AceVector Limited has announced the launch schedule for its Initial Public Offering (IPO), with the public issue set to open for subscription on September 25, 2026. The company has fixed the price band at ₹30 to ₹32 per equity share, while bidding for anchor investors will take place a day earlier on September 24.
The IPO will remain open for public subscription until September 29, giving investors five days to participate in the offering. The issue comprises a fresh issue of shares worth up to ₹287 crore and an Offer for Sale (OFS) of up to 41.56 million equity shares by existing shareholders.
According to the company, the fresh issue proceeds will be used to strengthen its marketplace business and support future growth plans. A portion of the funds will be allocated towards marketing and business promotion activities, while another part will be invested in technology infrastructure. The company also plans to use some of the proceeds for inorganic growth opportunities, including acquisitions, along with general corporate purposes.
The IPO comes as AceVector looks to expand its presence and enhance its digital capabilities in a competitive business environment. Investments in technology and customer acquisition are expected to play an important role in the company’s long-term strategy.
The Offer for Sale portion includes shares being sold by several existing investors and shareholders. The largest contributor to the OFS is Starfish I Pte. Ltd., which is offering more than 27.6 million equity shares. Other participating shareholders include Nexus India Direct Investments II, FIH Business Global Pte. Ltd., Nexus Opportunity Fund Ltd., Nexus Ventures III Ltd., Rupen Investment and Industries Private Limited, Centaurus Trading and Investments Private Limited, along with several individual shareholders.
Investors can place bids for a minimum of 468 equity shares and in multiples of 468 shares thereafter. Each equity share carries a face value of ₹1.
The company plans to list its equity shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with NSE serving as the designated stock exchange for the issue.
The IPO is being conducted through the book-building process in accordance with regulations laid down by the Securities and Exchange Board of India (SEBI). Under the issue structure, not less than 75% of the offer is reserved for Qualified Institutional Buyers (QIBs). Up to 60% of the QIB portion may be allocated to anchor investors.
The issue also provides allocation opportunities for retail and non-institutional investors. Up to 10% of the offer is reserved for Retail Individual Bidders, while up to 15% is earmarked for Non-Institutional Investors. Investors applying through the public issue will be required to use the Application Supported by Blocked Amount (ASBA) process, in line with current market regulations.
The red herring prospectus for the IPO was filed on September 21, 2026. The company believes the offering will help strengthen its business operations and support future expansion plans.
IIFL Capital Services Limited, CLSA India Private Limited and Systematix Corporate Services Limited are acting as the book-running lead managers for the issue. Market participants will now closely watch investor response to the offering as AceVector prepares to enter the public markets.
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