Ecom Express Ltd, a leading B2C e-commerce logistics provider, has submitted its Draft Red Herring Prospectus (DRHP) to SEBI for an IPO to raise ₹2,600 crore.
The offer includes a fresh issue of ₹1,284.50 crore in equity shares and a ₹1,315.50 crore offer for sale by existing shareholders. The funds will be used to set up automated processing centers, new fulfilment centers, and to enhance technology and data science capabilities, with ₹387.44 crore allocated for infrastructure and ₹73.71 crore for cloud enhancements.