Company plans to use revenues from fresh issue toward enhancing capacity, driving development, and additional business investment in the company, according to sources.
On a public announcement on Tuesday, shadefax technologies say “Pre-file draft red to be raised in Sebi and Stock Exchanges … related to the proposed public offering Shortness features of the main-board stock exchanges “.
At the last collecting it on February 2025, the company enlarges Primary and Second capital to an estimated valuation of Rs. 6,000 crore.
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The e-commerce part is most We are in line Manages, Story for about 75% of the business. The rest of the Quick commerce And the hyperlocal delivery with a strong distribution network consisting of 2,200+ cities and over 14,300 pin codes, shadowfax builds itself as a leader in the logistics industry in Logistics Industry.
In its last collection in February, the company holds the main and second capital of an estimated valuation of Rs 6,000 crore.
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The company chooses the confidential pre-file route for its IPO, which extends this delay in public revealing the details of the offer to a later period. This procedure is more used by Indian companies seeking more easily in the listing process.
According to market experts, the confidential pre-file route generates companies with more flexibility and easy to hurry to list. Unlike the traditional process – which requires a IPO launch within 12 months of SEBI approval – the pre-file lane allows 18 months from receiving the final comments. It also allows companies to change the size of the Primary issue of 50% until filed DRHP.
(Disclaim: Recommendations, suggestions, views and opinions given to experts themselves. It does not represent economic views
