Logistics firm Ecom Express has gained board approval for an IPO worth Rs 2,600 crore, comprising a Rs 1,284 crore fresh issue and a Rs 1,316 crore offer for sale. Major investors like Warburg Pincus are expected to participate. The company previously delayed an IPO in 2022.
Gurugram-based agri-drone company AITMC Ventures filed a draft red herring prospectus with SEBI for an IPO. The offering includes 2.07 Cr equity shares with no OFS. Proceed will fund subsidiaries, new initiatives, and working capital. Founded in 2016, AITMC specializes in drone training and aims to open 100 drone Coes.
E-commerce SaaS platform Unicommerce will launch its IPO on August 6, following approval from SEBI. The company aims to raise funds through an offer for sale (OFS) of up to 2,98,40,486 equity shares, with major shareholders AceVector Limited and SB Investment Holdings participating. Founders Kunal Bahl and Rohit Bansal are not selling shares.
BrainBees Solutions Ltd, FirstCry’s parent company, will launch its IPO from August 6 to 8, seeking a $2.9-3 billion valuation. The IPO includes a fresh issue of shares worth Rs 1,666 crore and an offer for sale of 54.39 million shares. Major shareholders SoftBank, Mahindra & Mahindra, and Premji Invest will sell stakes. FirstCry’s FY24 revenue rose to Rs 6,481 crore with losses reduced by 34%.
