Logistics major Shadowfax is planning to file its draft initial public offering (IPO) papers via SEBI's confidential route within a month.
The company aims for a public listing of INR 2,000-2,500 Cr, with half from a fresh issue of shares, potentially valuing the company at INR 5,500-6,000 Cr.
Shadowfax raised INR 65.4 Cr in funding in March at a post-money valuation of INR 6518 Cr and appointed ICICI Securities, JM Financial, and Morgan Stanley as bankers for its IPO.
Founded in 2015, Shadowfax provides last mile delivery services and value-added services to clients such as Mamaearth, Nykaa, and Flipkart, as it gears up for its IPO.