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Shadowfax To File Confidential Draft IPO Papers In A Month: Report

  • 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.

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