Shadowfax
listed
Mainboard IPO
₹-11.40
(-9.19%)
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05 Shadowfax Technologies IPO Details
- 06 Shadowfax Technologies IPO – Market Lot Details
- 07 Shadowfax Technologies IPO – Anchor Investors
- 08 Shadowfax Technologies IPO – Important Dates
- 09 Shadowfax Technologies IPO – Promoters & Holding Pattern
- 10 Shadowfax Technologies IPO – Objects of the Issue
- 11 About Shadowfax Technologies IPO
- 12 Shadowfax Technologies IPO – Company Financials
- 13 Shadowfax Technologies IPO – Valuation (FY2025)
- 14 Shadowfax Technologies IPO – Peer Group Comparison
IPO PARAMETERS
PRICE BAND
118.00 - 124.00
LOT SIZE
120 Shares
MIN. INVESTMENT
₹14,160
IPO ROADMAP
BIDDING STARTS
20 Jan 2026
2
BIDDING ENDS
22 Jan 2026
3
ALLOTMENT
TBA
4
LISTING
28 Jan 2026
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 26 Jan 2026 | ₹0.00 | -₹1.25 | 0.00% |
| 22 Jan 2026 | ₹1.25 | -₹2.75 | 1.01% |
| 21 Jan 2026 | ₹4.00 | -₹6.00 | 3.23% |
| 19 Jan 2026 | ₹10.00 | -₹6.00 | 8.06% |
| 16 Jan 2026 | ₹16.00 | - | 12.90% |
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 ₹1,907.27 Crores |
| Fresh Issue | Approx ₹1,000 Crores |
| Offer for Sale | 7,31,66,935 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
Shadowfax Technologies IPO – Market Lot DETAILS
| 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 |
Shadowfax Technologies IPO – Anchor INVESTORS
| Anchor Bidding Date | January 19, 2026 |
| Anchor Investors List | – |
| Shares Offered to Anchor Investors | – |
| Anchor Size | – |
| Lock‑in Period (50% Shares – 30 Days) | February 22, 2026 |
| Lock‑in Period (50% Shares – 90 Days) | April 23, 2026 |
Shadowfax Technologies IPO – Important DATES
| IPO Open Date | January 20, 2026 |
| IPO Close Date | January 22, 2026 |
| Basis of Allotment | January 23, 2026 |
| Refunds Initiation | January 27, 2026 |
| Credit to Demat Account | January 27, 2026 |
| IPO Listing Date | January 28, 2026 |
| Bidding Cut‑off Time | January 22, 2026 – 5:00 PM |
Shadowfax Technologies IPO – Promoters & Holding PATTERN
| Particulars | Shares | Shareholding (%) |
|---|---|---|
| Promoter Holding (Pre Issue) | 49,74,88,085 | 19.13% |
| Promoter Holding (Post Issue) | 57,81,33,246 | – |
Shadowfax Technologies IPO – Objects of the ISSUE
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding capital expenditure for network infrastructure | 423.43 |
| Funding lease payments for new first‑mile, last‑mile & sort centers | 138.64 |
| Branding, marketing & communication expenses | 88.57 |
| Unidentified inorganic acquisitions & 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 Technologies IPO – Company FINANCIALS
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 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)
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| EBITDA Margin | – |
| PAT Margin | – |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹0.13 (Basic) |
| Price / Earnings (P/E) | N/A |
| Return on Net Worth (RoNW) | 0.97% |
| Net Asset Value (NAV) | ₹13.83 |
Shadowfax Technologies IPO – Peer Group COMPARISON
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Blue Dart Express Limited | 106.38 | 50.70 | 17.25% | 657.05 | 5,762.16 |
| Delhivery Limited | 2.19 | 195.07 | 1.75% | 124.77 | 9,372.01 |