AceVector IPO to Open on September 25 at ₹30–₹32 Price Band
Fresh issue of up to ₹2,870 million and offer for sale of up to 41.56 million equity shares planned
AceVector Limited has announced that its initial public offering (IPO) of equity shares will open for subscription on Friday, September 25, 2026, and close on Tuesday, September 29, 2026.
The company has fixed the IPO price band at ₹30 to ₹32 per equity share, with each share having a face value of ₹1. The Anchor Investor Bidding Date will be Thursday, September 24, 2026.
IPO Structure and Bid Details
The offer comprises a fresh issue of equity shares aggregating up to ₹2,870.00 million and an offer for sale of up to 41,562,500 equity shares by existing shareholders.
Bids can be made for a minimum of 468 equity shares and in multiples of 468 equity shares thereafter.
The company proposes to use the net proceeds from the fresh issue towards:
- Funding a portion of the marketing and business promotion expenses of its Marketplace business
- Funding technology infrastructure costs of the Marketplace business
- Funding inorganic growth through acquisitions
- General corporate purposes
Offer for Sale
The Offer for Sale comprises equity shares proposed to be sold by promoter, investor and individual selling shareholders.
Starfish I Pte. Ltd., the promoter selling shareholder, will offer up to 27,607,082 equity shares.
The investor selling shareholders will offer:
- Nexus India Direct Investments II: up to 7,391,113 equity shares
- FIH Business Global Pte. Ltd. (formerly known as Wonderful Star Pte. Ltd.): up to 1,740,528 equity shares
- Nexus Opportunity Fund Ltd: up to 839,713 equity shares
- Nexus Ventures III, Ltd.: up to 465,599 equity shares
- Rupen Investment and Industries Private Limited: up to 269,120 equity shares
- Centaurus Trading and Investments Private Limited: up to 269,120 equity shares
The individual selling shareholders will offer:
- Kenneth Stuart Glass: up to 1,320,799 equity shares
- Jason Ashok Kothari: up to 1,111,680 equity shares
- Laurent Bernard Amouyal: up to 224,786 equity shares
- Misha Kohli: up to 215,280 equity shares
- Radhika Gupta: up to 53,840 equity shares
- Nalin Luis Moniz: up to 53,840 equity shares
Allocation for Institutional and Retail Investors
The IPO is being conducted through the Book Building Process. Not less than 75% of the offer will be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs), subject to the applicable SEBI ICDR Regulations.
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 as follows:
- 33.33% for domestic Mutual Funds
- 6.67% for life insurance companies and pension funds
Further, 5% of the Net QIB Portion will be available for allocation on a proportionate basis only to Mutual Funds, subject to valid bids being received at or above the Offer Price.
Not more than 15% of the Offer will be available for Non-Institutional Bidders, while not more than 10% will be available for Retail Individual Bidders (RIBs), subject to the applicable regulations.
ASBA and UPI Process
All potential bidders, except Anchor Investors, are required to participate through the Application Supported by Blocked Amount (ASBA) process.
UPI bidders will be required to provide their UPI ID, where applicable, while the corresponding bid amount will be blocked through the Self Certified Syndicate Banks or Sponsor Banks under the UPI mechanism.
Anchor Investors are not permitted to participate through the ASBA process.
Proposed Listing on BSE and NSE
The equity shares are being offered through the company’s Red Herring Prospectus (RHP) dated September 21, 2026, filed with the Registrar of Companies, National Capital Territory of Delhi-I at South Delhi.
The equity shares are proposed to be listed on BSE Limited and National Stock Exchange of India Limited (NSE), with NSE serving as the Designated Stock Exchange for the offer.
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.