· Price Band is fixed at ₹ 30 to ₹ 32 per equity share of face value of ₹ 1 each (“Equity Share”).
· The Offer opens on Friday, September 25, 2026 for Bids and closes on Tuesday, September 29, 2026. The Anchor Investor Bidding Date will open and close on Thursday, September 24, 2026.
· Bids can be made for a minimum of 468 Equity Shares and in multiples of 468 Equity Shares thereafter.
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Mumabi | AceVector Limited (“AceVector” or the “Company”), announces that the Bid / Offer Opening Date in relation to its initial public offering of its Equity Shares (“Offer”) will be Friday, September 25, 2026.
The Anchor Investor Bidding Date shall be Thursday, September 24, 2026
The Price Band is fixed at ₹30 to ₹32 per equity share of face value of ₹1 each (“Equity Share”).
The Offer comprises a fresh issue of such number of Equity Shares by the Company aggregating up to ₹2,870.00 million (the “Fresh Issue”) and an offer for sale of up to 41,562,500 Equity Shares (the “Offer for Sale”) by certain existing shareholders of the Company (the “Selling Shareholders”).
The Company proposes to utilise the net proceeds from Fresh Issuetowards (i) funding a portion of the marketing and business promotion expense of the Marketplace business of the Company, (ii) funding the technology infrastructure costs of the Marketplace business of the Company, and (iii) funding inorganic growth through acquisitions and general corporate purposes (the “Objects of the Offer”).
The Offer for Sale comprises of up to 27,607,082 Equity Shares by Starfish I Pte. Ltd. (“Promoter Selling Shareholder”), up to 7,391,113 Equity Shares by Nexus India Direct Investments II, up to 1,740,528 Equity Shares by FIH Business Global Pte. Ltd. (formerly known as Wonderful Star Pte. Ltd.), up to 839,713 Equity Shares by Nexus Opportunity Fund Ltd, up to 465,599 Equity Shares by Nexus Ventures III, Ltd., up to 269,120 Equity Shares by Rupen Investment and Industries Private Limited, up to 269,120 Equity Shares by Centaurus Trading and Investments Private Limited ( collectively, Investor Selling Shareholders), up to 1,320,799 Equity Shares by Kenneth Stuart Glass, up to 1,111,680 Equity Shares by Jason Ashok Kothari, up to 224,786 Equity Shares by Laurent Bernard Amouyal Up to 215,280 Equity Shares by Misha Kohli, up to 53,840 Equity Shares by Radhika Gupta, up to 53,840 Equity Shares by Nalin Luis Moniz (collectively, Individual Selling Shareholders)
The Anchor Investor Bid/Offer Period opens and closes on Thursday, September 24, 2026. The Bid/Offer Period will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026.
The Price Band of the Offer has been fixed at ₹ 30. to ₹32 per Equity Share. Bids can be made for a minimum of 468 Equity Shares and in multiples of 468 Equity Shares thereafter.
The Equity Shares to be offered through the RHP are proposed to be listed on BSE Limited and National Stock Exchange of India Limited (“NSE”). For the purposes of the Offer, NSE is the Designated Stock Exchange.
The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that our Company, in consultation with the Book Running Lead Managers may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”). 40% of the Anchor Investor Portion will be reserved for allocation in the following manner: (i) 33.33% to domestic Mutual Funds, and (ii) 6.67% to life insurance companies and pension funds. In the event of an under-subscription in the portion reserved for life insurance companies and pension funds, the allocation shall be made to domestic Mutual Funds, subject to valid Bids being received at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds subject to valid Bids being received at or above the Offer Price. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire Bid Amount (will be refunded forthwith. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to all QIBs.
Further, not more than 15% of the Offer shall be available for allocation to Non-Institutional Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. One-third of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹200,000 and up to ₹1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹1,000,000 provided that under-subscription in either of these two sub-categories of the Non-Institutional Portion may be allocated to Non-Institutional Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see “Offer Procedure” beginning on page 509 of the RHP.
The Equity Shares are being issued through the red herring prospectus of the Company dated September 21, 2026 (the “RHP”) filed with The Registrar of Companies, National Capital Territory of Delhi-I at South Delhi (the “RoC”) and are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, collectively the “Stock Exchanges”).
IIFL Capital Services Limited (formerly known as IIFL Securities Limited), CLSA India Private Limited and Systematix Corporate Services Limited (the “BRLMs”) are the book running lead managers to the Offer.
