Acetech E-Commerce shares list flat at IPO price of Rs 112 on NSE SME platform

Shares of Acetech E-Commerce made a lacklustre debut on D-Street on Monday, listing at its IPO price of Rs 112 on the NSE SME Platform. The listing was in line with grey market expectations, which had indicated a flat opening.
The company’s shares were commanding a grey market premium (GMP) of 0% ahead of the debut.

The Rs 49 crore IPO, which was open for subscription between February 27 and March 4, received modest investor interest and was subscribed 1.14 times overall. Retail investors bid for about 1.16 times the shares reserved for them, while the non-institutional investor portion was subscribed 1.57 times. Qualified institutional buyers subscribed their portion only once.


The issue comprised a fresh issue of 43.7 lakh equity shares, raising about Rs 48.95 crore.

Acetech E-Commerce, incorporated in 2014, operates in the e-commerce services space with activities spanning dropshipping, teleshopping and cross-border online selling. The company handles the full value chain of e-commerce operations, including product research, sourcing and procurement, warehousing, fulfilment, marketing and online marketplace management.

The firm sells a range of consumer-centric products including wellness goods, accessories and equipment through online platforms and distribution channels. It also operates warehouses in Bhiwandi, Bengaluru and Delhi to support fulfilment across regions.

According to its financial disclosures, the company has shown steady growth in recent years. For the six months ended September 2025, it reported revenue of Rs 40.44 crore and a profit after tax of Rs 5.74 crore. In FY25, the company recorded revenue of Rs 70.41 crore with a net profit of Rs 6.88 crore.

The IPO proceeds will primarily be used for marketing and advertising expenditure, working capital requirements, funding potential acquisitions and general corporate purposes.

With the premium currently at zero, Acetech E-Commerce's debut will likely depend on broader market conditions and investor appetite for SME listings on the day of trading.