Logistics
Indian logistics firm Ecom Express applies for $310 mln IPO
Logistics company Ecom Express on Thursday filed for an initial public offering (IPO). worth up to 26 billion rupees ($ 310 million), its draft papers. showed. The IPO will include a fresh problem of shares worth approximately. 12.85 billion rupees while existing financiers will offload. shares aggregating to 13.16 billion rupees. The e-commerce logistics firm, which counts Amazon and. charm products retailer Nykaa among its customers, seeks to go. public at a time when India's IPO area has seen more than 150. companies raise around $5 billion this year as of July-end. The business, which takes on the likes of...