Shadowfax Technologies IPO Details
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Shadowfax Technologies IPO opens for subscription on 20 Jan 2026 and closes on 22 Jan 2026. The IPO will be listed on NSE, BSE with the tentative listing date set for 27 Jan 2026.
Shadowfax Technologies IPO price band has been fixed at ₹118 – ₹124 per share.The face value is ₹10 per share with a lot size of 120.
Shadowfax Technologies IPO total issue size comprises 15,38,12,016 shares (aggregating up to ₹1907.27 Cr). This includes a fresh issue of 8,06,45,161 shares (aggregating up to ₹1000.00 Cr). Offer for Sale consists of 7,31,66,855 shares (aggregating up to ₹907.27 Cr).
Shadowfax Technologies IPO carries a ₹18 (14.52%) GMP, reflecting investor sentiment.
Shadowfax Technologies IPO Lot Size : Retail Minimum is 1 lot (120 shares) amounting to ₹14,880. Retail Maximum is 13 lots (1,560 shares) amounting to ₹193,440. SHNI Minimum is 14 lots (1,680 shares) amounting to ₹208,320. SHNI Maximum is 67 lots (8,040 shares) amounting to ₹996,960. BHNI Minimum is 68 lots (8,160 shares) amounting to ₹1,011,840.
The Lead Managers for Shadowfax Technologies IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is ICICI Securities Ltd, Morgan Stanley India Company Pvt Ltd, Jm Financial Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Shadowfax Technologies Limited RHP.
Shadowfax Technologies IPO Details
Shadowfax Technologies IPO Dates
- 20 Jan 2026Opening dateOpen
- 22 Jan 2026Closing dateClose
- 23 Jan 2026Allotment Date Allotment
- 26 Jan 2026Initiation of RefundsRefund
- 26 Jan 2026Credit of SharesCredit
- 27 Jan 2026Listing dateListing
Shadowfax Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 120 | ₹14,880 |
| Retail Maximum | 13 | 1560 | ₹193,440 |
| SHNI Minimum | 14 | 1680 | ₹208,320 |
| SHNI Maximum | 67 | 8040 | ₹996,960 |
| BHNI Minimum | 68 | 8160 | ₹1,011,840 |
Shadowfax Technologies IPO Reservation
Promoter Holding
Shadowfax Technologies IPO Valuations
Shadowfax Technologies Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,453.16 | 1,259.26 | 786.14 | 442.73 |
| Total Income | 1,819.80 | 2,514.66 | 1,896.48 | 1,422.89 |
| Profit After Tax | 21.04 | 6.06 | -11.88 | -142.64 |
| EBITDA | 64.34 | 56.19 | 11.37 | -113.47 |
| NET Worth | 693.53 | 660.43 | 421.78 | 176.32 |
| Reserves and Surplus | 281.26 | 248.16 | 172.47 | 171.20 |
| Total Borrowing | 147.44 | 132.23 | 40.33 | 66.69 |
| Amount in ₹ Crore | ||||
About Shadowfax Technologies IPO
Incorporated in June 2016, Shadowfax Technologies Limited is one of India’s leading technology-driven logistics solutions providers, offering comprehensive end-to-end delivery services across e-commerce, quick commerce, food delivery, and hyperlocal segments.
The Company provides a wide range of logistics services, including e-commerce and direct-to-consumer (D2C) express parcel delivery, hyperlocal and quick commerce deliveries with same-day or intra-hour timelines, and SMS and personal courier services through its proprietary Shadowfax Flash application. Its integrated platform enables scalable first-mile, middle-mile, and last-mile delivery solutions tailored to diverse customer requirements.
As of September 30, 2025, Shadowfax operated a nationwide logistics network comprising 4,299 touchpoints, including first-mile centres, last-mile centres, and sort centres, serving 14,758 pin codes across India. The Company’s operations are supported by over 3.50 million square feet of operational space, including 53 sort centres spanning approximately 1.80 million square feet, facilitating shipment consolidation, sorting, and dispatch.
The Company follows an asset-light operating model, leasing its logistics facilities and linehaul infrastructure while owning critical automation systems and machinery that ensure operational control and efficiency. It operates a dedicated fleet of over 3,000 trucks daily as part of its linehaul network.
Shadowfax’s delivery ecosystem is powered by a large and flexible workforce. As of September 30, 2025, the platform had 205,864 average quarterly unique transacting delivery partners, enabling high service reliability and geographic reach. Additionally, the Company employed 4,472 permanent employees and engaged 17,182 contract workers.
The Company serves a diversified and marquee client base that includes Meesho, Flipkart, Myntra, Swiggy, BigBasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber, Pincode, Purplle, Licious, ONDC, and Magicpin, among others. This diversified customer portfolio positions Shadowfax as one of the few large-scale logistics providers in India capable of supporting last-mile and end-to-end e-commerce delivery, quick commerce, food delivery, and hyperlocal logistics services on a unified platform.
Strength Of Shadowfax Technologies IPO
Risk Of Shadowfax Technologies IPO
Objectives Shadowfax Technologies IPO
1. Funding of capital expenditure requirements of the Company in relation to the network infrastructure
2. Funding of lease payments for new first mile centers, last mile centers and sort centers
3. Funding of branding, marketing and communication costs
4. Unidentified inorganic acquisitions and general corporate purposes
Company Contact Details
Shadowfax Technologies Ltd.
1st Floor, Appek Building, 93/A
4th B Cross Rd, 5th Block,
Koramangala,
Bengaluru, Karnataka, 560095
Email: hello@shadowfax.in
Website: https://www.shadowfax.in/