IPO Listed — 28 Jan 2026
Listing Price: ₹112.60
Shadowfax Technologies IPO GMP History | Listing Price ₹112.60 & Kostak Rate
Shadowfax Technologies IPO has been listed on January 28, 2026 at a listing price of ₹112.60, against the issue price of ₹124 — a loss of ₹11.4 (-9.19%). The GMP peaked at ₹16 on 16 January 2026 and reached a low of ₹-6 on 28 January 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Shadowfax Technologies IPO raised ₹1907 Cr. through its IPO at a price band of ₹118 to 124 per share, with a lot size of 120 shares. The IPO was open for subscription from 20 Jan 2026 to 22 Jan 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 28 Jan 2026 | ₹ -6 | -5% | ₹ 0 | ₹ 0 | |
| 27 Jan 2026 | ₹ -6 | -5% | ₹ 0 | ₹ 0 | |
| 26 Jan 2026 | ₹ -6 | -5% | ₹ 0 | ₹ 0 | |
| 23 Jan 2026 | ₹ -4 | -3% | ₹ 0 | ₹ 0 | |
| 22 Jan 2026 | ₹ 4 | 3% | ₹ 0 | ₹ 400 | |
| 21 Jan 2026 | ₹ 4 | 3% | ₹ 0 | ₹ 410 | |
| 20 Jan 2026 | ₹ 7 | 6% | ₹ 0 | ₹ 600 | |
| 19 Jan 2026 | ₹ 11 | 9% | ₹ 0 | ₹ 1000 | |
| 16 Jan 2026 | ₹ 16 | 13% | ₹ 0 | ₹ 1500 | |
| 15 Jan 2026 | ₹ 16 | 13% | ₹ 0 | ₹ 1500 | |
| 14 Jan 2026 | ₹ 16 | 13% | ₹ 0 | ₹ 0 | |
| 13 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
Shadowfax Technologies IPO Dates
| Event | Date |
|---|---|
| Open Date | 20 Jan, 2026 |
| Close Date | 22 Jan, 2026 |
| Allotment Date | 23 Jan, 2026 |
| Refund Date | 27 Jan, 2026 |
| Credit to Demat | 27 Jan, 2026 |
| Listing Date | 28 Jan, 2026 |
Shadowfax Technologies IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹124 |
| GMP-Based Estimate (Pre-Listing) | ₹112 (-5.1%) |
| Actual Listing Price | ₹112.60 (-9.19%) |
| Listing Gain / Loss | ₹-11.4 per share |
| Listing Date | 28 Jan, 2026 |
Is Shadowfax Technologies IPO GMP Reliable?
Grey market premium for Shadowfax Technologies IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Shadowfax Technologies IPO full review for a fundamentals-based assessment before making any grey market trades.
Shadowfax Technologies IPO IPO Kostak Rate Explained
The Kostak rate for Shadowfax Technologies IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Shadowfax Technologies IPO
The company offers a wide range of logistics services including express parcel delivery, same-day delivery, reverse logistics and quick-commerce fulfilment for e-commerce and on-demand platforms. It operates an asset-light, technology-driven business model, where it does not own significant physical infrastructure but instead uses a network of delivery partners and proprietary tech systems to manage operations efficiently. Its revenue model is largely B2B, catering to major online platforms and brands, focusing on speed, scalability and cost optimisation.
Frequently Asked Questions about Shadowfax Technologies IPO
What is the GMP of Shadowfax Technologies IPO?
The current Grey Market Premium (GMP) of Shadowfax Technologies IPO is ₹ -6.
What is the Kostak Price of Shadowfax Technologies IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Shadowfax Technologies IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of Shadowfax Technologies IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of Shadowfax Technologies IPO?
Shadowfax Technologies IPO listed on January 28, 2026 at ₹112.60, against the issue price of ₹124 — a loss of -9.19%.
How did the GMP of Shadowfax Technologies IPO trend before listing?
The GMP of Shadowfax Technologies IPO was stable in its final days before listing. The GMP peaked at ₹16 on 16 January 2026. View the day-wise table above for the complete GMP history.
Explore Shadowfax Technologies IPO Further
For a complete picture before making your investment decision, explore these resources:
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