Acetech E-Commerce IPO Overview
Acetech E-Commerce Limited is an Indian e-commerce and online retail company that evolved from a limited liability partnership into a public limited company in 2024. The company operates online retail platforms, engages in dropshipping, teleshopping, multi-channel product distribution, global sourcing and fulfillment services, and markets a wide range of consumer products through e-commerce channels in India and internationally.
The company is launching its **Initial Public Offering (IPO) on the NSE SME (Small & Medium Enterprises) platform to raise ₹48.95 crore entirely through a fresh issue of equity shares. The price band is ₹106 – ₹112 per share, with a lot size of 1,200 shares (₹ 1,34,400 minimum investment for 1 lot at the upper price). The IPO opens on 27 February 2026 and closes on 4 March 2026, with tentative listing on ~9 March 2026 after allotment.
IPO DETAILED INFORMATION
Issue Details
| Parameter | Details |
| IPO Type | Book Built Issue – SME |
| IPO Open Date | 27 February 2026 |
| IPO Close Date | 4 March 2026 |
| Allotment Date | 5 March 2026 (Expected) |
| Credit to Demat | 6 March 2026 (Expected) |
| Refund Initiation | 6 March 2026 (Expected) |
| Listing Date | 9 March 2026 (Tentative) |
| Price Band | ₹106 – ₹112 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Min Investment (Retail) | ₹2,68,800 (2 lots × 1,200 shares each) |
| sNII Minimum | ₹4,03,200 (3,600 shares) |
| bNII Minimum | ₹10,75,200 (9,600 shares) |
| Issue Size | ~₹48.95 cr |
| Fresh Issue | ₹48.95 cr (100%) |
| Offer for Sale (OFS) | Nil |
| Total Shares Offered | 43,70,400 equity shares |
| Listing Exchange | NSE SME |
Note: The IPO is entirely a fresh issue – promoters will not sell shares, and all proceeds go to the company for growth and expansion.
Issue Break-up
| Category | Allocation | Shares (Approx.) |
| Qualified Institutional Buyers (QIB) | ~50% | ~20,76,000 |
| Non-Institutional Investors (NII) | ~15% | ~6,23,000 |
| Retail Individual Investors (RII) | ~35% | ~14,53,000 |
| Market Maker | ~5% | ~2,19,600 |
| Total | 100% | 43,70,400 |
Selling Shareholders (OFS)
No Offer For Sale (OFS).
The entire IPO is a fresh issue of shares, indicating no promoter share sale through this offer, and all funds raised will be used for business expansion and corporate purposes.
Objects of the Issue (Fund Utilization)
The net proceeds from the IPO are proposed to be used for:
- Marketing and Advertising – Strengthen brand awareness and promotion initiatives (~₹1.70 cr).
- Working Capital Requirements – Support inventory, procurement and operational needs (~₹7.00 cr).
- Funding Inorganic Growth (Acquisitions) & General Corporate Purposes – Strategic partnerships, scaling tech and market reach, and other general purposes (~₹40.25 cr).
Strategic Context:
- The use of funds aims to enhance e-commerce operations, marketing reach, and capacity to undertake acquisitions to broaden product lines and customer reach.
- Working capital allocation is crucial in e-commerce for inventory turnover and fulfillment logistics.
Lead Managers & Registrar
- Book Running Lead Manager (BRLM): Gretex Corporate Services Ltd.
- Registrar to the Issue: Skyline Financial Services Pvt Ltd.
- Market Maker: Arihant Capital Markets Ltd (market maker portion).
Promoters & Management
Acetech E-Commerce’s promoters and key management include:
- Ms. Sweta Bippinkumar Saraogi
- Mr. Bippinkumar Vijay Saraogi
- Ms. Madhavi Govindprasad Sharma
Promoters hold a major stake (~87.81% pre-IPO), reflecting strong promoter control pre-listing.
COMPANY DETAILS
Acetech E-Commerce Limited was originally incorporated as Acetech Ventures LLP on 4 December 2014 and converted to a public limited company in February 2024, later being renamed to Acetech E-Commerce Ltd. in 2024. The company is headquartered in Bhiwandi, Thane, Maharashtra, India.
Business Activities:
- E-commerce sales & distribution – multi-category consumer products.
- Dropshipping & teleshopping through digital marketplaces and proprietary portals.
- Warehousing & fulfillment services (Bhiwandi, Bangalore, Delhi).
- Sourcing, merchandising & marketing across online platforms.
- Cross-border e-commerce with international outreach through subsidiaries.
Financial Snapshot
| Period Ended | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) | Net Worth (₹ Cr) |
| FY23 | ~52.48 | ~1.52 | ~2.42 | ~1.87 |
| FY24 | ~60.28 | ~4.02 | ~6.64 | ~5.89 |
| FY25 | ~70.41 | ~6.88 | ~9.34 | ~12.77 |
| 6M FY26 (Sep 2025) | ~40.44 | ~5.74 | ~7.78 | ~22.12 |
Moderate revenue growth with improving profitability indicates progressive scale and a strengthening balance sheet into FY25.
Company Strengths
- Diversified e-commerce model including dropshipping, teleshopping and fulfillment services.
- Scalable business operations with multi-channel sales and logistics networks.
- Strong revenue and profitability trend over recent years.
- Established partnerships and marketplace integration with platforms like Naaptol, Shop101 and others.
- Global outreach potential through cross-border strategies and subsidiaries.
- Experienced promoter management team with heavy equity commitment.
- Use of funds aligned to marketing, working capital & strategic growth.
Key Risks & Challenges
- Highly competitive e-commerce space with major rivals like Amazon, Flipkart, Meesho and others intensifying margin pressure.
- Inventory & logistics risks inherent to online retail operations.
- Execution risk for inorganic growth/acquisitions, which may depend on timely integration and scale.
- Dependence on digital platforms and channel partners for customer acquisition.
- SME IPO volatility and higher minimum ticket size (~₹2.69 lakh) for retail investors.
Disclaimer
This document is for informational and educational purposes only and does not constitute investment advice or recommendation. Investors should read the Red Herring Prospectus (RHP) and consult certified financial advisors before making investment decisions. Past performance is not indicative of future results.
