AceVector Group Files Confidential IPO Papers Amid Strong Subsidiary Results
AceVector Group, the parent company of e-commerce marketplace Snapdeal and SaaS platform Unicommerce, has filed confidential draft papers for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). This move follows a trend of several companies opting for the confidential filing route for their IPOs.
AceVector's decision to explore an IPO comes amidst positive financial results for Unicommerce. In FY25, Unicommerce reported a 30% year-over-year (YoY) increase in revenue to Rs 135 crore and a 34% increase in net profit to Rs 18 crore. Meanwhile, Snapdeal reported marginal revenue growth of 2% in FY24 to Rs 380 crore, with a significant 43% reduction in net loss to Rs 160 crore.
AceVector is not the only company considering a boi filing this year. WeWork India launched a ₹3000 crore IPO in October 2025, and Dev Accelerator, a flexible workspace provider, saw its IPO fully subscribed on the opening day. Other Indian companies like Groww, Shiprocket, PhysicsWallah, and Urban Company are also exploring public listings.
AceVector's IPO filing, along with the positive financial results of its subsidiaries, signals a strong momentum for the group. The confidential filing route allows for greater flexibility in the IPO process, enabling AceVector to navigate the market conditions effectively. As more companies consider IPOs, the Indian market continues to witness a wave of public listings.
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