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hadowfax selects lead bankers for anticipated 2025 ipo

Logistics startup Shadowfax has appointed JM Financial, Morgan Stanley, and ICICI Securities as lead bankers for its anticipated IPO, set for the second half of 2025. The offering is expected to raise around Rs 2,500 crore (approximately $295 million), with a potential range of Rs 2,000 crore to Rs 3,000 crore depending on market response. Following a recent Rs 400 crore funding round, Shadowfax is valued at Rs 6,000 crore ($705 million) and aims for a premium valuation at its public debut.
Moneycontrol
Morgan Stanley ICICI Securities Limited JM Financial Limited IND Praharsh Chandra Vaibhav Khandelwal Gaurav Jaithliya Abhishek Bansal Show more
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06:21 27.11.2024
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