AceVector’s IPO, priced between ₹30 and ₹32, closed at the top of the band with 5.9 Cr shares allotted at ₹32 each. The fresh issue will raise ₹287 Cr, while the offer‑for‑sale will bring in ₹133 Cr, giving a total issue size of ₹420 Cr.
FY26 revenue rose 29.2% to ₹510.4 Cr, up from ₹395 Cr a year earlier, but the net loss narrowed to ₹60.7 Cr from ₹139.2 Cr FY25. Adjusted EBITDA losses fell to ₹16 Cr versus ₹27 Cr in FY24, a 40% improvement, though analysts still see the company as operating at a loss.
SBI Securities’ ‘Avoid’ rating cites persistent losses, intense rivalry from Meesho, Flipkart and Amazon, and reliance on third‑party logistics. The company’s valuation at 3.4× FY26 price‑to‑sales is high relative to the sector average of 2.1× for e‑commerce peers.
AceVector plans to deploy ₹132 Cr of fresh proceeds to marketing, ₹50 Cr to tech infrastructure and the remainder to acquisitions and general corporate purposes. The market will watch the October 5 listing for initial price action and will look for any guidance on profitability targets ahead of the FY27 results.