Overview
- The issue comprises a Rs 1,000 crore fresh share sale and a Rs 1,000 crore OFS by existing investors.
- Named sellers include Flipkart (up to Rs 237 crore), Eight Roads (Rs 197 crore), TPG/NewQuest (Rs 150 crore) and NGP (Rs 100.8 crore), with IFC, Mirae Asset, Qualcomm and others also participating.
- Shadowfax plans to allocate Rs 423.4 crore to network capex, Rs 138.6 crore to leases for new first-, last-mile and sort centres, and Rs 88.6 crore to branding and marketing, with the balance for acquisitions and general purposes.
- The company may run a pre-IPO placement of up to 20% of the fresh issue and has appointed ICICI Securities, Axis Capital and JM Financial as book-running lead managers.
- Flipkart holds the largest stake at about 14.84%, cofounders Abhishek Bansal and Vaibhav Khandelwal own roughly 10.76% and 8.37%, and the network spans 14,758 pin codes as of September 30, 2025.