Bengaluru-based logistics agency Shadowfax Applied sciences has acquired the Securities and Change Board of India’s (SEBI) approval to proceed with its preliminary public providing (IPO), marking a significant step in direction of its public itemizing.
In accordance with SEBI’s Processing Standing: Points as on October 17, 2025 report, the corporate’s draft supply doc has cleared the evaluation stage, confirming its inclusion among the many regulator-approved points this month.
Shadowfax had earlier filed a confidential draft pink herring prospectus (DRHP) beneath SEBI’s pre-filing route, which permits corporations to replace financials earlier than launching their public supply. With the commentary letter now issued, the logistics participant has as much as 18 months to file its closing prospectus and open the difficulty for subscription.
The corporate operates a technology-driven logistics platform overlaying ecommerce specific parcels, fast commerce and hyperlocal supply, with its income majorly derived from the ecommerce section.
With SEBI’s approval, Shadowfax joins a rising checklist of corporations gearing up for public points this quarter, together with Aggcon Equipments Worldwide and Safex Chemical substances, underscoring renewed momentum in India’s main markets.
Edited by Jyoti Narayan
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