Logistics and delivery platform Shadowfax is gearing up for its Rs 1,907 crore initial public offering as the company has set the upper end of its IPO price band at Rs 124 per share. The fixed price band has cleared the way for significant returns for several early investors.
According to the price band and offer details, a number of strategic and financial backers are set to gain multi-fold returns on their initial investments as they pare their holdings in the logistics startup.
Flipkart, one of Shadowfax’s early and strategic investors, is…

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