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BENGALURU: Logistics firm Shadowfax Technologies has raised Rs 856 crore from anchor investors, a day before its IPO opens for public subscription, according to a stock exchange filing. The company allotted 6.9 crore equity shares to 39 anchor investors at Rs 124 each, the upper end of the IPO price band.Domestic mutual funds accounted for…
BENGALURU: Third-party logistics company Shadowfax is planning to launch its IPO as soon as next week, with a post-money valuation of around Rs 7,400 crore—down from the Rs 8,500–9,000 crore it previously considered, sources said. The Bengaluru-based firm also slightly reduced the size of its public issue to Rs 1,900 crore. Source link
