Shadowfax IPO GMP today is Rs -11.4. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
TEMPSHADOW
Shadowfax IPO GMP, Subscription & Allotment Status Today
Shadowfax is a Mainboard IPO with a price band of Rs 118.00 to Rs 124.00 that listed on 28 Jan 2026 at a listing gain of -9.19%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹118.00 - ₹124.00
- Lot Size
- 120 Shares
- Bidding Closes
- 22 Jan 2026
- Listing Date
- 28 Jan 2026
Current GMP Status
₹-11.4
-9.19% vs upper band
Est. Listing Gain
-9.19%
Last Trend
26 Jan 2026
Listing Price
₹112.60
Retail Entry
₹14,880
IPO Details
Complete IPO information
| Current GMP | ₹-11.4 |
|---|---|
| Estimated Listing Gain | -9.19% |
| Price Band | ₹118.00 - ₹124.00 |
| Issue Price | Approx ₹124.00 Crores |
| Listing Price | ₹112.60 |
| Lot Size | 120 Shares |
| Issue Type | Mainboard |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 28 Jan 2026 |
| Minimum Investment | ₹14,880 |
Head-to-head
Compare Shadowfax IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Shadowfax is priced at ₹124 per share. With a minimum lot size of 120 shares, a retail investor applying for one lot would need approximately ₹14,880 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Shadowfax stands at ₹-11.4, implying an estimated listing gain of around -9.19% over the issue price if it holds until listing. This is down ₹1.25 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
20 Jan 2026
✓
Bidding Closes
22 Jan 2026
✓
Allotment
TBA
✓
Listing
28 Jan 2026
Grey Market Premium
Daily GMP status
| Date | GMP | 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% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 120 | ₹14,880 |
| Retail Maximum | 13 Lot | 1,560 | ₹1,93,440 |
| S-HNI Minimum | 14 Lot | 1,680 | ₹2,08,320 |
| S-HNI Maximum | 67 Lot | 8,040 | ₹9,96,960 |
| B-HNI Minimum | 68 Lot | 8,160 | ₹10,11,840 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Additional note
Bidding dates yet to be announced
Analysis
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 |
Analysis
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 |
Analysis
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 |
Analysis
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 |
Analysis
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 | – |
Analysis
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 | – |
Analysis
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.
Analysis
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 |
Analysis
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 |
Analysis
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 |
FAQ
Shadowfax IPO FAQs
Shadowfax IPO price band is Rs 118.00 to Rs 124.00. Check the latest issue price, lot size and GMP together before applying.
Shadowfax IPO open date is 20 Jan 2026, close date is 22 Jan 2026, and listing date is 28 Jan 2026.
Shadowfax IPO lot size is 120 shares. The minimum retail investment is Rs 14,880.
Shadowfax is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Shadowfax IPO subscription status currently shows Subscription data is currently awaited.
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