Logistics startup Shadowfax converts to public entity in run-up to IPO

Flipkart-backed logistics startup Shadowfax has converted itself to a public entity, according to regulatory filings with the corporate affairs ministry.

It is a key step ahead of Shadowfax’s plan to file draft papers for its initial public offering (IPO), which could happen in the next three-four months according to people familiar with the matter. The company has appointed ICICI Securities, JM Financial and Morgan Stanley as the bankers for its public offering.

“The company is proposing to undertake an initial public offer… comprising of fresh…