India, Nov. 1 -- Logistics major Shadowfax has filed its updated draft red herring prospectus (UDRHP) with SEBI for its IPO of up to INR 2,000 Cr ($225.3 Mn).

The company's public offering will comprise a fresh issue of equity shares worth up to INR 1,000 Cr and an offer-for-sale (OFS) component of up to INR 1,000 Cr.

Among the selling shareholders, Flipkart will offload shares worth up to INR 237 Cr. Eight Roads Ventures will sell shares worth up to INR 197 Cr, while TPG Inc will offload shares worth up to INR 150 Cr via NewQuest Asia Fund IV. Nokia Growth Partners will offload shares worth up to INR 100.8 Cr, alongside a few others.

The company intends to utilise INR 423.4 Cr from the fresh proceeds for capital expenditure requiremen...