E-commerce logistics firm Ecom Express files for Rs 2,600 cr worth IPO

Logistics firm Ecom Express on Thursday filed for an initial public offering (IPO) worth up to Rs 2600 crore ($310 million), its draft papers showed.

The IPO will consist of a fresh issue of shares worth up to Rs 1,285 crore while existing investors will offload shares aggregating to Rs 1,316 crore.

The e-commerce logistics firm, which counts Amazon and beauty products retailer Nykaa among its clients, looks to go public at a time when India’s IPO space has seen more than 150 companies raise around $5 billion this year as of July-end.