Ecom Express Limited India's only pure-play e-commerce logistics solutions provider by FY 2024. (Source: RedSeer Report). Ecom Express' nationwide reach covers over 27,000 pincodes and has the widest coverage among its peers as on March 31, 2024.
(Source: RedSeer Report) as well as 317 networks (sorting hubs, processing centers, return centers and fulfillment centers) and 3,421 delivery centers and pincodes covered by Ecom Express as of March 31, 2024 collectively cover about 97 percent of India's population. (Source: RedSeer Report).
Ecom Express Limited (“EEL” or the “Company”) has paid Rs. 26,000 million (“Rs. 2,600 crore”) (“Total Issue Size”) to raise funds through initial public offering of a total issue size of equity shares (original price of Rs. 1 per share) up to Rs. has filed its Draft Red Herring Prospectus (“DRHP”) with “SEBI”).
In this offer Rs. 12,845 million (Rs. 1284.50 Crore) (“Fresh Issue”) of equity shares up to Rs. 13,155.00 million (Rs. 1,315.50 Crore) (“Offer for Sale”) involving an Offer for Sale.
Utilization of funds received by the Company – (1) Rs. 3874.41 million (Rs. 387.44 crore) to incur capital expenditure for setting up new processing centers and new fulfillment centers with automation, (2) approximately Rs. 737.12 million (Rs. 73.71 crore) to enhance technological and data science capabilities including cloud infrastructure, (3) approximately Rs. 2,392.30 (Rs. 239.23 crore) to enhance technological and data science capabilities including cloud infrastructure, (4) by the company approximately Rs. 879.19 million (Rs. 87.91 crores) including payment of interest for full or partial repayment of debt incurred by the company and for general corporate purposes. (the “Objective of the Issue”).
The Equity Shares offered through Red Herring Prospectus are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India (“NSE”). (“Listing Details”).
Axis Capital Limited, IIFL Securities Limited, Kotak Mahindra Capital Company Limited and UBS Securities India Private Limited are the Book Running Lead Managers (“BRLM”) of the Issue.
