Shadowfax Technologies files confidential DRHP with Sebi to raise up to ₹2,500 crore via IPO

Upcoming IPO: Indian logistics and delivery service provider Shadowfax Technologies has filed a confidential draft red herring prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (Sebi), to raise funds from the public markets through an initial public offering (IPO).

According to people aware of the development, the company is seeking to raise between ₹2,000 and ₹2,500 crore, while the company is expected to be valued at nearly ₹8,500 crore.