Tech
Shadowfax gets Sebi nod for Rs 2,500 crore IPO
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Hyperlocal logistics provider Shadowfax has received approval of markets regulator Securities and Exchange Board of India (Sebi) for its initial public offering.
Documents on the regulator’s website showed that the company received observations on the pre-filing for its IPO during the week ended October 10. In Sebi’s parlance, issuing observations amounts to approval for an issue.
Shadowfax, backed by ecommerce major Flipkart, confidentially filed the draft red herring prospectus (DRHP) for its IPO, to gauge investor interest and finetune its IPO…
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