Indian logistics firm Ecom Express files for $310 mln IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 15 2024
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Source: Reuters
Ecom Express IPO Filing: Logistics firm Ecom Express has filed for an initial public offering (IPO) worth up to 26 billion rupees ($310 million), which includes a fresh issue of shares and existing investors offloading their stakes.
Financial Performance and Use of Funds: The company reported a reduced net loss of 2.54 billion rupees for the year ending March 31, 2024, and plans to use the funds from the IPO for new processing centers, IT investments, and debt repayment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
