Shadowfax GMP IPO Date, Review, Price, Allotment Details IPO
Shadowfax IPO Summary
IPO Open Date: 20 Jan 2026
IPO Close Date: 22 Jan 2026
Price Band: ₹118 to ₹124 Per Share
Issue Size: Approx ₹1907.27 Crores
Listing Exchange: BSE NSE
Website: https://www.shadowfax.in/
Shadowfax IPO Overview
Shadowfax Technologies IPO is a book build issue of ₹1,907.27 crores. The issue is a combination of fresh issue of 8.06 crore shares aggregating to ₹1,000.00 crores and offer for sale of 7.32 crore shares aggregating to ₹907.27 crores.
Shadowfax Technologies IPO opens for subscription on Jan 20, 2026 and closes on Jan 22, 2026. The allotment for the Shadowfax Technologies IPO is expected to be finalized on Jan 23, 2026. Shadowfax Technologies IPO will list on BSE, NSE with a tentative listing date fixed as Jan 28, 2026.
Shadowfax Technologies IPO price band is set at ₹118 to ₹124 per share. The lot size for an application is 120. The minimum amount of investment required by an retail is ₹14,880 (120 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,680 shares), amounting to ₹2,08,320, and for bNII, it is 68 lots (8,160 shares), amounting to ₹10,11,840.
Shadowfax IPO Details
| Company Name | Shadowfax Technologies Ltd |
| IPO Open Date | 20 Jan 2026 |
| IPO Close Date | 22 Jan 2026 |
| Face Value | ₹10 Per Equity Share |
| 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 |
| Listing On | BSE, NSE |
Shadowfax IPO Review & Key Points
NeutralShadowfax 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.
| Category | 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 IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII / HNI | – Shares | 15% |
| Retail | – Shares | 10% |
Anchor Bidding Date: 19 Dec 2025
Anchor Issue Size: 856.02 Cr.
30 Days Lock-in: 22 Feb 2026
90 Days Lock-in: 23 Apr 2026
Shadowfax IPO Dates & Allotment
The Shadowfax Technologies 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 Opening Date | 20 Jan 2026 |
| IPO Closing Date | 22 Jan 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 23 Jan 2026 |
| Refunds Initiation | 23 Jan 2026 |
| Credit to Demat | 27 Jan 2026 |
| IPO Listing Date | 28 Jan 2026 |
Shadowfax IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Funding of capital expenditure requirements of the Company in relation to the 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 | ₹88.57 |
| Unidentified inorganic acquisitions and general corporate purposes | ₹- |
Shadowfax Technologies Ltd Financials
| 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 | ₹6.43 | ₹1,259.26 |
| September 2025 | ₹1,819.80 | ₹1,798.77 | ₹21.04 | ₹1,453.16 |
Shadowfax IPO Valuation
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.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹0.13 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | -% |
| Return on Capital Employed (ROCE) | -% |
| Return on Net Worth (RoNW) | 0.97% |
| Net Asset Value (NAV) | ₹13.83 |
| EBITDA Margin | -% |
| PAT Margin | -% |
Shadowfax IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Blue Dart Express Limited | 106.38 | 52.32 | 17.25 | 657.05 | 5,762.16 Cr. |
| Delhivery Limited | 2.19 | 218.18 | 1.75 | 124.77 | 9,372.01 Cr. |
Shadowfax IPO Promoters & Holding Pattern
The promoters of the company are Abhishek Bansal and Vaibhav Khandelwal.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 49,74,88,085 | 19.13% |
| Promoter Holding Post Issue | 57,81,33,246 | -% |
Shadowfax IPO Lead Managers (Merchant Bankers)
- ICICI Securities Limited
- Morgan Stanley India Company Private Limited
- JM Financial Limited
About Shadowfax Technologies Ltd
Shadowfax Technologies Limited is a leading Indian technology-driven third-party logistics (3PL) company headquartered in Bengaluru. Founded in 2015, the company operates an extensive asset-light delivery network that serves e-commerce, quick commerce, and hyperlocal businesses across India
Shadowfax Technologies Ltd Address
Bengaluru, Karnataka, 560095Phone: +91-80 6452 5653
Email: [email protected]
Shadowfax IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/18003094001
Email: [email protected]
Website: https://ipostatus.kfintech.com/