AceVector, the parent company of Snapdeal, is preparing to file a Draft Red Herring Prospectus (DRHP) for an upcoming ₹500 Cr IPO.

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The IPO will primarily comprise a fresh issue of shares, with CLSA and IIFL expected to serve as lead bankers for the offering.

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· AceVector operates Snapdeal, the e-commerce SaaS firm Unicommerce, and the D2C brand platform Stellaro Brands.

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Snapdeal, once a major player in Indian e-commerce, has reinvented itself as a value-driven marketplace.

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Major stakeholders in AceVector include founders Kunal Bahl and Rohit Bansal, along with SoftBank and Nexus Venture Partners.

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Unicommerce's IPO earlier this year saw a 168x oversubscription and debuted at a 118% premium, boosting AceVector’s public image.

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Stellaro Brands under AceVector houses fashion labels like Rangita and Urban Mark, catering to ethnic and Indo-Western segments.

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AceVector becomes the latest new-age tech company eyeing a public listing, joining peers like Ather Energy and ArisInfra.

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SEBI is witnessing a surge of DRHPs from new-age tech startups such as Meesho, Urban Company, and Groww.

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The IPO momentum is intensifying, with companies like Smartworks seeing strong oversubscription and WeWork India receiving SEBI nod.

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