Upcoming IPO: Indian logistics and supply service supplier Shadowfax Applied sciences has filed a confidential draft crimson herring prospectus (DRHP) with the capital markets regulator, Securities and Change Board of India (Sebi), to boost funds from the general public markets by means of an preliminary public providing (IPO).
In keeping with individuals conscious of the event, the corporate is looking for to boost between ₹2,000 and ₹2,500 crore, whereas the corporate is predicted to be valued at practically ₹8,500 crore.
Shadowfax Applied sciences IPO Particulars
Shadowfax Applied sciences is providing a book-built public problem comprising a mix of recent problem of fairness shares and a proposal on the market (OFS) element.
The corporate goals to make use of the proceeds from the recent problem of the IPO to reinforce its capability, drive development, and make additional investments in its subsidiaries.
Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Development Funds are among the many high marquee buyers backing Shadowfax Applied sciences Restricted.
Within the final fundraising spherical in February 2025, the corporate raised main and secondary capital at an approximate valuation of ₹6,000 crore, in keeping with the press launch.
“The e-commerce section is the main income contributor, accounting for round 75% of the enterprise. The remaining comes from fast commerce and hyperlocal deliveries,” stated the corporate.
About Shadowfax Applied sciences
Shadowfax Applied sciences is a logistics service supplier for e-commerce, specific parcel, and different value-added companies, in keeping with the corporate’s official web site.
The corporate’s distribution community covers greater than 2,200 cities and has entry to greater than 14,300 pin codes throughout India. The web site information reveals that the platform has 3.5 million customers, with practically 1.40 lakh quarterly supply companions and 30 lakh verified riders.
The corporate began its logistics operations in 2015 as a pure last-mile meals supply/courier service, with greater than 10,000 orders per day delivered in a 12 months.
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