Shadowfax Technologies IPO
Shadowfax Technologies IPO — date, price band, GMP & allotment 2026
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.
Stock price
Shadowfax Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 20 Jan 2026
- Close 22 Jan 2026
- Allotment 23 Jan 2026
- Refund/credit 27 Jan 2026
- Listing 28 Jan 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 22 Jan, 2026 |
|---|---|
| Price Band | ₹118 to 124 |
| Face Value | ₹10 |
| Lot Size | 120 Shares |
| Issue Size | ₹1907 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | NSE & BSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,880 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 120 shares at the ₹124 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 120 | ₹14,880 |
| Retail (max) | 13 | 1,560 | ₹1,93,440 |
| S-HNI (min) | 14 | 1,680 | ₹2,08,320 |
| S-HNI (max) | 67 | 8,040 | ₹9,96,960 |
| B-HNI (min) | 68 | 8,160 | ₹10,11,840 |
Three years of numbers
All figures in ₹ crore, as reported in the Shadowfax Technologies offer document.
| 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.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Shadowfax Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Shadowfax Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹0.13 |
| P/E Ratio (x) | 1,100.00 |
| Market Cap at Offer Price (₹ Cr) | ₹5,780.31 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹124 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹942.58 Cr of the issue is earmarked to named objects.
Shadowfax Technologies IPO Anchor Investors
39 anchor investors across 26 fund houses committed ₹856.01 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Shadowfax Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
22 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Shadowfax Technologies?
The current Grey Market Premium is ₹-6, or -5% over the issue price.
What is the Shadowfax Technologies IPO price band?
₹118 to ₹124, on a face value of ₹10.
When is the allotment?
The basis of allotment is 23 January 2026, with listing on 28 January 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
