IPO · Mobility & Logistics

Ecom Express files for a ₹2600 crore IPO

By Startup Enthusiast · 12 September 2026

What they do

Ecom Express provides end-to-end logistics and courier services for the e-commerce sector across India

The company filed for an IPO comprising a fresh issue of ₹1284.50 crore and an offer for sale of ₹1315.50 crore

Proceeds will fund new processing centers, technology upgrades, debt repayment, and potential future acquisitions

Ecom Express has filed for an IPO (Initial Public Offering; the first sale of stock to the public) totaling ₹2600 crore.
The offering includes a fresh issue of shares worth up to ₹1284.50 crore to raise capital for the company.
Existing shareholders will sell shares worth up to ₹1315.50 crore through an offer for sale.
Major selling shareholders include PG Esmeralda Pte. Ltd with up to ₹931.39 crore.
Eaglebay Investment Ltd and British International Investment PLC are also participating in the share sale.
The company may consider a pre-IPO placement of up to ₹256.90 crore before the public issue.

The company plans to use the fresh capital to build new processing centers and fulfilment centres.
Funds are allocated for technology enhancement, including cloud infrastructure and data science capabilities.
A portion of the proceeds will go toward repaying borrowings and accrued interest.
The company also intends to use funds for general corporate purposes and potential inorganic acquisitions (buying other companies).

Ecom Express operates as a logistics provider focused on the Indian e-commerce market.
The company manages a network of processing centers and delivery hubs.
It invests heavily in automation and information technology to manage its supply chain.
The company is headquartered in Vikhroli West, Mumbai.
The face value of the company's equity shares is Re. 1 each.

The company will determine the final price band and bid lot size in consultation with its bankers.

PG Esmeralda Pte. Ltd (seller) — A major institutional shareholder selling shares in the IPO.
Eaglebay Investment Ltd (seller) — An institutional shareholder participating in the offer for sale.
British International Investment PLC (seller) — A development finance institution selling a portion of its stake.