Archive · 24 Jul 2025
Shadowfax Board Approves INR 2,000 Cr IPO Plan
Shadowfax, a company that delivers packages, is planning to sell shares to the public.
This is called an IPO.
They plan to raise INR 2,000 crore, which is a large amount of money.
The money will come from selling new shares and from existing investors selling their shares.
The company filed paperwork earlier this month and the board approved the plan on June 24th.
Advisors will help Shadowfax with the process.
Shadowfax's board approved an IPO to raise INR 2,000 Cr.
The IPO will consist of a fresh issue of INR 1,000 Cr and an offer for sale of INR 1,000 Cr.
The board gave its nod for the IPO on June 24.
Shadowfax filed its draft red herring prospectus with SEBI earlier this month.
ICICI Securities, JM Financial, and Morgan Stanley are advisors for the public issue.
- Who
- Shadowfax's board, ICICI Securities, JM Financial, Morgan Stanley.
- What
- Shadowfax's board approved an IPO to raise INR 2,000 Cr.
- When
- The board approved the IPO on June 24.
- Where
- N/A
- Why
- To raise capital through a fresh issue and an offer for sale.
- Company
- Shadowfax
- Amount to be raised
- INR 2,000 Cr
- IPO Components
- Fresh issue and offer for sale
- Board approval date
- June 24
- Advisors
- ICICI Securities, JM Financial, Morgan Stanley
- Founded
- 2015
- Founders
- Abhishek Bansal and Vaibhav Khandelwal