Shadowfax Gets Board Nod To Raise INR 2,000 Cr Via IPO

Shadowfax’s board gave its nod for the initial public offering on June 24

The IPO will comprise a fresh issue of equity shares worth INR 1,000 Cr and an offer for sale worth INR 1,000 Cr

Earlier this month, the startup filed its DRHP with the SEBI for an IPO through the confidential pre-filing route

Logistics major Shadowfax’s board has approved raising up to INR 2,000 Cr ($231.8 Mn) via a fresh issue in its initial public offering (IPO).

According to the startup’s MCA filing, the board gave its nod for the IPO…