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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