Shadowfax IPO set to deliver multifold gains for Kunal Bahl, Flipkart, Eight Roads, and others

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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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Shadowfax IPO set to deliver multifold gains for Kunal Bahl, Flipkart, Eight Roads, and others


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…



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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