Logistics Firm Shadowfax to Launch Rs 1,900 Crore IPO Next Week at Rs 7,400 Crore Valuation
13 hours agoBusiness
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7 SourcesNew Delhi, India
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Logistics Firm Shadowfax to Launch Rs 1,900 Crore IPO Next Week at Rs 7,400 Crore Valuation

Logistics firm Shadowfax plans to launch its Rs 1,900-crore Initial Public Offering (IPO) next week, targeting a valuation of Rs 7,400 crore. This valuation is lower than earlier estimates of Rs 8,500 crore. The IPO comprises a Rs 1,000-crore fresh issue for network expansion and branding, and a Rs 900-crore offer for sale by existing shareholders, including Flipkart. Proceeds will fund infrastructure, marketing, and potential acquisitions.

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