Shadowfax eyes ₹ 2,500 Crore iPO, Confidentiial Filing With Sebi Expected Next Week: Details Here

Shadowfax, a tpg-backed logistics service provider, is reportedly getting ready Route early next week. The company aims to raise up to 2,500 Crore, according to a Reuters Report.

The confidential pre-filing route allows a company to withhld public disclosure of details under the draft Red Herring Prospectus (DRHP) Until Later Stages.

IPO Details and Valuation

According to reuters, the IPO of Shadowfax is expected to be in the range of 2,000-2,500 Crore, Comprising a fresh issue of shares and offer for sales (ofs) by existing sharelders

The company is also projected to be valied Around 8,500 Crore Post -at.

Shadowfax to boost network

The company plans to use the funds from the fresh issue towards Increasing capacity, Driving Further Growth, and Making Additional Investments in the Company’s Network Business, as Per the Sources.

In February this year, the company had raised funds at an approximate valuation of 6,000 Crore.

Investor Backing and Business Focus

Bengaluru-Based Shadowfax was founded in 2015 by IIT delhi alumni abhishek bansal, vaibhav khandelwal, Praharash chandra, and gaurav jaithliya. The company is a Leading Logistics Service Provider for e-Commerce Express parceels and other value-edged services.

Shadowfax is backed by a strong roster of investors, including flipkart, tpg, eight roads ventures, mirae asset ventures, and Nokia Growth Funds.

The e-commerce segment is the Major Revenue Contributor, Accounting for Around 75 per cent of the business, and the Remining Comes from Quick Comerce and Hyperlocal deliverys, the news agency bus.

Market Presence

The Logistics Company’s Robust Distribution Network Covers Over 2,200 Cities and More Than 14,300 PIN CODES, Solidifying Its Position as a Market Leader in the Industry.