Shadowfax Technologies IPO Details
| IPO Open Date | January 20, 2026 |
| IPO Close Date | January 22, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹118 to ₹124 Per Share |
| Issue Size | Approx ₹1907.27 Crores |
| Fresh Issue | Approx ₹1,000 Crores |
| Offer for Sale: | Approx 7,31,66,935 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Shadowfax Technologies IPO Review & Key Points
- Review: Neutral
Shadowfax Technologies IPO Market Lot
The Shadowfax IPO minimum market lot is 120 shares with ₹14,880 application amount. The retail investors can apply up-to 13 lots with 1,560 shares of ₹1,93,440 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 120 | ₹14,880 |
| Retail Maximum | 13 | 1,560 | ₹1,93,440 |
| S-HNI Minimum | 14 | 1,680 | ₹2,08,320 |
| S-HNI Maximum | 67 | 8,040 | ₹9,96,960 |
| B-HNI Minimum | 68 | 8,160 | ₹10,11,840 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 6,90,33,955 Shares | 44.88% |
| QIB (Ex. Anchor) | 4,60,22,638 Shares | 29.92% |
| NII Shares Offered | 2,30,11,319 Shares | 14.96% |
| Retail Shares Offered | 1,53,40,879 Shares | 9.97% |
| Employee Shares Offered | 4,03,226 Shares | 0.26% |
Shadowfax Technologies IPO Anchor Investors
| Anchor Bidding Date | January 19, 2026 |
| Anchor Investors List | |
| Shares Offered | 6,90,33,955 Shares |
| Anchor Size | 856.02 Cr. |
| lock-in period end date 50% shares (30 Days) | February 22, 2026 |
| lock-in period end date 50% shares (90 Days) | April 23, 2026 |
Shadowfax Technologies IPO Dates
The Shadowfax IPO date is January 20 and the close date is January 22. The Shadowfax Technologies IPO allotment will be finalized on January 23 and the IPO listing on January 28.
| IPO Open Date: | January 20, 2026 |
| IPO Close Date: | January 22, 2026 |
| Basis of Allotment: | January 23, 2026 |
| Refunds: | January 27, 2026 |
| Credit to Demat Account: | January 27, 2026 |
| IPO Listing Date: | January 28, 2026 |
| IPO Bidding Cut-off Time: | January 22, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Abhishek Bansal and Vaibhav Khandelwal.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 49,74,88,085 | 19.13% |
| Promoter Holding Post Issue | 57,81,33,246 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding of capital expenditure requirements of our Company in relation to our network infrastructure; | ₹423.43 |
| Funding of lease payments for new first mile centers, last mile centers and sort centers; | ₹138.64 |
| Funding of branding, marketing and communication costs; and | ₹88.57 |
| Unidentified inorganic acquisitions and general corporate purposes | ₹- |
About Shadowfax Technologies IPO
Shadowfax is one of the top companies in the case of Shadowfax is a modern, tech-driven logistics company that uses digital tools to support e-commerce. Furthermore, their platform manages many types of deliveries, urgent and flexible for clients like Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Zomato, and others.
They are the fastest-growing large 3PL company in India as of March 31, 2025. Their share of the e-commerce shipment market increased from about 8% in FY 2022 to around 21% in the three months ended June 30, 2025. In express services, they are the market leader in reverse pickup shipments by order volume for FY 2025 and for the three months ended June 30, 2025.
Shadowfax IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹1,422.89 | ₹1,565.53 | ₹142.64 | ₹442.73 |
| 2024 | ₹1,896.48 | ₹1,908.36 | ₹11.88 | ₹786.14 |
| 2025 | ₹2,514.66 | ₹2,508.60 | ₹6.06 | ₹1,259.26 |
| September 2025 | ₹1,819.80 | ₹1,798.77 | ₹21.04 | ₹1,453.16 |
Shadowfax Technologies IPO Valuation – FY2025
Check Shadowfax IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹0.13 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 0.97% |
| Net Asset Value (NAV): | ₹13.83 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Blue Dart Express Limited | 106.38 | 50.70 | 17.25 | 657.05 | 5,762.16 Cr. |
| Delhivery Limited | 2.19 | 195.07 | 1.75 | 124.77 | 9,372.01 Cr. |
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Morgan Stanley India Company Private Limited
- JM Financial Limited
Company Address
Shadowfax Technologies Ltd.
1st Floor, Appek Building, 93/A
4th B Cross Rd, 5th Block,
Koramangala,
Bengaluru, Karnataka, 560095
Email: [email protected]
Website: https://www.shadowfax.in/
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/18003094001
Email: [email protected]
Website: https://ipostatus.kfintech.com/
Shadowfax Technologies IPO FAQs
What is Shadowfax Technologies IPO?
When Shadowfax Technologies IPO will open for subscription?
What is Shadowfax Technologies IPO Investors Portion?
How to Apply the Shadowfax Technologies IPO?
What is Shadowfax Technologies IPO Issue Size?
What is Shadowfax Technologies IPO Price Band?
What is Shadowfax Technologies IPO Lot Size?
What is the Shadowfax Technologies IPO Allotment Date?
What is the Shadowfax Technologies IPO Listing Date?
Note: The Shadowfax Technologies IPO price band and date are officially announced. The (Shadowfax Technologies IPO grey market premium) will be added to the IPO GMP page as it will start).
7 Responses
Shadowfax Technology co. has been improving profit from loss in 2023
So let’s wait & watch . Last sept. 25 co. has made profit
Shadowfax Technology co. has been improving profit from loss in 2023
So let’s wait & watch
Let’s wait for last day of IPO to know subscription figure & to kno
w grey mkt .
In 2023 and 2024 continue losses .Only in pre IPO issue year 2025 profit of 6 cr.only which is about 0.25% on sale of 2500 crs.
How it is justified to apply ? Unfortunately Indian public will subscribe it number of times.
Ipo Paisa lagana chahie hi nahin
Hi Sunil
Wait for the IPO subscription, lets settle the gmp as well.
Should we apply this IPO?