Snapdeal
Parent company of the Snapdeal value e-commerce marketplace, also running SaaS platforms and an owned-brands consumer products arm.
Last updated 4 Oct 2026, 7:14 pm IST
- Price band
- ₹30 – ₹32
- Lot size
- 468
- Issue size
- ₹420 Cr (₹287 Cr fresh + ₹133 Cr OFS)
- Opens
- 25 Sept 2026
- Closes
- 29 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹1 (~3.1%) (28 Sep, unchanged)
- Subscription
- ~0.3× (day 4, 28 Sep, still weak)
- Listing date
- 5 Oct 2026
- Model prediction
- ~flat expected → Neutral. Book still weak at ~0.3× (day 4; retail 0.63×, QIB 0×); GMP thin at ₹1 (~3%).
The Ticker Tales take
Snapdeal, run by parent company AceVector, is a value-focused e-commerce marketplace that also owns SaaS platforms (Uniware, Convertway, Shipway) and Stellaro Brands, its own consumer-products arm — an asset-light digital commerce group rather than a single retail site. Of the ₹420 crore issue, ₹287 crore is fresh money for the company and ₹133 crore is existing investors selling down. FY26 revenue grew 29% to ₹510.3 crore, and the net loss narrowed 64% to ₹45.5 crore from ₹126.3 crore — moving in the right direction, but still a loss-making business. Demand has stayed weak through day four at roughly 0.3 times covered (retail 0.63×, QIB still at 0×), and the grey market premium remains thin at around ₹1, roughly 3% over the top of the band. We expect a flat, unexciting debut, so this stays Neutral.
More details
- Sector
- E-commerce marketplace
- Registrar
- MUFG Intime India
- Issue type
- Book-built (₹287 Cr fresh + ₹133 Cr OFS)
- FY26 revenue
- ₹510.3 Cr (+29%)
- Incorporated
- 2007
- FY26 net loss
- ₹45.5 Cr (narrowed from ₹126.3 Cr)
- Lead managers
- IIFL Capital Services, CLSA India, Systematix Corporate Services
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.