Ecommerce marketplace Snapdeal’s parent company AceVector has set the price band for its upcoming initial public offering (IPO) at Rs 30-32 per share. At the upper end of the price range, the IPO will value the company at Rs 1,741 crore, or around $182 million.
Meanwhile, AceVector plans to raise Rs 287 crore through the fresh issue of shares. In addition, existing investors, including SoftBank, Nexus Venture Partners, and Foxconn, will sell shares worth Rs 133 crore through the offer-for-sale (OFS) component.
However, the $182 million valuation represents a sharp decline from Snapdeal’s peak valuation. The e-commerce company once ranked among India’s largest online marketplaces and reached a valuation of $6.5 billion in 2016.
Japanese investor SoftBank remains AceVector’s largest shareholder, holding a 30.1% stake. The investor put around $1 billion into Snapdeal between 2014 and 2015. However, SoftBank wrote off the investment in 2017 after merger discussions between Snapdeal and rival Flipkart collapsed.
As part of the IPO, SoftBank will sell shares worth Rs 88 crore. Nevertheless, the investor will retain shares worth Rs 362 crore at the upper end of the IPO price band. Meanwhile, founders Kunal Bahl and Rohit Bansal, who collectively hold around 34% of AceVector directly and through related entities, will not sell any shares in the IPO.
Furthermore, AceVector reported stronger financial performance in FY26. The company increased its operating revenue by 30% to Rs 510 crore, while it reduced its net loss to Rs 45 crore from Rs 126 crore in FY25.
At the same time, AceVector plans to allocate almost half of the IPO proceeds towards marketing and promotion for Snapdeal. Through this investment, the company aims to revive growth at its e-commerce marketplace and strengthen its position in India’s competitive online retail market.
Snapdeal previously competed closely with Flipkart as a major e-commerce player in India. However, the company has since lost significant market share as larger e-commerce platforms expanded their presence across the country.
Earlier, AceVector confidentially filed for its IPO in July 2025. Subsequently, market regulator Sebi approved the company’s IPO in November. AceVector then filed an updated draft prospectus in December as it moved closer to the public listing.
