Snapdeal parent AceVector lists after 4.93X subscribed IPO

AceVector, parent of Snapdeal, debuts on the stock market after a ₹420 Cr IPO comprising a ₹287 Cr fresh issue and ₹133 Cr OFS at ₹30–32 per share. The IPO was subscribed 4.93X. Marketplace revenue rose to ₹293.7 Cr in FY26, but NMV of ₹1,093.1 Cr is 38X smaller than Meesho's.

• AceVector's ₹420 Cr IPO: ₹287 Cr fresh issue, ₹133 Cr OFS at ₹30–32 per share
• IPO subscribed 4.93X, listing on Monday
• Snapdeal marketplace revenue rose to ₹293.7 Cr in FY26 from ₹249.9 Cr in FY25
• Snapdeal NMV of ₹1,093.1 Cr vs Meesho's ₹41,560 Cr — a 38X gap