Shadowfax IPO: DRHP Filed with SEBI for ₹2,500 Crore
- Shadowfax Technologies Ltd., a major logistics service provider in India, has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for...
- The IPO is expected to be in the range of ₹2,000 crore to ₹2,500 crore, combining a fresh issue of shares and an offer for sale (OFS) by...
- In February 2025,Shadowfax raised primary and secondary capital at a valuation of approximately ₹6,000 crore.
Breaking: Shadowfax, a leading Indian logistics firm, moves to expand it’s network and capacity with a planned IPO, as revealed in its DRHP filed with SEBI. The company aims to raise between ₹2,000 crore and ₹2,500 crore through this initial public offering. The funds generated will be strategically deployed to fuel growth,with a strong focus on enhancing shadowfax’s infrastructure. With e-commerce contributing considerably to its revenue, this strategic move positions the company well for future expansion.News Directory 3 provides you with the latest updates and insights into this significant development. Shadowfax’s performance will be closely followed as it seeks to solidify its market leadership. Discover what’s next for this rapidly growing logistics giant.
Shadowfax Plans IPO to Expand Logistics Network in India
Updated July 1, 2025
Shadowfax Technologies Ltd., a major logistics service provider in India, has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).The Shadowfax IPO aims to bolster its logistics network and expand capacity.
The IPO is expected to be in the range of ₹2,000 crore to ₹2,500 crore, combining a fresh issue of shares and an offer for sale (OFS) by existing shareholders. Sources estimate the company’s valuation at around ₹8,500 crore.
In February 2025,Shadowfax raised primary and secondary capital at a valuation of approximately ₹6,000 crore. The company intends to use the fresh issue proceeds to enhance capacity,drive growth,and further invest in its network business,according to sources.
The e-commerce segment is the primary revenue driver,contributing about 75% of the company’s business. Quick commerce and hyperlocal deliveries account for the remaining revenue.
Shadowfax is backed by prominent investors, including Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures, and Nokia Growth Funds. The company boasts a distribution network spanning over 2,200 cities and more than 14,300 PIN codes.
What’s next
The IPO’s success will likely influence other Indian logistics firms considering public offerings.Shadowfax’s performance will be closely watched as it seeks to solidify its market leadership in the rapidly growing e-commerce logistics sector.