# Acevector Limited: IPO analysis > Acevector Limited (CIN U72300DL2007PLC168097) has filed a Prospectus with SEBI for an IPO comprising a fresh issue of ₹287 Cr and an offer for sale of 4.16 Cr shares, priced at ₹30.00 to ₹32.00 per share. In FY26 it reported revenue of ₹510 Cr (+29.2% on FY25) and a net loss of ₹46 Cr. Promoters hold 53.2% before the IPO. Our fact-check of its claims found no medium or high concerns across 40 claims checked. - Page: https://ipo.innerkore.com/company/U72300DL2007PLC168097/acevector-limited/ - CIN: U72300DL2007PLC168097 - Last updated: 29 Sep 2026 ## Key facts - **Company:** Acevector Limited - **CIN:** U72300DL2007PLC168097 - **Filing stage:** Prospectus - **Latest SEBI filing:** 29 Sep 2026 - **Fresh issue:** ₹287 Cr - **Offer for sale:** 4,15,62,500 shares - **Price band:** ₹30.00 to ₹32.00 per share - **Final offer price:** ₹32.00 per share - **Lot size:** 468 shares - **Bidding opens:** 25 Sep 2026 - **Bidding closes:** 29 Sep 2026 - **Listing on:** BSE, NSE - **Revenue FY26:** ₹510 Cr - **Revenue growth:** +29.2% - **Net profit FY26:** −₹46 Cr - **Revenue CAGR FY24 to FY26:** 15.9% - **Promoter holding (pre-IPO):** 53.2% - **Lead managers:** IIFL Capital Services Limited, IIFL Securities Limited, CLSA India Private Limited, Systematix Corporate Services Limited - **Registrar:** MUFG Intime India Private Limited - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Valuation** (look closer): No P/E. Loss-making on FY26 figures. Price / sales is 3.4x at the top of the band. - **Growth** (look closer): 15.9% a year. Sales FY24 to FY26; latest year +29.2%. - **Profitability** (concern): -8.9% net margin. FY26. - **Debt** (looks fine): No borrowings. Nothing borrowed at the end of FY26. - **Profit into cash** (concern): Cash negative. Net loss of ₹45.5 crore; operations used ₹1.8 crore. - **Where the money goes** (looks fine): 32% for sale. 68% is new shares issued by the company. - **Red flags** (looks fine): None serious. 40 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 380 | 395 | 510 | | Sales growth | – | 4.0% | 29.2% | | Net profit | -51 | -126 | -46 | | Net margin | -13.5% | -32.0% | -8.9% | | Net worth | -122 | 188 | 260 | | Borrowings | 0.00 | 0.45 | 0.00 | | Return on equity | – | -67.0% | -17.5% | ## Use of proceeds (fresh issue) - marketing and business promotion expense of the Marketplace business of our Company: ₹132 crore - Funding the technology infrastructure costs of the Marketplace business of our Company: ₹50 crore - Funding inorganic growth through acquisitions and general corporate purposes(1)(2)^: ₹71 crore ## Fact-checked claims - **NONE** (PromoterBackground): The promoter of Starfish is SoftBank Group Corp.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that the promoter of Starfish is SoftBank Group Corp. - **NONE** (PromoterBackground): Starfish holds 14,06,80,480 Equity Shares in the Company.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Starfish holds 14,06,80,480 Equity Shares in Acevector Limited. - **NONE** (PromoterBackground): Starfish currently engages in the business of investment holdings.. No current web search results were found to corroborate, contradict, or provide any information regarding Starfish's current business of investment holdings. - **NONE** (PromoterBackground): Rohit Kumar Bansal is the Joint Managing Director of the Company.. No current web search results were found to corroborate or contradict the claim that Rohit Kumar Bansal is the Joint Managing Director of Acevector Limited. - **NONE** (PromoterBackground): Kunal Bahl is the Joint Managing Director of the Company.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Kunal Bahl is the Joint Managing Director of Acevector Limited. - **NONE** (PromoterBackground): The Promoters hold 24,87,30,720 Equity Shares, which is equivalent to 53.24% of the issued, subscribed and paid-up Equity Share capital on a fully diluted basis.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the Promoters holding 24,87,30,720 equity shares or their percentage of the issued capital. - **NONE** (PromoterBackground): The Company has not declared dividends on the Equity Shares in the last three Financial Years, and no dividends have been declared from April 1, 2026 till the date of this Red Herring Prospectus.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about dividend declarations by Acevector Limited. - **NONE** (PromoterBackground): Starfish was incorporated on October 1, 2014, as a private limited company under the laws of the Republic of Singapore.. No current web search results were found to corroborate, contradict, or provide any information regarding the incorporation date or jurisdiction of 'Starfish' as stated in the DRHP claim. - **NONE** (PromoterBackground): Achint Setia received a total compensation of ₹2.18 Crore(3) from the Company in Financial Year 2026.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Achint Setia received ₹2.18 Crore in compensation in FY 2026. - **NONE** (PromoterBackground): Himanshu Chakrawati received a total compensation of ₹1.14 Crore(2) from Stellaro in Financial Year 2026.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Himanshu Chakrawati received ₹1.14 Crore compensation from Stellaro in FY 2026. - **NONE** (PromoterBackground): Kapil Makhija received a total compensation of ₹2.24 Crore(1) from Unicommerce in Financial Year 2026.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Kapil Makhija received ₹2.24 Crore from Unicommerce in FY 2026. - **NONE** (PromoterBackground): The Nomination and Remuneration Committee must perform functions required by the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, including administering employee stock option plans.. No current web search results were found to corroborate, contradict, update, or provide any new information regarding the claim about the Nomination and Remuneration Committee's functions under the SEBI Regulations, 2021, concerning employee stock option plans. ## Common questions ### How big is the Acevector Limited IPO? Acevector Limited's IPO comprises a fresh issue of ₹287 Cr and an offer for sale of 4.16 Cr shares, according to its Prospectus. The price band was ₹30.00 to ₹32.00 per share and the final offer price was ₹32.00 per share. ### What are Acevector Limited's revenue and profit? Acevector Limited reported revenue from operations of ₹510 Cr in FY26, +29.2% versus FY25. Net loss was ₹46 Cr (FY25: loss of ₹126 Cr). Revenue grew at a compound rate of 15.9% a year from FY24 to FY26. Figures are read from the Prospectus, as printed there. ### How much do promoters own in Acevector Limited? Promoters hold 53.2% of Acevector Limited before the IPO. ### How will Acevector Limited use the IPO money? The fresh-issue proceeds are earmarked for: marketing and business promotion expense of the Marketplace business of our Company (₹132 Cr); Funding the technology infrastructure costs of the Marketplace business of our Company (₹50 Cr); Funding inorganic growth through acquisitions and general corporate purposes(1)(2)^ (₹71 Cr). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Acevector Limited's Prospectus? We fact-checked 40 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Acevector Limited do? Here's what you need to know before investing in Acevector Limited's IPO. ### Who manages the Acevector Limited IPO? Book running lead managers: IIFL Capital Services Limited, IIFL Securities Limited, CLSA India Private Limited, Systematix Corporate Services Limited. Registrar to the offer: MUFG Intime India Private Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Acevector Limited IPO documents? All 3 filings for Acevector Limited (RHP, DAP, Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Acevector Limited - Prospectus](https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1790846031899.pdf) (Prospectus, filed 29 Sep 2026) - [Acevector Limited - RHP](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1790052915761.pdf) (Red Herring Prospectus, filed 21 Sep 2026) - [Acevector Limited - RHP](https://www.sebi.gov.in/sebi_data/commondocs/sep-2026/Acevector%20Limited%20-%20Abridged%20Prospectus_p.pdf) (Abridged prospectus (DAP), filed 21 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.