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Shadowfax IPO to open on Jan 20  with a price band...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Jan 14:  Logistics services provider Shadowfax on Wednesday fixed a price band of Rs 118 to Rs 124 apiece for its upcoming initial public offering (IPO), valuing the company at over Rs 7,100 crore at the higher end. The company’s Rs 1,907-crore maiden public offering will open for subscription on January 20 and conclude on January 22. The bidding for anchor investors will take place on January 19, according to the logistics services firm’s public announcement.

Shadowfax IPO to open on Jan 20  with a price band...

Credit: Dailyexcelsior

Key Highlights

  • The IPO will comprise a fresh issue of shares worth Rs 1,000 crore and an offer for sale (OFS) of Rs 907.27 crore by existing shareholders.
  • This takes the total issue size to Rs 1,907.27 crore.
  • As part of the OFS, Flipkart Internet, Eight Roads Investments Mauritius II Ltd, NewQuest Asia Fund IV (Singapore) Pte.
  • Ltd, Nokia Growth Partners IV, L. P, International Finance Corporation, Mirae Asset, Qualcomm Asia Pacific Pte.
  • Ltd and Snapdeal founders — Kunal Bahl and Rohit Kumar Bansal — would offload shares.
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Sources

  1. Shadowfax IPO to open on Jan 20  with a price band...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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