Acetech E-Commerce IPO (SME)
Acetech E-Commerce IPO is a book build SME issue of Rs. 48.95 crore, comprising a fresh issue of 0.44 crore equity shares aggregating to Rs. 48.95 crore.
The IPO opens on February 27, 2026, and closes on March 4, 2026. The allotment is expected on March 5, 2026, and the listing is tentatively scheduled for March 9, 2026 on NSE SME.
The IPO is offered at a price band of Rs. 106 – Rs. 112 per share, and the lot size is 1,200 shares. The minimum investment for retail investors is Rs. 2,68,800 (2,400 shares) (based on upper price), and for HNI investors, Rs. 4,03,200 (3,600 shares).
Lead Manager: Gretex Corporate Services Ltd.
Registrar: Skyline Financial Services Pvt.Ltd.
Market Maker: Arihant Capital Markets Ltd.
🕗 Last Update: 25 February 2026, 6.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | February 27, 2026 |
| IPO Close Date | March 4, 2026 |
| Allotment Date | March 5, 2026 |
| Refunds Initiation | March 6, 2026 |
| Credit to Demat | March 6, 2026 |
| Listing Date | March 9, 2026 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 106 – Rs. 112 |
| Lot Size | 1,200 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 43,70,400 shares (Rs. 48.95 Cr) |
| Market Maker Portion | 2,19,600 shares (Rs. 2 Cr) – Arihant Capital Markets Ltd. |
| Net Offer to Public | 41,50,800 shares (Rs. 46 Cr) |
| Issue Type | Book Building Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 1,20,13,335 shares |
| Shareholding Post-Issue | 1,63,83,735 shares |
| Market Cap (Pre-IPO) | Rs. 183.50 Cr |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| QIB | Not more than 50% of Net Offer | – |
| NII (HNI) | Not less than 15% of Net Offer | – |
| Retail Individual Investors | Not less than 35% of Net Offer | – |
| Total | – | 100.00% |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / Max) | 2 | 2,400 | 2,68,800 |
| S-HNI (Min) | 3 | 3,600 | 4,03,200 |
| S-HNI (Max) | 7 | 8,400 | 9,40,800 |
| B-HNI (Min) | 8 | 9,600 | 10,75,200 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 87.81% |
| Promoter Holding Post-Issue | – |
Promoters: Ms. Sweta Bippinkumar Saraogi, Mr. Bippinkumar Vijay Saraogi and Ms. Madhavi Govindprasad Sharma.
About Acetech E-Commerce Ltd.
Incorporated in 2014, Acetech E-Commerce Ltd. is engaged in e-commerce activities including dropshipping, teleshopping and cross-border selling. The company deals in a wide range of products, merchandise, accessories, wellness products and human-centric equipment through online platforms, kiosks and distribution channels across India and overseas markets.
The company’s operations cover product research and identification, sourcing and procurement, warehousing and fulfilment, e-commerce platform management, marketing and advertising, and global expansion strategies. As of September 30, 2025, the company employed 59 personnel and operates warehouses in Bhiwandi, Bangalore and Delhi to cater to regional demand.
Business Model:
-
Product Research and Identification Process
-
Sourcing and Procurement Process
-
Warehousing and Fulfilment Process
-
Ecommerce Platform Management Process
-
Marketing and Advertisement Process
-
Global Selling Expansion Process
Competitive Strengths:
-
Unique and Scalable Business Model
-
Brand Development Capabilities
-
Sector Experience
-
Margin Potential
Company Financials (Rs. crore – Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 29.40 | 19.44 | 15.37 | 18.05 |
| Total Income | 40.44 | 70.41 | 60.28 | 52.48 |
| Profit After Tax | 5.74 | 6.88 | 4.02 | 1.52 |
| EBITDA | 7.78 | 9.34 | 6.64 | 2.42 |
| Net Worth | 22.12 | 12.77 | 5.89 | 1.87 |
| Reserves & Surplus | 10.11 | 3.76 | 5.88 | 1.86 |
| Total Borrowings | 0.43 | 0.49 | 2.57 | 0.50 |
Objects of the Issue (Rs. crore)
| S.No. | Objects of the Issue | Amount |
|---|---|---|
| 1 | Marketing and Advertisement Expenditure | 1.70 |
| 2 | Working Capital Requirements | 7.00 |
| 3 | Funding inorganic growth through unidentified acquisitions and general corporate purposes | Balance |
Key Performance Indicators
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 32.88% | 73.75% |
| ROCE | 34.46% | 71.12% |
| Debt/Equity | 0.02 | 0.04 |
| RoNW | 32.88% | 73.75% |
| PAT Margin | 14.19% | 9.79% |
| EBITDA Margin | 19.25% | 13.29% |
| Price to Book Value | 5.82 | 7.90 |
IPO Valuation Metrics
| Particulars | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | 5.73 | 7.00 |
| P/E (x) | 19.56 | 16.00 |
| Market Cap (Rs. Cr.) | 183.50 | – |
Company Contact
| Particulars | Details |
|---|---|
| Company Name | Acetech E-Commerce Ltd. |
| Address | 1234/C/1 to 1234/C/6 Gala, Bldg B-5 Prithvi Complex, Anjur, Thane, Bhiwandi, Mumbai, Maharashtra – 421302 |
| Phone | +91 84849 93426 |
| info@acetechecommerce.com |
IPO Lead Manager(s)
| Particulars | Details |
|---|---|
| Lead Manager | Gretex Corporate Services Ltd. |
IPO Registrar
| Particulars | Details |
|---|---|
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Phone | 02228511022 |
| ipo@skylinerta.com | |
| Website | Visit Website |
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
| Particulars | Details |
|---|---|
| Analyst View | Acetech E-Commerce operates in the fast-growing digital commerce and cross-border selling segment with an asset-light operational framework covering sourcing, warehousing and platform management. The issue proceeds are primarily aimed at marketing expansion and working capital support, which could help scale operations and brand reach. Key monitorables include customer acquisition cost, margin sustainability, inventory management and execution of expansion strategy. |
| Chanakya View | HIGH RISK APPLY – suitable for investors with higher risk appetite considering SME liquidity and evolving e-commerce competitive landscape. |
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