Ecom Express Ltd. IPO Details
Ecom Express Ltd. was incorporated on August 27, 2012. The company is a e-commerce logistics solutions provider. It operates a pan-India express logistics network that includes first-mile pick-up, mid-mile transportation, last-mile delivery, reverse logistics (returns), and fulfillment services (warehousing).
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹26,000.0 M | DRHP DOC |
Ecom Express Ltd. issue details
Ecom Express Ltd. IPO issue size is ₹ 26,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Ecom Express Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Ecom Express Ltd. NUMBER OF SHARES ON OFFER
Ecom Express Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY24 | -2,558.8 | 26,091.6 | 3,133.2 | 3,192.0 |
| FY23 | -4,281.4 | 25,539.3 | -495.9 | -3,988.9 |
| FY22 | -913.9 | 20,918.9 | -635.1 | -3,351.2 |
Ecom Express Ltd. INFORMATION ON IPO ISSUE
About Ecom Express Ltd.
Ecom Express Ltd. was incorporated on August 27, 2012. The company is a e-commerce logistics solutions provider. It operates a pan-India express logistics network that includes first-mile pick-up, mid-mile transportation, last-mile delivery, reverse logistics (returns), and fulfillment services (warehousing).
Object of the Issue
- Capital expenditure towards set-up of new processing centres with automation and new fulfilment centres
- Investment in computers and information technology equipment
- Investing in enhancement of technological and data science capabilities including cloud infrastructure
- Repayment/ prepayment, in full or in part, of certain borrowings availed of by our Company including payment of the interest accrued thereon
- General corporate purposes and unidentified inorganic acquisitions
Ecom Express Ltd. - PROMOTERS
| Name |
|---|
| Kotla Satyanarayana |
| Manju Dhawan |
| Kotla Sridevi |
| Kotla Rathnanjali |
| Eaglebay Investment Ltd |
| PG Esmeralda Pte. Ltd. |
Ecom Express Ltd. Strengths
Well Positioned
As of FY24, the company is India’s only B2C e-commerce logistics solutions provider, focusing on B2C e-commerce shipments. Its pan-India network covers over 27,000 PIN codes, offering the widest coverage among its peers.
Capital Efficient Business Model
The company operates an asset-light model that is scalable and adaptable to varying customer requirements. Delivery center leases are for less than 12 months, enabling the company to frequently reorganize its last-mile delivery network.
Ecom Express Ltd. Risks
Competitive Industry
The company operates in a highly competitive industry. Increased competition from third-party logistics or transport providers could compel the company to lower service charges, potentially reducing profit margins or market share. Key competitors include Delhivery, Blue Dart, Xpressbee, and Shadowfax.
Dependent on third-party
The company relies on third parties, including contract employees, gig workers, transportation service providers, technology vendors, and equipment suppliers, for various aspects of its business operations.
Shipment and Transportation Risk
The company handles a large volume of shipments through its network and may face challenges related to the timely delivery, protection, and inspection of these shipments, particularly as transportation is outsourced to third-party providers.
IPO FAQs
The promoters of the company are Kotla Satyanarayana, Manju Dhawan, Kotla Sridevi, Kotla Rathnanjali, Eaglebay Investment Ltd and PG Esmeralda Pte. Ltd..
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.