Shadowfax Technologies Limited files UDRHP-I with SEBI to raise upto Rs. 2,000 Crore through IPO
Shadowfax Technologies Limited, (“Shadowfax or The Company”) a new- age, technology-led third-party Logistics Company has filed its UDRHP-I with SEBI.
The offer of total issue size aggregating up to Rs.2,000 crores comprises of a fresh issue of equity share aggregating up to Rs.1,000 crores and an offer for sale of Equity Share aggregating up to Rs.1,000 crores of face value of Rs.10 per equity share.
Shadowfax proposes to utilise the Net Proceeds towards funding capital expenditure requirements related to its network infrastructure, funding of lease payments for new first mile, last mile, and sort centers, as well as towards branding, marketing, and communication initiatives, unidentified inorganic acquisitions, and general corporate purposes.
Shadowfax is the fastest growing new-age, technology-led third-party logistics (“3PL”) company of scale in India as of March 31, 2025. The company has a service network encompassing 14,758 Indian pin codes as of September 30, 2025.
Shadowfax serves a wide range of enterprise clients including horizontal and non-horizontal e-commerce, quick commerce, food marketplaces, and on-demand mobility companies. The company offers express forward parcel deliveries, reverse pickups, on-demand hyperlocal and critical logistics solutions.
Shadowfax processed 436.36 million orders in the FY 2025, achieving a CAGR of 29.77% from the FY 2023. During the six months period ended September 30, 2025, the company processed 294.45 million orders which represents a CAGR of 50.11% from the six months period ended September 30, 2024.
In the Financial Year 2025, the company generated revenue from operations of Rs.24,851.31 million, with an Adjusted EBITDA margin of 1.96%. For the six months period ended September 30, 2025, the company reached Rs.18,056.44 million in revenue from operations with an Adjusted EBITDA margin of 2.86%
ICICI Securities Limited, Morgan Stanley India Company Private Limited, JM Financial Limited are the Book Running Lead Managers to the issue.
Above views are of the author and not of the website kindly read disclaimer
