SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Shadowfax Technologies files updated DRHP with SEBI for Rs 2,000 crore IPO

03 Nov 2025 Evaluate

Shadowfax Technologies filed an updated draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 2,000 crore through an initial public offering (IPO). The IPO comprises fresh issue of shares worth Rs 1,000 crore and an offer for sale (OFS) of Rs 1,000 crore by existing shareholders. 

The firm filed draft papers in late June with markets regulator Sebi for an IPO through a confidential pre-filing route and had received Sebi's approval in October. Following this, companies are required to file an updated DRHP before filing an RHP. 

The company proposes to utilise proceeds from the fresh issue towards funding enhancing capacity in terms of 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. To assist the public offering, ICICI Securities, Morgan Stanley India Company, JM Financial have been appointed as the book-running lead managers to the issue. 

Shadowfax is India's leading logistics service provider for e-commerce express parcel and value-added services. It has a service network encompassing 14,758 Indian pin codes as of September 2025.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: