Shadowfax Prepares for 2025 IPO with JM Financial, Morgan Stanley, ICICI Securities

CosmicTaco · 2024-11-27T13:34:35.162096+05:30

* Logistics startup Shadowfax has selected JM Financial, Morgan Stanley, and ICICI Securities as lead bankers for its 2025 IPO. * The IPO size is expected to be around Rs 2,500 crore, depending on the response. * This follows a Rs 400 crore funding round, and the company hopes for a slight premium over its current Rs 6,000 crore valuation. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/flipkart-backed-shadowfax-picks-jm-financial-morgan-stanley-icici-securities-for-2025-ipo-12877262.html)

Logistics startup Shadowfax has selected JM Financial, Morgan Stanley, and ICICI Securities as lead bankers for its 2025 IPO.
The IPO size is expected to be around Rs 2,500 crore, depending on the response.
This follows a Rs 400 crore funding round, and the company hopes for a slight premium over its current Rs 6,000 crore valuation.

Source: Moneycontrol