AceVector IPO To Open On AceVector IPO, 2026
FinTech BizNews Service
Mumbai, 22 September, 2026: AceVector Limited (“AceVector” or the “Company”), announces that the Bid / Offer Opening Date in relation to its initial public offering of its Equity Shares (“Offer”) will be Friday, September 25, 2026.
The Anchor Investor Bidding Date shall be Thursday, September 24, 2026
The Price Band is fixed at Rs30 to Rs32 per equity share of face value of Rs1 each (“Equity Share”).
RHP-https://www.iiflcapital.com/institutionalequities/Upload/InvestmentBanking/Prospects/Acevector_ RHP.pdf
The Offer comprises a fresh issue of such number of Equity Shares by the Company aggregating up to Rs2,870.00 million (the “Fresh Issue”) and an offer for sale of up to 41,562,500 Equity Shares (the “Offer for Sale”) by certain existing shareholders of the Company (the “Selling Shareholders”).
The Company proposes to utilise the net proceeds from Fresh Issuetowards (i) funding a portion of the marketing and business promotion expense of the Marketplace business of the Company, (ii) funding the technology infrastructure costs of the Marketplace business of the Company, and (iii) funding inorganic growth through acquisitions and general corporate purposes (the “Objects of the Offer”).
The Offer for Sale comprises of up to 27,607,082 Equity Shares by Starfish I Pte. Ltd. (“Promoter Selling Shareholder”), up to 7,391,113 Equity Shares by Nexus India Direct Investments II, up to 1,740,528 Equity Shares by FIH Business Global Pte. Ltd. (formerly known as Wonderful Star Pte. Ltd.), up to 839,713 Equity Shares by Nexus Opportunity Fund Ltd, up to 465,599 Equity Shares by Nexus Ventures III, Ltd., up to 269,120 Equity Shares by Rupen Investment and Industries Private Limited, up to 269,120 Equity Shares by Centaurus Trading and Investments Private Limited ( collectively, Investor Selling Shareholders), up to 1,320,799 Equity Shares by Kenneth Stuart Glass, up to 1,111,680 Equity Shares by Jason Ashok Kothari, up to 224,786 Equity Shares by Laurent Bernard Amouyal Up to 215,280 Equity Shares by Misha Kohli, up to 53,840 Equity Shares by Radhika Gupta, up to 53,840 Equity Shares by Nalin Luis Moniz (collectively, Individual Selling Shareholders)
The Anchor Investor Bid/Offer Period opens and closes on Thursday, September 24, 2026. The Bid/Offer Period will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026.
The Price Band of the Offer has been fixed at Rs30. to Rs32 per Equity Share. Bids can be made for a minimum of 468 Equity Shares and in multiples of 468 Equity Shares thereafter.
The Equity Shares to be offered through the RHP are proposed to be listed on BSE Limited and National Stock Exchange of India Limited (“NSE”). For the purposes of the Offer, NSE is the Designated Stock Exchange.
The Equity Shares are being issued through the red herring prospectus of the Company dated September 21, 2026 (the “RHP”) filed with The Registrar of Companies, National Capital Territory of Delhi-I at South Delhi (the “RoC”) and are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, collectively the “Stock Exchanges”).
IIFL Capital Services Limited (formerly known as IIFL Securities Limited), CLSA India Private Limited and Systematix Corporate Services Limited (the “BRLMs”) are the book running lead managers to the Offer.
