7 months ago
Shadowfax IPO to open next week
Shadowfax, a big logistics company, is going to launch its IPO next week.
They want to raise ₹1,900 crore and think their company is worth about ₹7,400 crore.
They will use the money to build more infrastructure, pay for new centers, and do marketing.
Big investors like Flipkart and TPG are part of Shadowfax.
They make most of their money from delivering parcels for e-commerce companies.
Their revenue has been growing fast, and they have a big share of the express parcel market.
Shadowfax is launching a ₹1,900 crore IPO next week, targeting a valuation of ₹7,400 crore.
The IPO includes a fresh issue of ₹1,000 crore and an OFS of ₹900 crore by existing shareholders.
Proceeds will be used for network infrastructure, lease payments, branding, marketing, and potential acquisitions.
Shadowfax is backed by major investors including Flipkart, TPG, and Eight Roads Ventures.
The company reported a 68% year-on-year revenue increase for the first half of FY26, with a significant market share in express parcels.
- Who
- Shadowfax, a logistics services provider
- What
- Launching an initial public offering (IPO)
- Where
- India
- When
- Next week
- Why
- To raise funds for enhancing network infrastructure, lease payments, branding, marketing, and potential acquisitions
Key facts
- IPO Size
- ₹1,900 crore
- Target Valuation
- ₹7,400 crore
- Fresh Issue
- ₹1,000 crore
- Offer for Sale (OFS)
- ₹900 crore
- Major Investors
- Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures, Nokia Growth Funds
- Revenue (H1 FY26)
- ₹1,800 crore
- Revenue (FY25)
- ₹2,485 crore
- Express Parcel Market Share (Q1 FY26)
- 21%
Sources
Flipkart-backed Shadowfax sets Rs 1,900 crore IPO: 7 things investors must know
Shadowfax IPO to open next week, targets valuation of ₹7,400 crore
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