Shadowfax to file IPO papers under confidential route

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Hyperlocal logistics startup Shadowfax is set to file a draft prospectus for its upcoming IPO under markets regulator Sebi’s confidential route within a month, multiple people aware of the development told ET.

The initial public offering (IPO) is expected to be in the range of Rs 2,000-2,500 crore, with about half coming from fresh issue of shares, one of the persons said.

The company could be valued at around Rs 5,500-6,000 crore depending on the market conditions at the time of the listing, another person said.

In a February financing round, when it…



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Shadowfax to file IPO papers under confidential route


Hyperlocal logistics startup Shadowfax is set to file a draft prospectus for its upcoming IPO under markets regulator Sebi’s confidential route within a month, multiple people aware of the development told ET.

The initial public offering (IPO) is expected to be in the range of Rs 2,000-2,500 crore, with about half coming from fresh issue of shares, one of the persons said.

The company could be valued at around Rs 5,500-6,000 crore depending on the market conditions at the time of the listing, another person said.

In a February financing round, when it…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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