Published: October 6, 2026
StartupFeed Quick Take
- AceVector shares opened at ₹28.32 on the NSE, 11.5% below the ₹32 IPO price, then closed at ₹26.08, down 18.5%.
- The fall came even after the ₹420 crore IPO was subscribed 5.07 times, with strong demand across retail and institutional investors.
- At the close, AceVector was worth about ₹1,419 crore, roughly ₹322 crore below its ₹1,741 crore IPO valuation.
Snapdeal’s parent AceVector had a rough debut in Mumbai on October 5, ending its first day 18.5% below its ₹32 IPO price.
The stock opened at ₹28.32 on the NSE, 11.5% under the issue price, before sliding to a ₹26.08 close. On the BSE, it ended at ₹26.10.
AceVector shares: a weak debut despite strong demand
Demand had looked strong: the ₹420 crore issue was subscribed 5.07 times when it closed on September 29. Non-institutional investors bid 8.53 times their quota, retail investors 4.82 times, and institutions, excluding anchors, 3.42 times.
The grey market had also pointed to a small gain, not a double-digit fall. Instead it opened low and kept falling.
The first-day drop wiped about ₹322 crore off AceVector’s value. At ₹32, the IPO had valued AceVector at about ₹1,741 crore. By October 5’s close, AceVector was worth roughly ₹1,419 crore.
| Stage | Price | Vs ₹32 issue |
|---|---|---|
| IPO issue price | ₹32.00 | Base |
| NSE debut (open) | ₹28.32 | Down 11.5% |
| NSE close, Oct 5 | ₹26.08 | Down 18.5% |
SoftBank was hit hardest of the sellers. Inc42 reported that SoftBank’s Starfish arm sold 2.76 crore shares for ₹88.3 crore, recovering just 0.08 times what it paid. Co-founders Kunal Bahl and Rohit Bansal, who hold about 34%, sold nothing in the IPO.
The listing did not change AceVector’s numbers, which have been improving. Operating revenue rose about 29% to ₹510.4 crore in 2025-26. Losses narrowed to around ₹45.5 crore, from ₹126.3 crore a year before.
AceVector runs the Snapdeal marketplace, the listed software firm Unicommerce and the consumer-brands arm Stellaro.
What this means for you: If you hold AceVector shares from the IPO, you are sitting on a first-day loss of about 18% at the ₹32 price. Retail allottees have no lock-in and can sell from day one, so watch how the stock trades this week before you act.
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Disclaimer: This article is for information only and is not investment advice. StartupFeed and its authors are not SEBI-registered investment advisors. Please speak to a SEBI-registered advisor before investing.
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