Ecom Express Ltd

Initial public offering of up to [] equity shares of face value of Re. 1 each (Equity Shares) of Ecom Express Limited (The Company or the Issuer) for cash at a price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) (Offer Price) aggregating up to Rs. 2600.00 crores comprising a fresh issue of up to [] equity shares aggregating up to Rs. 1284.50 crores by the company (Fresh Issue) and an offer for sale of up to [] equity shares aggregating up to Rs. 1315.50 crores (Offered Shares) by the selling shareholders, consisting of up to [] equity shares aggregating up to Rs. 0.34 crores by Kotla Satyanarayana, up to [] equity shares aggregating up to Rs. 8.98 crores by Manju Dhawan, up to [] equity shares aggregating up to Rs. 7.62 crores by Kotla Sridevi, up to [] equity shares aggregating up to Rs. 1.02 crores by Kotla Rathnanjali, up to [] equity shares aggregating up to Rs. 211.49 crores by Eaglebay Investment Ltd., up to [] equity shares aggregating up to Rs. 931.39 crores by PG Esmeralda Pte. Ltd., (collectively, the Promoter Selling Shareholders), up to [] equity shares aggregating up to Rs. 136.97 crores by British International Investment PLC (Investor Selling Shareholder), up to [] equity shares aggregating up to Rs. 8.98 crores by Jayanti Krishnan, up to [] equity shares aggregating up to Rs. 7.69 crores by Rabeya Saxena and up to [] equity shares aggregating up to Rs. 1.02 crores by Saheba Saxena (collectively, the Other Selling Shareholders, together with the investor selling shareholder and the promoter selling shareholders, the Selling Shareholders) (Offer for Sale, and together with the fresh issue, the Offer). The company, in consultation with the brlms, may consider an issue of equity shares aggregating up to Rs. 256.90 crores, as may be permitted under applicable law, with the roc (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus. The face value of equity shares is Re. 1 each. The offer price is [] times the face value of the equity shares. The price band shall be decided by the company in consultation with the book running lead managers and the minimum bid lot shall be decided by the company.