The issue comprises fresh issue of Rs 1,000 crore and an offer for sale of the same amount, according to the document.
The filing comes days after the company received Sebi’s approval on the confidential draft papers for its IPO. Shadowfax, backed by ecommerce major Flipkart, confidentially filed the draft red herring prospectus (DRHP) for its IPO back in July.
Most of the net proceeds from the IPO is expected to be invested in bulking up the company’s quick-delivery offerings. “The company has been seeing massive traction emerging from quick deliveries…and its economics have also been improving,” a person in the know had told ET earlier.
In fiscal year 2024, Shadowfax clocked around Rs 1,885 crore in operating revenue, up 33% from the previous year, and turned operationally profitable. It reported a net loss of Rs 12 crore for FY24, down 92% year-on-year, but posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 23 crore.
Shadowfax is on a long list of new-age companies looking to go public, along with PhysicsWallah, Boat, Shiprocket, Groww, Pine Labs, Wakefit, Curefoods and Meesho. Urban Company and Capillary Technologies recently listed on Indian exchanges, while Lenskart IPO is underway.