Logistics service provider Shadowfax Technologies Ltd has filed its Updated Draft Red Herring Prospectus (UDRHP-I) with SEBI for an initial public offering (IPO) aggregating up to ₹2,000 crore. The offer comprises a fresh issue of equity shares worth up to ₹1,000 crore and an offer for sale of equity shares worth up to ₹1,000 crore, each with a face value of ₹10 per share.

The company intends to utilise the net proceeds to fund capital expenditure for network infrastructure, lease payments for new first-mile, last-mile, and sort centres, as well as branding, marketing, communication initiatives, unidentified inorganic acquisitions, and general corporate purposes.

As of March 31, 2025, Shadowfax is the fastest-growing new-age 3PL company of scale in India. Its service network spans 14,758

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