What are the risks in Shadowfax's ₹2,000-crore IPO?
The risks that Shadowfax mentioned in its ₹2,000-crore IPO's DRHP include its expectation of future losses and negative cash flows. It noted that over 50% of its revenue is tied to its largest client, meaning its loss could impact its business. It noted that a disruption in delivery partners' availability or mishandling of goods by them could also pose risks.