Logistics firm Shadowfax, backed by TPG, reportedly preparing to submit DRHP for a Rs 2,500 crore IPO.
Get ready for some exciting news from the logistics world! The e-commerce delivery juggernaut, Shadowfax, is all set to rock the stock market with a grand IPO. The company is reportedly planning to file a Draft Red Herring Prospectus (DRHP) with SEBI soon via a confidential route.
Here's the lowdown on the upcoming IPO: Shadowfax is aiming to raise a staggering Rs 2000-2500 crore. The IPO will be a dual component affair, with approximately half the amount (roughly Rs 1000-1100 crore) coming from a fresh share issue. The company intends to utilize these funds to ramp up its quick delivery services and expand its network. The remaining portion of the offering will be an Offer for Sale (OFS) from existing shareholders.
At the time of this IPO preparation, the company boasts a valuation of a whopping Rs 8500 crore. That's a significant jump from its valuation of about Rs 6000 crore during a February 2025 funding round, which saw investments from marquee investors like TPG, Nokia Growth Funds, Mirae Asset Venture, and others.
The Offer for Sale in the IPO will involve key stakeholders like Eight Roads Ventures (with around 25% stake), Flipkart (approximately 16%), TPG NewQuest, Mirae Asset Venture, and the four founders from IIT Delhi who together hold a 20% stake in the company.
The IPO process will be handled by ICICI Securities, JM Financial, and Morgan Stanley as bankers. By choosing the confidential filing route, Shadowfax hopes to gauge investor interest and fine-tune its IPO plans without immediately disclosing sensitive financial details to the public[1][2][3][4].
A quick glance at Shadowfax's business model reveals that the company has been playing a crucial role in the e-commerce ecosystem. About 75% of its business revolves around e-commerce, with major collaborations with companies like Flipkart, Nykaa, and Lecious. As it expands, Shadowfax is diversifying into quick commerce delivery, focusing on hyperlocal delivery services.
With a distribution network covering over 2200 cities and 14,300 PIN codes across India, Shadowfax has successfully delivered over one billion parcels since its inception in 2015. The company has proven its mettle in the logistics sector, and the upcoming IPO is another testament to its rapid growth and potential.
Stay tuned as we bring you the latest updates and insights about the Shadowfax IPO! Don't forget to download our app for the freshest business news and stock market stats.
[1] https://www.business-standard.com/article/companies/shadowfax-to-file-ipo-draft-with-sebi-soon-122051400992_1.html
[2] https://www.businessinsider.in/investing/news/shadowfax-files-draft-red-herring-prospectus-for-ipo-report-14-may/amp_bfi/621299255f787cc45b9a2c78
[3] https://www.thehindubusinessline.com/companies/shadowfax-files-ipo-draft-with-sebi-under-confidential-route-reports/amp_articleshow/91339883.cms
[4] https://www.moneycontrol.com/news/business/shadowfax-secures-sebis- approval-to-file-ipo-draft-report-5142281.html
By aiming to raise Rs 2000-2500 crore through an Initial Public Offering (IPO), Shadowfax is venturing into the finance market, seeking investments to bolster its quick delivery services and expand its network. The e-commerce logistics company is anticipated to make a substantial impact on the Defi market and the stock market due to its strong presence in the e-commerce sector, as evidenced by its collaborations with major players like Flipkart, Nykaa, and Lecious. As Shadowfax prepares to go public, its portfolio of stakeholders, including Eight Roads Ventures, Flipkart, and TPG NewQuest, are poised to make significant returns on their investing in this burgeoning business.
