Shadowfax Targets 23-25% Revenue Growth Amid Market Share Expansion, IPO Opens

• Logistics provider Shadowfax expects 23-25% compounded annual revenue growth, driven by market share gains and value-added services.
• The company's ₹1,907 crore IPO opened on January 20 and will close on January 22.
• Revenue grew 32.5% annually between FY23-FY25, with 68% growth in H1 current year, aided by consumption recovery and digital adoption.
• Shadowfax's market share surged from 8% in FY22 to nearly 23% currently, with value-added services contributing 40-45% of revenue.
• The company achieved EBITDA break-even, positive EBITDA, net margins, and positive free cash flow, with quick commerce and e-commerce logistics driving future growth.

Why It Matters: Shadowfax anticipates strong revenue growth and improved profitability, fueled by market expansion and strategic service offerings.