Shadowfax files updated DRHP targeting ₹2,000 crore raise for logistics scale-out

Shadowfax has submitted an updated DRHP aiming to mobilise ₹2,000 crore via IPO to accelerate logistics fulfillment engineering and distribution backbone expansion. Analysts said this filing is strategically timed given supply chain layer demand compression is easing and capacity investments ahead of year-end shipping cycle could be rewarded by public markets. For smallcap IPO allocators it also provides a benchmark for logistics asset valuation recovery in India after muted 2023-24 cycles. The raise structure is expected to influence private-to-public conversion timing across operationally intensive logistics sub-layers in FY26.