29th in a price band of ₹30 to ₹32 per share, raising approximately ₹420 crore through a ₹287 crore fresh issue and a ₹133 crore offer for sale.
• Proceeds utilization: The ₹287 crore fresh issue will primarily fund Snapdeal's marketing and advertising targeting Gen Z consumers in small towns, alongside investments in AI and technology infrastructure to enhance personalization and lower platform costs.
• Snapdeal operational metrics: Catering to value fashion in tier 2 and tier 3 cities, Snapdeal grew volumes by 75% over two years and served 1.22 crore unique transacting customers in FY26. It operates on an asset-light, zero-inventory model delivering a steady contribution margin of 10% (₹42 per delivered unit).
• Financial performance: At the consolidated level, AceVector generated ₹510 crore in net revenue and was free cash flow positive in FY26, supported by subsidiary Unicommerce generating ₹45 crore in free cash flow and doubling revenues over two years.
• Group-level synergies: AceVector leverages cross-business synergies via shared corporate services and pooled volume negotiations with courier partners and compute providers, significantly reducing operating costs across Snapdeal and Unicommerce.