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Ecom Express Files for IPO, Aims to Raise Rs 2,600 Crore

Logistics firm Ecom Express has filed its draft red herring prospectus with SEBI for an IPO, seeking to raise Rs 2,600 crore. The offering includes a fresh issue of Rs 1,284.5 crore and an OFS of Rs 1,315.5 crore. The company plans to utilize the funds to expand its operations.

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Ecom Express Nears IPO Filing, Receives Board Approval for Rs 2,600 Crore Offering

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.

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