Ecom Categorical Ltd, a B2C e-commerce logistics options supplier has filed its Draft Pink Herring Prospectus (DRHP) with market regulator Securities and Change Board of India (SEBI) to lift funds by way of preliminary public providing (IPO) to lift as much as ₹2,600 crore.
The provide includes of recent problem of fairness shares aggregating as much as ₹1,284.50 crore and provide on the market by Promoting Shareholders aggregating as much as₹ 1,315.50 crore.
The corporate proposes to utilise the Web Proceeds in direction of funding capital expenditure to set-up of recent processing facilities with automation and new fulfilment centres estimated quantity to be ₹ 387.44 crore, investing in enhancement of technological and information science capabilities together with cloud infrastructure estimated quantity to be ₹73.71 crore amongst others.
