AceVector Limited IPO

The company has incurred restated loss of Rs. 224.62 million, Rs. 1,103.99 million for the six months period ended September 30, 2025 and September 30, 2024, and Rs.1,259.38 million, Rs.512.97 million and Rs.2,675.32 million in the Financial Years ended March 31, 2025, 2024 and 2023 respectively. If the company is unable to generate adequate revenue growth and manage its expenses and cash flows as the company grow, the company may continue to incur losses in the future.

The company has had net cash used in operating and financing activities for the six months period ended September 30, 2025 and September 30, 2024 Financial Years 2025, 2024, and 2023, and the company may continue to have a net used cash position in the future.

A significant portion of its revenue from operations is generated through Snapdeal, the company's marketplace business. As per Ind AS 108 - Operating Segments, the company's revenue from operations - marketplace contributed to Rs. 1,426.57 million, Rs. 1,162.05 million Rs.2,498.67 million, Rs.2,528.87 million and Rs.2,795.05 million in six months period ended September 30, 2025 and September 30, 2024 and in Financial Years 2025, 2024, and 2023 respectively, which amounted 58.37%, 64.14%, 63.25%, 66.59% and 75.14%, respectively, of its revenue from operations. The company's efforts to acquire new users, clients and customers of our business and retain them may not be successful or may be more costly than the company expect, which could prevent the company from maintaining or increasing its revenue.

The company operates in a highly competitive industry and its failures to compete effectively could have a negative impact on the success of its business and/or impact the company's margins.

If the company is unable to manage its growth or execute the company's strategies effectively, the company's business plan and expansion may not be successful, and its business and prospects may be adversely affected.

The company's business depends on the growth of the e-commerce industry in India and its ability to effectively respond to changing user behaviour on digital platforms. In the event the growth of its businesses is not in tandem with the growth of the e-commerce industry, the company's results of operations, financial condition, cash flows and prospects could be adversely affected.

Potential loss of control over Unicommerce could adversely affect its business, financial condition, and results of operations.

The company's technology infrastructure and the technology infrastructure of its third-party providers (including the company's cloud infrastructure service providers) are susceptible to security breaches and cyber-attacks. This could potentially result in damage to its operations, employees, users, third-party providers, the company's reputation and adversely affect its financial condition, results of operations and cash flows.

The company's use of "open source" software could adversely affect its ability to offer the company's products and services and subject the company to possible litigation.

The company's business depends on its ability to maintain and scale the company technology. Any interruptions or delays in service on its websites or mobile application or any undetected errors or design faults could result in limited capacity, reduced demand, processing delays, and loss of users, suppliers or sellers.