| Annual Financials | Mar 2023 | Mar 2024 | Mar 2025 |
| Revenue | 52.38 | 60.25 | 70.28 |
| Expenses | 50.02 | 53.74 | 61.01 |
| Other Income | 0.10 | 0.03 | 0.13 |
| Total Revenue | 52.48 | 60.28 | 70.41 |
| Profit Before Tax | 2.46 | 6.54 | 9.41 |
| Net Profit | 1.52 | 4.02 | 6.88 |
Acetech E-Commerce
Acetech E-Commerce IPO
₹2,54,400
0.26 xOver-subscribedBidding Dates27 Feb, 26 -04 Mar, 26
Min Investment ₹2,54,400
Lot Size1,200
Price Range₹106 – ₹112
Issue Size ₹48.95 Cr.
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IPO Subscription Details
Retail Subscription Details
0.42 x
Non-Institutional Buyers (sHNI)
0.12 x
Non-Institutional Buyers (bHNI)
0 x
Qualified Institutional Buyers (QIB)
0.22 x
Total0.26 x
0.26 x IPO Timeline
IPO Offer Start
27 Feb,26
IPO Offer Ends
04 Mar,26
Allotment Finalisation
05 Mar,26
Refund Initiation
06 Mar,26
Listing of Shares
09 Mar,26
IPO Analysis
Strengths
The company has developed a flexible business model centered on identifying short-cycle product trends, sourcing them efficiently, and marketing them digitally across global platforms with minimal inventory risk.
Through its subsidiary Conceptive Brains Private Limited, the company has created niche brands in categories such as personal care, ayurvedic products, and eco-friendly homecare with international presence via Acetech Ventures Inc.
With nearly a decade of operating history since 2014, the company has built expertise in consumer demand analysis, product life-cycle management, and execution of e-commerce operations.
Risks
The company is dependent on procurement of imported products sourced from China through domestic dealers, accounting for approximately 22%, 25%, 21% and 14% of total procurement in recent periods. Any disruption in supply from China due to trade policies, tariffs, geopolitical developments, or supply chain disruptions may adversely affect the company's ability to meet customer demand and could impact business operations and profitability.
The company has negative cash flow from operating activities of ₹280.75 lakhs, ₹106.19 lakhs, and ₹47.57 lakhs for the six months ended September 30, 2025, FY 2025, and FY 2024 respectively. Sustained negative cash flows could impact the company's growth plans and business operations, primarily due to higher working capital requirements and increased trade receivables.
The company generates significant revenue from a limited number of clients, with top 10 customers accounting for 85.20%, 92.65%, 94.29% and 98.19% of total revenue in recent periods. The company does not have long-term agreements with these customers, exposing it to high risk if any major client discontinues business relationships.
Objectives
The company intends to deploy funds for marketing and advertising activities across digital platforms including Meta, Google Ads, performance marketing, and content creation to drive brand awareness, customer acquisition, and market expansion across Tier 2, Tier 3 cities and rural areas.
The company proposes to utilize funds to meet working capital requirements including inventory management, trade receivables, short-term loans and advances, and other current assets to support business operations and expected growth.
The company intends to utilize funds for potential strategic acquisitions in complementary business segments, general corporate purposes including strategic initiatives, brand building activities, and ongoing corporate exigencies as approved by the Board.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2023 | Mar 2024 | Mar 2025 |
| Total Assets | 18.05 | 15.37 | 19.44 |
| Current Assets | 16.82 | 14.36 | 19.23 |
| Fixed Assets | 1.23 | 1.00 | 0.20 |
| Total Equity & Liabilities | 18.05 | 15.37 | 19.44 |
| Total Liabilities | 16.19 | 9.48 | 6.67 |
| Current Liabilities | 15.69 | 6.88 | 6.23 |
| Non Current Liabilities | 0.49 | 2.59 | 0.43 |
| Total Equity | 1.87 | 5.89 | 12.77 |
Cash Flow
| Cash Flow | Mar 2023 | Mar 2024 | Mar 2025 |
| Net Cash Flow | -0.09 | 1.69 | -2.31 |
| Investing Activities | -0.93 | 0.18 | 0.84 |
| Operating Activities | 0.45 | -0.48 | -1.06 |
| Financing Activities | 0.40 | 1.98 | -2.10 |
About Acetech E-Commerce
Acetech E-Commerce Limited is engaged in the e-commerce business with a focus on drop shipping, teleshopping, and direct-to-consumer strategies. The company operates through an integrated e-commerce management process that encompasses product identification, sourcing, distribution, and sales across major online platforms such as Naaptol, Shop101, and GlowRoad, as well as through...more
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Managing DirectorMr. Bippinkumar Vijay Saraogi
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