Shadowfax May File IPO Papers to Raise ₹2,500 Crore Next Week

TPG-backed logistics service provider Shadowfax is likely to file draft papers with capital markets regulator Sebi through a confidential route for its IPO to raise up to ₹2,500 crore early next week, according to sources.

- Press Trust of India

NEW DELHI:

The confidential pre-filing route allows a company to withhold public disclosure of details under the draft red herring prospectus (DRHP) until later stages.

Sources said that the Initial Public Offering (IPO) of Shadowfax is expected to be in the range of ₹2,000-2,500 crore.