Ecom Express, the logistics big gun keen on the growing Indian e-commerce market, is all set to go back to the IPO route again. Relaxo has recently submitted its DRHP with SEBI making it the second time that the company has attempted to go public. Last year in 2022, Ecom Express had attempted a similar capital raise and it plans to mobilise a huge Rs 2,600 crore through fresh issue and offer for sale. Thus with its current stronghold in Tier 2 city and the means laid on controlling the cost the management is sure of the market interest from investors.
However, getting to that point of IPO is not an easy feat to achieve. However, Ecom Express has been able to record an incremental year-on-year revenue and decrease loss tremendously but it has stiff competition from Delhivery and others. Mainly, the focus should be made on the company’s ability to stand out and show that it is possible to sustain growth in the long term in order to draw investors’ interest. Thus the world waits for Ecom Express at the IPO stage and observes it to try and get its public listing objectives right.
