Shadowfax Technologies has filed a confidential draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for an initial public offering. As per sources, the IPO size is expected to be in the range of Rs 2,000 – Rs 2,500 crore, comprising a mix of fresh issue and offer for sale (OFS) by existing shareholders. The company is expected to be valued at around Rs 8,500 crore.
The company plans to utilise the proceeds from the fresh issue towards enhancing capacity, driving growth, and further investments in the company’s network business, according to sources.
In a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges".
In its last fundraise in February 2025, the company raised primary and secondary capital at an approximate valuation of Rs. 6,000 crore.
Also Read | Confused about investment in stocks, gold & silver? Simplify it with multi-asset mutual funds!
The e-commerce segment is the major revenue contributor, accounting for around 75% of the business. The remaining comes from quick commerce and hyperlocal deliveries.
Shadowfax is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds.
Shadowfax stands as India’s leading logistics service provider for e-commerce, express parcel and value-added services. With a robust distribution network covering over 2,200+ cities and more than 14,300 PIN codes, Shadowfax has established itself as a market leader in the logistics industry.
In its last fundraise in February, the company garnered primary and secondary capital at an approximate valuation of Rs 6,000 crore.
Also Read | Curefoods India files DRHP with Sebi for Rs 800 crore IPO. Check Details
The company has chosen the confidential pre-filing route for its IPO, enabling it to delay public disclosure of offer details until a later stage. This method is increasingly being used by Indian companies seeking greater flexibility in their listing process.
According to market experts, the confidential pre-filing route provides companies with greater flexibility and eases the urgency to list. Unlike the traditional process—which requires an IPO launch within 12 months of SEBI approval—the pre-filing pathway allows up to 18 months from the receipt of final comments. It also permits companies to revise the primary issue size by as much as 50% until the updated DRHP is filed.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The company plans to utilise the proceeds from the fresh issue towards enhancing capacity, driving growth, and further investments in the company’s network business, according to sources.
In a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges".
In its last fundraise in February 2025, the company raised primary and secondary capital at an approximate valuation of Rs. 6,000 crore.
Also Read | Confused about investment in stocks, gold & silver? Simplify it with multi-asset mutual funds!
The e-commerce segment is the major revenue contributor, accounting for around 75% of the business. The remaining comes from quick commerce and hyperlocal deliveries.
Shadowfax is backed by marquee investors such as Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds.
Shadowfax stands as India’s leading logistics service provider for e-commerce, express parcel and value-added services. With a robust distribution network covering over 2,200+ cities and more than 14,300 PIN codes, Shadowfax has established itself as a market leader in the logistics industry.
In its last fundraise in February, the company garnered primary and secondary capital at an approximate valuation of Rs 6,000 crore.
Also Read | Curefoods India files DRHP with Sebi for Rs 800 crore IPO. Check Details
The company has chosen the confidential pre-filing route for its IPO, enabling it to delay public disclosure of offer details until a later stage. This method is increasingly being used by Indian companies seeking greater flexibility in their listing process.
According to market experts, the confidential pre-filing route provides companies with greater flexibility and eases the urgency to list. Unlike the traditional process—which requires an IPO launch within 12 months of SEBI approval—the pre-filing pathway allows up to 18 months from the receipt of final comments. It also permits companies to revise the primary issue size by as much as 50% until the updated DRHP is filed.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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