<ul data-eligibleForWebStory="true"><li>Logistics major Shadowfax has filed its draft red herring prospectus (DRHP) with SEBI for an IPO through the confidential pre-filing route.</li><li>The IPO size was not disclosed, but reports suggest Shadowfax is targeting a listing worth INR 2,000–2,500 Cr, with around 50% expected to be raised via a fresh issue.</li><li>Shadowfax joins other companies in using the confidential filing route, including Aequs, Groww, Shiprocket, boAt, and PhysicsWallah (PW).</li><li>ICICI Securities, JM Financial, and Morgan Stanley have been appointed as the lead bankers for the IPO. Founded in 2015, Shadowfax offers last-mile delivery services to ecommerce platforms and D2C brands.</li></ul>

Shadowfax Files Confidential IPO Papers With SEBI

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