AceVector, the parent company of Snapdeal, has quietly taken its first step toward going public. The Gurugram-based company has filed confidential IPO papers with SEBI, India’s market regulator.
In a statement on Saturday, AceVector said it has submitted a pre-filed draft red herring prospectus to SEBI and stock exchanges. This move means the company is planning to raise funds through an initial public offering, but without sharing all the details publicly yet.
But AceVector is not just Snapdeal. It also runs Unicommerce, a SaaS platform that helps businesses manage their online orders and supply chains. Unicommerce already went public in 2024 and was a hit. Its IPO was oversubscribed by more than 168 times.
There’s also Stellar Brands under AceVector. It helps create and grow new consumer brands in India.
The company was started by Kunal Bahl and Rohit Bansal. They were also behind Snapdeal’s early rise as one of India’s top e-commerce sites.
By choosing the confidential pre-filing path, AceVector joins a growing list of Indian companies taking the flexible route to IPO. This method gives more time and less public pressure. Companies using this route don’t need to reveal everything upfront. They get up to 18 months after SEBI comments to go live, which is more than the 12-month limit in the traditional route.
Also, they can change the size of the IPO by up to 50 percent later on. This makes planning much easier and smarter.
Other big names have done the same recently. These include Swiggy, Vishal Mega Mart, Tata Capital, PhysicsWallah, and even Shiprocket. Many experts say this is now the best way to go public in India.
AceVector’s move shows it’s thinking long-term. It’s not just about raising money. It’s about making a strong, careful entry into the public market. And with Snapdeal, Unicommerce, and Stellar Brands in its portfolio, it’s got some serious backing.
While the full IPO details are still under wraps, one thing is clear — AceVector is aiming big.
Also Read India Sees 108 IPOs Raising $4.6 Billion in First Half of 2025: EY Report
