Shadowfax IPO To Open Next Week, Targets INR 7,400 Cr Valuation

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SUMMARY

Shadowfax is reportedly set to open its initial public offering (IPO) next week. The company would be aiming for an IPO valuation of around INR 7,400 Cr (about $890 Mn), lower than earlier estimates of about INR 8,500 Cr (about $1 Bn)

The company’s IPO size would be pegged at INR 1,900 Cr. This includes a fresh issue of shares worth INR 1,000 Cr and an offer for sale (OFS) of INR 900 Cr by existing shareholders

The company had filed its draft IPO papers with SEBI in June last year via the confidential pre-filing route and…



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Shadowfax IPO To Open Next Week, Targets INR 7,400 Cr Valuation


SUMMARY

Shadowfax is reportedly set to open its initial public offering (IPO) next week. The company would be aiming for an IPO valuation of around INR 7,400 Cr (about $890 Mn), lower than earlier estimates of about INR 8,500 Cr (about $1 Bn)

The company’s IPO size would be pegged at INR 1,900 Cr. This includes a fresh issue of shares worth INR 1,000 Cr and an offer for sale (OFS) of INR 900 Cr by existing shareholders

The company had filed its draft IPO papers with SEBI in June last year via the confidential pre-filing route and…



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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