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Shadowfax Technologies IPO — Date, Price Band, GMP & Allotment 2026

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Shadowfax Technologies is coming up with its IPO, attracting attention from investors. The company is a fast-growing, tech-enabled logistics and delivery service provider in India, mainly serving e-commerce and quick commerce platforms. With a strong nationwide network and asset-light model, it has shown rapid scale-up in recent years. Investors will closely watch its financial performance, valuation, and growth prospects before making an investment decision.

Open 20 Jan 2026
Close 22 Jan 2026
Allotment 23 Jan 2026
Listing 28 Jan 2026

IPO Review

61 May Apply 16 reviews
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IPO GMP

₹ -6 (-5%)
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Subscription

2.72 Times
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Stock Price

As the IPO is listed, here is the Live Share Price for Shadowfax Technologies

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IPO Summary

IPO Dates 20 to 22 Jan, 2026
Price Band ₹118 to 124
Face Value ₹10
Lot Size 120 Shares
Issue Size ₹1907 Cr
Listing On NSE & BSE
Min Investment ₹ 14,880

What is the Shadowfax Technologies IPO Timetable?

Track the IPO schedule and key events.

Event Date Day
IPO Open Date 20 Jan, 2026 Tuesday
IPO Close Date 22 Jan, 2026 Thursday
Basis of Allotment 23 Jan, 2026 Friday
Refunds Initiated 27 Jan, 2026 Tuesday
Credit to Demat 27 Jan, 2026 Tuesday
Listing Date 28 Jan, 2026 Wednesday

What is the Shadowfax Technologies IPO Lot Size?

Bidding in multiples of 120 shares.

Application Lots Shares Amount
Retail (Min) 1 120 ₹14,880
Retail (Max) 13 1560 ₹1,93,440
S-HNI (Min) 14 1680 ₹2,08,320
S-HNI (Max) 67 8040 ₹9,96,960
B-HNI (Min) 68 8160 ₹10,11,840

About Shadowfax Technologies

Shadowfax Technologies was founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal with the aim of solving last-mile delivery challenges in India’s rapidly growing e-commerce ecosystem. Starting as a hyperlocal food delivery service, the company gradually expanded into a full-scale logistics platform covering thousands of cities and pin codes across the country. Backed by investors such as Flipkart, it has built a strong presence in digital commerce logistics by leveraging technology and a large delivery partner network.
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.

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Shadowfax Technologies Key Performance Indicators (KPIs)

Pe 1100×
Eps ₹0.13
Roce NA
Ronw 0.97
Pat margin 0.26

Objects of the Issue

Issue Object
Funding of capital expenditure requirements of the Company in relation to the network infrastructure
Estimate Amount ₹423.43 Cr.
Issue Object
Funding of lease payments for new first mile centers, last mile centers and sort centers
Estimate Amount ₹138.64 Cr.
Issue Object
Funding of branding, marketing and communication costs
Estimate Amount ₹88.57 Cr.
Issue Object
Unidentified inorganic acquisitions and general corporate purposes
Estimate Amount ₹291.94 Cr.

Company Financials

The Shadowfax Technologies company's financial performance (in ₹ Cr.) is summarized below:

Metric 31 Mar 24 31 Mar 23 31 Mar 22
Revenue 2,514.66 1,896.48 1,422.89
OPM % 3 1
EBITDA 56.19 11.37 -113.47
Net Profit 6.06 -11.88 -142.64
Debt 132.23 40.33 66.69
Assets 1,259.26 786.14 442.73

See how this IPO compares — view listing performance of all mainboard IPOs.

Promoters and Shareholding Details

Abhishek Bansal Vaibhav Khandelwal

Promoter holding details will be updated as soon as they are officially announced.

Frequently Asked Questions

What is the GMP of Shadowfax Technologies?

The current Grey Market Premium (GMP) of Shadowfax Technologies is ₹ -6.

What is the Shadowfax Technologies IPO Price Band?

The price band for Shadowfax Technologies IPO is ₹118 to ₹124.

When is the Shadowfax Technologies IPO Allotment?

The allotment date for Shadowfax Technologies IPO is January 23, 2026.

How to check Shadowfax Technologies IPO Allotment Status?

You can check the allotment status on the IPO Allotment Status page or on the registrar's website (Kfin Technologies Ltd.).

Official Documents

Company Contact Details

Shadowfax Technologies

3rd Floor, Shilpitha Tech Park Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village,Bellandur, Varthur Hobli Bengaluru, Karnataka, 560103

https://www.shadowfax.in/

Registrar

Kfin Technologies Ltd.

04067162222

Website

Book Running Lead Manager

ICICI Securities Ltd. Morgan Stanley India Co.Pvt.Ltd. JM Financial Ltd.

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