Shadowfax Technologies is set to raise Rs 19.07 billion through an initial public offering (IPO). The issue comprises a Rs 10 billion fresh issue and an offer for sale (OFS) of Rs 9.07 billion. The price band for the issue is set between Rs 118 and Rs 124 per equity share. The proceeds will be utilised to expand network infrastructure, fund lease payments for sortation centres, and support marketing initiatives. In addition, the funds will be used for unidentified inorganic acquisitions and general corporate purposes.
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