Back

Applyly

Hey I am on Medialย โ€ขย 7m

Ecom Express and Smartworks receive SEBI nod for IPO Two companies in India have recently received approval to launch their IPOs. These companies are Ecom Express and Smartworks. Both companies received approval from the Securities and Exchange Board of India (SEBI). THE JOURNEYS Ecom Express is a trusted logistics solutions provider. It provides Shipping, fulfillment and digital services like document verification. The company has been in the field since 2012. Smartworks is a flexible office space service provider. These office spaces reflect how Indian startup ecosystem is working. Now, these companies have received a nod from SEBI for IPO. Ecom Express is planning an IPO worth INR 2,600 crore. Now, this will be the second try of Ecom express to go public. Earlier, Ecom Express paused an IPO plan worth INR 4,860 crore in 2022. The IPO will include an issue of equity shares worth INR 1,284.5 crore. There will also be an offer for sale (OFS) worth INR 1,315.5 crore. As part of the OFS, Partners Group will sell shares worth up to INR 931 crore. Warburg Pincus will sell shares worth INR 211 crore. Ecom Express is not the only logistics company going public. Two other companies like Delhivery and Blackbuck are already listed on stock exchange.One more ecom startup, Shadowfax is also preparing for an IPO. In the last fiscal year, Ecom Express reported a net loss of INR 255.8 crore. Smartworks is planning to raise INR 550 crore with its IPO. The IPO will include a fresh issue of shares worth this amount. There will also be an OFS of up to 67.49 lakh equity shares by Smartworks promoters. This will make Smartworks the second coworking firm to be listed on the Indian stock exchanges. Awfis was the first. Other coworking firms, such as WeWork India, are preparing to launch IPOs as well. These include Simpliwork, Table Space firm, DevX, and Indiqube. Smartworks has 41 centers in 13 cities across India. They have a portfolio of 8 million square feet. Ecom Express and Smartworks have received SEBI nod for IPO. There are also other providers in the same genre. Let us see what exciting thing happens. Thanks

Reply
4

More like this

Recommendations from Medial

Image Description
Image Description

Abdul Malik

Figuring out.ย โ€ขย 7m

Zomato and Swiggy are the "Karan and Arjun of the entrepreneurial world." The IPO was oversubscribed by 3.59 times. The โ‚น11,300-crore IPO comprised fresh capital raise of โ‚น4,499 crore and an offer for sale (OFS) of 17.51 shares worth โ‚น6,828 crore. S

See More
4 Replies
12

gray man

I'm just a normal gu...ย โ€ขย 2m

Ather Energyโ€™s IPO, valued at INR 2,981 crore, was fully subscribed today, driven by a late surge in demand from qualified institutional buyers (QIBs), who subscribed 1.28 times their allotted portion. By 1:24 PM, the IPO had received bids for 5.66

See More
Reply
17

Mahendra Lochhab

Content creatorย โ€ขย 3m

Delhivery to acquire Ecom Express for Rs 1,407 crore

Reply
5
Image Description

gray man

I'm just a normal gu...ย โ€ขย 2m

Ahead of filing its draft red herring prospectus (DRHP), consumer services unicorn Urban Companyโ€™s founders cumulatively sold shares worth nearly INR 779.08 Cr through secondary transactions. According to the DRHP filed with SEBI on April 28 for a p

See More
1 Reply
11

financialnews

Founder And CEO Of F...ย โ€ขย 8m

Swiggy IPO: Food delivery giant sets price band between โ‚น371 - โ‚น390, says report Swiggy, one of Indiaโ€™s top-valued new-age consumer brands, is set to enter the Indian capital market with an โ‚น11,300 crore IPO. The offering includes a fresh issue of s

See More
Reply
6

gray man

I'm just a normal gu...ย โ€ขย 2m

EV manufacturer Ather Energy is reportedly considering reducing the size of its planned IPO by at least $50 million (approximately INR 430 crore) from its earlier target of $400 million (around INR 3,460 crore), due to continued volatility in both In

See More
Reply
10

gray man

I'm just a normal gu...ย โ€ขย 1m

After a muted IPO and listing, EV major Ather Energy ended its first trading session 7.22% below its listing price at INR 302.50 on the BSE. Compared to its IPO price of INR 321, the companyโ€™s shares crashed 5.76%. Earlier today, the shares of the E

See More
Reply
14

Inactive

AprameyaAIย โ€ขย 10m

Funding Winter ? Indian startups raised a total of $395.63 million across 20 deals from August 12 to 17, marking a 250% increase from the previous week. Key highlights include: OYO secured $175 million in a down round, reducing its valuation to

See More
Reply
2

Applyly

Hey I am on Medialย โ€ขย 7m

BlackBuck to Launch IPO on Dalal Street this November 13 INTRODUCTION Flipkart-backed logistics platform BlackBuck to Launch IPO on Dalal Street this November 13. The company, known for its digital trucking services, aims to raise โ‚น1,114.72 crore t

See More
Reply
3
14

Download the medial app to read full posts, comements and news.