Latest news with #Snapdeal
Time of India
4 days ago
- Business
- Time of India
Snapdeal parent AceVector confidentially files for D-Street debut
Academy Empower your mind, elevate your skills Gurgaon-based AceVector Group has filed draft documents with the capital markets regulator for an initial public offering , the holding company of Snapdeal and Unicommerce said in a newspaper advertisement on filed the draft red herring prospectus (DRHP) under the Securities and Exchange Board of India 's confidential filing facility, which allows companies to delay public disclosure of the founded by Kunal Bahl and Rohit Bansal, also operates consumer brand building company Stellaro Brands. It is listed as a promoter of Unicommerce and owns more than 28% of the ecommerce software got listed on the exchanges in August last year at Rs 235 per share, more than double its issue price of Rs 108. The shares have since come down from the highs and closed Friday at Rs 128.80 on the revenue for fiscal 2025 ended March 31 grew 30% to Rs 135 crore. Net profit rose 34% to Rs 18 firm Snapdeal's revenue from operations increased 2% to Rs 380 crore in FY24, while its loss reduced 43% to Rs 160 confidential route gives companies flexibility in determining the issue size in the initial stages, allowing them to revise the number of fresh shares to be issued by up to 50% until an updated DRHP is this, the company has joined a long list of new-age companies that have filed to go public including Curefoods Urban Company , and Boat Capillary Technologies and Wakefit On July 3, ET reported that a dozen of these new age companies that have filed their draft IPO papers this year collectively look to raise over Rs 18,000 crore (more than $2 billion) through fresh issuances of shares.
Time of India
4 days ago
- Business
- Time of India
Snapdeal's parent AceVector files confidential draft IPO papers with Sebi
AceVector , parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). In a public announcement on Saturday, AceVector stated that it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges ...in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS) platform Unicommerce , and consumer brand building firm Stellar Brands. Of these, Unicommerce became a publicly listed company in 2024. The company's IPO had received an overwhelming response, with the issue having been oversubscribed 168.32 times. AceVector, which is founded by Kunal Bahl and Rohit Bansal , opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the draft red herring prospectus (DRHP) until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans. In recent months, several companies, including INOX Clean Energy, logistics service provider Shadowfax Technologies, stock broking firm Groww, Gaja Alternative Asset Management, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar filings. Market experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage.
Business Upturn
4 days ago
- Business
- Business Upturn
Snapdeal's parent company AceVector files confidential IPO papers: Report
By Aditya Bhagchandani Published on July 19, 2025, 13:05 IST AceVector, the parent company of e-commerce platform Snapdeal, has confidentially filed draft papers with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO). In a public statement on Saturday, the Gurugram-based company said it has submitted the pre-filed draft red herring prospectus (DRHP) to Sebi and the stock exchanges in connection with its IPO on the main board. Apart from Snapdeal, AceVector also operates the software-as-a-service (SaaS) platform Unicommerce and the consumer brand-building firm Stellar Brands. Notably, Unicommerce became a publicly listed company in 2024, with its IPO oversubscribed by 168.32 times. AceVector, founded by Kunal Bahl and Rohit Bansal, has opted for the confidential pre-filing route — a regulatory mechanism that lets companies keep their IPO details private until later stages. This route has grown popular among Indian firms for the flexibility it offers. In recent months, several companies — including INOX Clean Energy, Shadowfax Technologies, Groww, Gaja Alternative Asset Management, Shiprocket, Tata Capital, PhysicsWallah, and Imagine Marketing (boAt) — have taken the same approach. In 2024, Swiggy and Vishal Mega Mart also went public after filing confidentially. According to market observers, the confidential filing route gives companies more time and flexibility by extending the IPO launch window to 18 months (from 12 months in the traditional route) after Sebi's final comments, and allowing them to modify the primary issue size by up to 50% at the updated DRHP stage. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Deccan Herald
4 days ago
- Business
- Deccan Herald
Snapdeal's parent AceVector files confidential draft IPO papers with Sebi
Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS) platform Unicommerce, and consumer brand building firm Stellar Brands.
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Business Standard
4 days ago
- Business
- Business Standard
Snapdeal's parent AceVector files confidential draft IPO papers with Sebi
AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). In a public announcement on Saturday, AceVector stated that it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges ...in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS) platform Unicommerce, and consumer brand building firm Stellar Brands. Of these, Unicommerce became a publicly listed company in 2024. The company's IPO had received an overwhelming response, with the issue having been oversubscribed 168.32 times. AceVector, which is founded by Kunal Bahl and Rohit Bansal, opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the draft red herring prospectus (DRHP) until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans. In recent months, several companies, including INOX Clean Energy, logistics service provider Shadowfax Technologies, stock broking firm Groww, Gaja Alternative Asset Management, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar filings. Market experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
