Ecom Express plans to raise ₹2,600 Cr through its IPO, filed with SEBI.

The IPO will consist of a new issuance of ₹1,284.5 Cr and an offer for sale of ₹1,315.5 Cr.

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Ecom Express plans to invest ₹387.44 Cr in new processing centers with automation.

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₹73.71 Cr will go toward upgrading IT equipment and ₹239.23 Cr toward strengthening cloud infrastructure.

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The IPO funds will also help repay ₹87.19 Cr in loans.

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Promoters and investors, including Warburg Pincus, will be selling their shares in the IPO.

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Ecom Express reduced its losses by 67% in FY24, from ₹428.13 Cr to ₹255.87 Cr.

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Operational revenue grew by 2%, reaching ₹2,609.16 Cr in FY24.

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Ecom Express joins ArisInfra and Smartworks in filing for IPOs this year.

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