Shadowfax Technologies Files Confidential Drhp With Sebi, May Raise Rs 2,000-2,500 Crore

Shadowfax Technologies, a salient logistics work provider, has revenge for an first nationalist offering (IPO) done a confidential pre-filing route, aiming to raise betwixt Rs 2,000 and Rs 2,500 crore. The move was confirmed by manufacture sources acquainted pinch nan development. The IPO includes a operation of caller issues and an offer-for-sale by existing shareholders, perchance valuing nan institution astatine astir Rs 8,500 crore.

The institution has "pre-filed draught reddish herring prospectus pinch Sebi and nan banal exchanges...in narration to nan projected first nationalist offering of its equity shares connected nan main-board of nan banal exchanges," according to a nationalist announcement by Shadowfax Technologies. This confidential pre-filing allows nan institution greater elasticity successful readying its IPO, a strategy that is becoming progressively celebrated among Indian firms.

Proceeds from nan caller rumor are intended to beryllium utilized to heighten capacity, thrust growth, and further put successful nan company's web business. This strategical guidance aligns pinch Shadowfax's halfway operational attraction and maturation strategy, arsenic articulated by manufacture sources.

Shadowfax Technologies is backed by notable investors, including Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures, and Nokia Growth Funds. The e-commerce conception makes up astir 75 per cent of nan company's revenue, pinch nan remainder coming from speedy commerce and hyperlocal deliveries.

In its past fundraising information successful February, Shadowfax garnered superior and secondary superior astatine a valuation of astir Rs 6,000 crore. The company's distribution web spans complete 2,200 cities and much than 14,300 PIN codes, making it a starring subordinate successful India's logistics sector.

The confidential pre-filing way is gaining fame among Indian firms for its flexibility, extending nan IPO motorboat model to 18 months post-receipt of SEBI's last comments. This way besides offers nan expertise to set nan superior rumor size by up to 50 per cent until nan updated DRHP stage, providing companies pinch important leeway successful their planning.

The institution intends to leverage nan IPO proceeds to support its description efforts and bolster its position successful nan competitory logistics market. As nan logistics assemblage continues to grow, Shadowfax is poised to capitalise connected nan burgeoning e-commerce and transportation landscape, further solidifying its marketplace presence.

Published on: Jul 1, 2025 3:02 PM IST