Shadowfax Applied sciences recordsdata confidential DRHP for Rs 2,500 crore IPO with Sebi

Shadowfax Applied sciences has filed a confidential draft crimson herring prospectus with the Securities and Change Board of India (Sebi) for an preliminary public providing. As per sources, the IPO measurement is anticipated to be within the vary of Rs 2,000 – Rs 2,500 crore, comprising a mixture of recent difficulty and provide on the market (OFS) by present shareholders. The corporate is anticipated to be valued at round Rs 8,500 crore.

The corporate plans to utilise the proceeds from the recent difficulty in direction of enhancing capability, driving progress, and additional investments within the firm’s community enterprise, based on sources.

In a public announcement on Tuesday, Shadowfax Applied sciences mentioned it has “pre-filed draft crimson herring prospectus with Sebi and the inventory exchanges…in relation to the proposed preliminary public providing of its fairness shares on the main-board of the inventory exchanges”.

In its final fundraise in February 2025, the corporate raised main and secondary capital at an approximate valuation of Rs. 6,000 crore.

Additionally Learn | Confused about funding in shares, gold & silver? Simplify it with multi-asset mutual funds!

The e-commerce phase is the main income contributor, accounting for round 75% of the enterprise. The remaining comes from fast commerce and hyperlocal deliveries.Shadowfax is backed by marquee buyers similar to Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Progress Funds.Shadowfax stands as India’s main logistics service supplier for e-commerce, categorical parcel and value-added companies. With a sturdy distribution community protecting over 2,200+ cities and greater than 14,300 PIN codes, Shadowfax has established itself as a market chief within the logistics business.

In its final fundraise in February, the corporate garnered main and secondary capital at an approximate valuation of Rs 6,000 crore.

Additionally Learn | Curefoods India recordsdata DRHP with Sebi for Rs 800 crore IPO. Examine Particulars

The corporate has chosen the confidential pre-filing route for its IPO, enabling it to delay public disclosure of provide particulars till a later stage. This technique is more and more being utilized by Indian firms looking for higher flexibility of their itemizing course of.

In line with market specialists, the confidential pre-filing route gives firms with higher flexibility and eases the urgency to listing. In contrast to the normal course of—which requires an IPO launch inside 12 months of SEBI approval—the pre-filing pathway permits as much as 18 months from the receipt of ultimate feedback. It additionally permits firms to revise the first difficulty measurement by as a lot as 50% till the up to date DRHP is filed.

(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)