The Acevector IPO listing is on Monday, 5 October 2026. Acevector is the company that owns Snapdeal, and it sold shares at ₹32 in a ₹420 crore issue that closed on 29 September with 4.93 times subscription. The grey market premium on 4 October was 60 paise, or 1.88 per cent over the issue price.
The figures it lists on
This is the first mainboard listing of a company run by Kunal Bahl and Rohit Kumar Bansal, who are promoters along with Starfish I Pte Ltd. The rest of the detail sits on our Acevector IPO page.
| Item | Detail |
|---|---|
| Issue price | ₹32 (band ₹30–32) |
| Issue size | ₹420 crore, fresh capital plus offer for sale |
| Lot size | 468 shares |
| One lot at the issue price | ₹14,976 |
| Total subscription | 4.93x |
| Grey market premium, 4 October | ₹0.60 (1.88%) |
| Listing date | 5 October 2026, on NSE and BSE |
How the book finished
At 4.93x, Acevector is the 65th most subscribed of the 97 mainboard IPOs that have closed in 2026, where the median is 28.14x. The high-value NII bids did most of the work.
| Category | Subscribed |
|---|---|
| QIB | 3.38x |
| NII (total) | 8.16x |
| NII, bids above ₹10 lakh | 8.92x |
| NII, bids ₹2–10 lakh | 6.64x |
| Retail | 4.62x |
| Total | 4.93x |
QIB, the institutional category, took 3.38x, the thinnest part of the book. Retail at 4.62x means roughly one retail application in five got a lot, which is far better odds than most mainboard issues this year.
What the grey market has quoted
GMP is an unofficial price dealers put on shares before they trade. It is not published by any exchange. On a ₹32 share the numbers are small in rupee terms, so read the percentage.
| Date | GMP | Over issue price |
|---|---|---|
| 29 September | ₹1.10 | 3.44% |
| 30 September | ₹0.50 | 1.56% |
| 1 October | ₹0.70 | 2.19% |
| 2 October | ₹0.60 | 1.88% |
| 3 October | ₹0.60 | 1.88% |
| 4 October | ₹0.60 | 1.88% |
The premium has roughly halved since the issue closed and has sat still for three days. At 60 paise it points to an open near ₹32.60, which on one lot of 468 shares is about ₹281 on paper.
Our own record says do not lean on that. On the last 10 mainboard listings the final GMP was off the actual move by 8.28 percentage points on average, and it understated the gain seven times out of ten. In 2026 as a whole, 61 of the 92 mainboard IPOs that listed opened above their issue price, with a median gain of 7.15 per cent. The live quote is on our Acevector GMP page.
What you own at ₹32
Acevector was started in 2007 and runs three businesses. Snapdeal is a value e-commerce marketplace that served buyers across 18,972 pin codes in FY2026, aimed at price-conscious shoppers in smaller cities. Uniware, Convertway and Shipway sell software that other companies use to run their online operations. Stellaro Brands is a group of value consumer brands.
The company has not made a profit. It lost ₹45.51 crore in FY2026, ₹126.31 crore in FY2025 and ₹51.30 crore in FY2024, so there is no P/E to judge the price on, and return on net worth is minus 59.54 per cent.
The direction has improved sharply: total income grew 32 per cent to ₹537.67 crore in FY2026 and the operating loss narrowed from ₹107.79 crore to ₹22.17 crore, which puts it close to breaking even at that level.
Net asset value is ₹2.21 a share against the ₹32 price, so the ₹1,741.40 crore market capitalisation rests on what the business earns later rather than what it owns now. Of the fresh money, ₹132 crore funds marketing for the marketplace and ₹50 crore its technology. Promoter holding falls from 65.9 per cent to 49.96 per cent.
What happens next
Trading starts at 10 AM on 5 October, after a special pre-open session from 9 AM in which the exchanges fix the opening price. Allotment was finalised on 30 September and refunds and demat credits went out on 1 October. We will publish the NSE and BSE opening prices against the ₹32 issue price the same morning, and you can see how this year's debuts have gone on our mainboard listing performance page.
