December 8, 2024
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Ecom Express IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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What is the latest news relating to Ecom Express IPO?
The IPO has received SEBI nod and now dates and price band are expected soon
Ecom Express IPO Subscription Status
Ecom Express IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: ? / (147.94x) Amount wise Bids recd. Rs. ? Crore |
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Ecom Express IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who are the promoter of Ecom Express IPO?
KOTLA SATYANARAYANA, MANJU DHAWAN, KOTLA SRIDEVI, KOTLA RATHNANJALI, EAGLEBAY INVESTMENT LTD. AND PG ESMERALDA PTE. LTD are the promoters of the company.
What are the Objects of Ecom Express IPO?
The Offer comprises fresh issue of shares and of an Offer for Sale by the Selling Shareholders.
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects
1.Capital expenditure towards set-up of new processing centres with automation and new fulfilment centres;
2.Investment in computers and information technology (“IT”) equipment;
3.Investing in enhancement of technological and data science capabilities including cloud infrastructure
4. Repayment/ prepayment, in full or in part, of certain borrowings availed of by our Company including payment of the interest accrued thereon; and
5. General corporate purposes and unidentified inorganic acquisitions.
A Note on the business of Ecom Express?
Ecom Expritess is India’s only pure-play B2C e-commerce logistics solutions provider as of the Financial Year 2024. operate a pan-India express logistics network covering first-mile pick-up, mid-mile transportation and last-mile delivery as well as reverse logistics (i.e., returns) and fulfilment services (i.e., warehousing).
By providing essential logistics infrastructure and leveraging technology capabilities, it connects digital retailers and e-commerce platforms to their end consumers across the country. As of March 31, 2024, it had the widest coverage pan-India and in Tier 2+ regions compared to its peers and cover over 27,000 PIN.
The B2C e-commerce market in India has strong long term growth prospects and is expected to grow at a CAGR of 21% over the next five years from ₹5,100 billion in gross merchandise value (“GMV”) for the Financial Year 2024 to ₹12,500 – ₹13,500 billion by the Financial Year 2029.
It has evolved its business and operations over time, taking into account changes in the e-commerce market by developing logistics solutions for each of these e-commerce categories. This has enabled it to handle over 2 billion shipments since its incorporation in 2013 and further, its annual shipments handled have grown at a CAGR of 33.46% between the Financial Year 2020 and the Financial Year 2024. It has actively focused on building capabilities to service different needs that its customers have felt in their growth journeys. For example, a significant number of its customers require their logistics providers to handle cash on delivery (“COD”) transactions with their consumers. The company been able to address this requirement, and 78.96%, 80.50% and 79.53% of its shipments for the Financial Year 2024, 2023, and 2022, respectively, were on a COD basis.
For more information, click: www.ecomexpress.in
Ecom Express IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Ecom Express IPO Details |
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| IPO opens on | 2024 |
| IPO closes on | 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 2600 Crore |
| * Fresh Issue | -? Shares/ Rs. 1284.50 Crore |
| * Offer for Sale | ? shares/ Rs.1355.50 Crore |
| Face Value per share: | Rs. 1 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Ecom Express? | Shares | Rs. in Crore |
| QIB (75 %) net | ? | ? |
| NII (15 %) | ? | ? |
| RII (10 %) | ? | ? |
| Employees | – | – |
| Total Shares | ||
| Retail portion oversubscribed by | ?Forms. | |
| How to apply in Ecom Express IPO? | Amount Rs. |
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| Min Retail Appli | ||
| Max Retail Appli | ||
| Small HNI (Min) application | ||
| Small HNI (Max) application | ||
| Big HNI Application | ||
What is the timetable of
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| IPO opens on | 2024 |
| IPO Closes on | 2024 |
| IPO Allotment on | 2024 |
| Unblocking of ASBA | 2024 |
| Credit of Shares | 2024 |
| Listing on | 2024 |
| Registered Office of the company | |
| Ground Floor, 13/16 min, 17 min, Samalka, Old Delhi-Gurugram Road, Kapashera, New Delhi 110 037, India |
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| Who are the Lead Managers of Ecom Express IPO? Axis Capital Limited IIFL Securities Limited Kotak Mahindra Capital UBS Securities India |
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| Registrar to IPO | |
| Link Intime India Pvt ltd |
Ecom Express IPO
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 2121 | -46 | -5.27 | -8.58 |
| 2022-23 | 2575 | -360 | -40.80 | -61.54 |
| 2023-24 | 2653 | -249 | -28.18 | -67.37 |
| Book Value of the Share on 31.03.2024 |
Rs. | 30.37 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Ecom Express IPO Ratio Analysis |
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| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Ecom Express IPO compares with the Peers?
Peer Comparison.
| As on the date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio | |
| Rs. In Crore | |||
| Ecom Express | 1.00 | 2653 | ? |
| Bluedart Express | 10 | 5319 | 64.45 |
| Delhivery ltd | 1 | 8514 | ? |
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Ecom Express IPO Review
Will update soon.
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