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AceVector (Snapdeal) IPO — list watch Mon 5 Oct after holiday

AceVector Limited Prospectus locks Offer Price ₹32; BOA ad: ~3.30× before rejections; listing/trading approval colour points to Mon 5 Oct BSE+NSE debut. Fri holiday bridge — no GMP.

Capital Chronicle Desk~5 minDual-layer

60-sec

Listing-eve bridge (Fri 2 Oct 2026 IST): Cash markets are shut for Gandhi Jayanti (holiday desk). Process tape for AceVector Limited — parent of Snapdeal, plus Unicommerce and Stellaro Brands — still points to commencement of trading on or about Monday, 5 October 2026 on BSE + NSE.

Hard prints — AceVector Limited Prospectus dated 29 September 2026 (SEBI final offer document; company CIN U72300DL2007PLC168097):

PrintColour
Offer Price₹32.00 per equity share (face ₹1; premium ₹31)
Anchor Investor Offer Price₹32.00
Price bandFloor ₹30 · Cap ₹32
Fresh issue89,687,500^ equity shares aggregating ₹2,870.00 million
Offer for Sale41,562,500^ equity shares aggregating ₹1,330.00 million
Total Offer131,250,000^ equity shares aggregating ₹4,200.00 million
EligibilitySEBI ICDR Reg. 6(2)
Bid lot468 equity shares
Designated exchangeNSE; proposed list BSE + NSE
RegistrarMUFG Intime India Private Limited
BRLMsIIFL Capital Services · CLSA India · Systematix Corporate Services
PromotersKunal Bahl · Rohit Kumar Bansal · Starfish I Pte. Ltd.
Pre-IPO PlacementAggregating ₹130.00 million (reduced from Fresh Issue; reported to exchanges)

^Subject to finalisation of the Basis of Allotment (Prospectus cover / BOA footnotes).

Process calendar (Prospectus indicative timetable + BOA advertisement):

DayProcess colour
24 SepAnchor bidding
25–29 SepBid / Offer window (closed Tue 29 Sep)
30 SepBasis of Allotment finalised with NSE (Designated Stock Exchange); board took BOA on record
1 OctDemat credit / refund-unblock colour; company filed listing applications with BSE + NSE
Fri 2 OctCash holiday — Gandhi Jayanti (no list auction today)
~5 Oct (Mon)Commencement of trading — Prospectus “on or about”; BOA ad: trading will commence 5 Oct 2026 after listing/trading approvals

Subscription / BOA hard prints — company Basis of Allotment Advertisement (primary; not reinvented):

CutColour
Overall (before rejections, incl. anchors)3.30× — 1,33,504 applications for 43,29,45,396 shares vs 13,12,50,000 reserved
Retail (after rejections)4.75× — 1,31,25,000 shares allotted to 28,044 successful RIIs
NII ₹2L–₹10L (after rejections)6.91×
NII > ₹10L (after rejections)9.32×
QIB ex-anchor (after rejections)3.41× of Net QIB Portion
Anchor allocation5,90,62,500 shares at ₹32 aggregating ₹1,890 million (13 Anchor Investors / 14 apps colour in ad)

BOA ad also states the company received listing and trading approval from NSE and BSE and that trading will commence on October 5, 2026. Soft-flag: this Fri desk is filing on a holiday — confirm list commencement on live exchange notices / quote pages Mon before treating first prints as locked. No GMP; no listing-price prophecy.

Status hygiene:

  1. Registrar — MUFG Intime — https://in.mpms.mufg.com/Initial_Offer/public-issues.html → AceVector
  2. Company IR — https://www.acevector.com/investors (Prospectus via SEBI attachdocs; Basis of Allotment Advertisement PDF)
  3. List-day tape Mon — live bseindia.com / nseindia.com quote pages once trading commences

Takeaway: AceVector’s book is closed and allotted; Fri is a holiday bridge, not a re-open of the book. Mon 5 Oct is list-auction watch if approvals hold — founders Kunal Bahl and Rohit Kumar Bansal take Snapdeal’s parent public on Reg. 6(2) terms.

Analysis

Why this is today’s IPO lead

Capital Chronicle already covered Moneyview’s Thu 1 Oct list tape. The next large consumer-internet / ecommerce process name with a locked Prospectus + BOA ad pointing at Mon 5 Oct is AceVector. Gandhi Jayanti sitting between demat/refund Thursday and listing Monday is the freshness hook — readers checking “is Snapdeal listing today?” need a clear no, markets shut; list watch Monday answer with primary numbers.

Offer structure — Prospectus locked (29 Sep)

  • Fresh ₹2,870 Mn + OFS ₹1,330 Mn → total Offer ₹4,200 Mn at Offer Price ₹32 (Cap of the ₹30–32 band)
  • Reg. 6(2) path (company did not fulfil Reg. 6(1)(a)/(b)/(c) tests — Prospectus eligibility disclosure)
  • Designated exchange NSE; list BSE + NSE
  • Business colour from offer docs: asset-light digital commerce ecosystem — Snapdeal (value lifestyle marketplace), Unicommerce (ecommerce enablement SaaS), Stellaro Brands (omnichannel brands / Rangita)
  • SEBI Prospectus filing page: https://www.sebi.gov.in/filings/public-issues/sep-2026/acevector-limited-prospectus_104868.html

Read the subscription table carefully

The BOA advertisement publishes before-rejection overall 3.30× and after-rejection category multiples (retail 4.75×, NII buckets 6.91× / 9.32×, QIB ex-anchor 3.41×). Do not flatten those into a single “subscribed X times” slogan without saying which cut. Capital Chronicle is not publishing grey-market tips that conflict with the BOA ad.

Soft spots (do not flatten)

  • Fri holiday — no AceVector LTP / auction print exists today
  • Share counts still carry BOA-finalisation asterisks on the Prospectus cover
  • BSE BidDetails / NSE IPO API Access Denied from this box — BOA newspaper/ad PDF is the demand primary used here
  • No GMP; no Mon open prophecy; not investment advice; no politics

What to watch Mon 5 Oct

  • Opening auction / first-hour prints once AceVector is live on BSE + NSE
  • Parallel holiday reopen colour: NSE/BSE Gandhi Jayanti shut
  • Any same-day mainboard list names — confirm on exchange notices

Sources

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Corrections: corrections@capitalchronicle.news

India markets & business. Free.
Not personalized financial advice. Corrections: corrections@capitalchronicle.news