Shadowfax Technologies
Mainboard₹14,880 / 120 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 22 Jan 2026, 05:57 PM |
| QIBs | 4.00 times |
| NII | 0.88 times |
| Retail | 2.42 times |
| Employee | 2.17 times |
| Total | 2.86 times |
Shadowfax Technologies IPO Details
The Shadowfax Technologies IPO price band is set between ₹118-124 per equity share, with a face value of ₹10 per share. The issue is managed by KFin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 20 Jan, 2026 and closes on 22 Jan, 2026. Investors can check the allotment status on 23 Jan, 2026, while the listing date is tentatively scheduled for 28 Jan, 2026.
The total issue size is 15,38,12,016 shares, aggregating up to ₹1907.27 crore. Stay tuned for the latest Shadowfax Technologies IPO review and GMP updates.
Shadowfax Technologies IPO Review, Rating & Analysis
Shadowfax Technologies IPO Review
IgnoreShadowfax Technologies IPO Rating
Shadowfax Technologies IPO Highlights
IPO Date
Jan 20, 2026 - Jan 22, 2026
Listing Date
28 Jan, 2026
Face Value
₹10 Per Equity Share
Price Band
₹118-124 per equity share
Lot Size
120 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Shadowfax Technologies IPO Lot Size
The minimum market lot for Shadowfax Technologies IPO is 120 shares with an application amount of ₹14,880. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| 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 |
Shadowfax Technologies IPO Timeline
Issue Price
₹118-124 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFin Technologies LimitedLead Manager
ICICI Securities LimitedMorgan Stanley India CompanyPrivate LimitedJM Financial LimitedIssue Size
15,38,12,016 shares(aggregating up to ₹1907.27 crore)Shadowfax Technologies IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 1453.16 | 1819.80 | 21.04 | 693.53 | 281.26 | 147.44 |
| 31-Mar-25 | 1259.26 | 2514.66 | 6.43 | 660.43 | 248.16 | 132.23 |
| 31-Mar-24 | 786.14 | 1896.48 | -11.88 | 421.78 | 172.47 | 40.33 |
| 31-Mar-23 | 442.73 | 1422.89 | -142.64 | 176.32 | 171.20 | 66.69 |
In Cr.
Shadowfax Technologies IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 69033955 | 44.88% |
| QIB Shares Offered | 46022638 | 29.92% |
| NII (HNI) Shares Offered | 23011319 | 14.96% |
| bNII > ₹10L | 15340879 | 10% |
| sNII < ₹10L | 7670440 | 5% |
| Retail Shares Offered | 15340879 | 9.97% |
| Employee Shares Offered | 403226 | 0.26% |
| Total Shares Offered | 153812016 | 100% |
Shadowfax Technologies IPO Documents
Shadowfax Technologies IPO Valuations
EPS Pre IPO
₹0.12/-EPS Post IPO
₹0.73/-PE Pre IPO
1017.96PE Post IPO
170.39ROE
-ROCE
-Debt Equity
0.20RoNW
0.97%PAT Margin
-Price to Book Value
8.97Shadowfax Technologies Peer Comparison
| Company Name | Revenue | RoNW | PE Ratio | PB Ratio |
|---|---|---|---|---|
| Shadowfax Technologies | 2514 | 0.97% | N/A | N/A |
| Blue Dart Express | 5762 | 17.25% | 50.70 | 9.34 |
| Delhivery Limited | 9372 | 1.75% | 195.0 | 2.06 |
Promoters & Share Holding
Promoter(s) Name
- Abhishek Bansal
- Vaibhav Khandelwal
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 19.41% | 16.71% |
About Company
Founded in 2015 , Shadowfax is a leading logistics and delivery service provider based in Bangalore, India. The company offers a comprehensive range of services, including rapid parcel delivery, same-day and next-day delivery, doorstep-to-doorstep exchange, and Quick Commerce with 10-minute delivery times.
Shadowfax has established a strong presence in the logistics sector, covering over 18,000 pin codes across more than 2,500 cities. With an impressive capacity of delivering over two million packages daily, the company is renowned for its swift service, often delivering packages within 30 to 60 minutes of order placement. This rapid delivery capability is becoming increasingly common in India.
Shadowfax Technologies IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,60,22,638 | 2,30,11,319
1,53,40,879
76,70,440
| 1,53,40,879 | 8,47,78,062 |
Day 120-01-26 05:00 PM | 0.40 x | 0.23
x
0.13 x
0.42 x
| 1.18 x | 0.50 x |
Day 221-01-26 05:00 PM | 0.40 x | 0.34
x
0.21 x
0.61 x
| 1.74 x | 0.63 x |
Day 322-01-26 05:00 PM | 4.00 x | 0.88
x
0.66 x
1.33 x
| 2.42 x | 2.86 x |
Retail:1.79x
BHNI:0.12x
SHNI:1.19x
Shadowfax Technologies IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Funding of capital expenditure requirements of the Company in relation to the network infrastructure | - |
| Funding of lease payments for new first mile centers, last mile centers and sort centers | - |
| Funding of branding, marketing and communication costs | - |
| Unidentified inorganic acquisitions and general corporate purposes | - |
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 - 560103 KarnatakaRegistrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: shadowfax.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Frequently Asked Questions about Shadowfax Technologies IPO
When will Shadowfax Technologies IPO open for subscription?
The Shadowfax Technologies IPO opens on 20 Jan, 2026 and closes on 22 Jan, 2026.
What is the investors portion for Shadowfax Technologies IPO?
The investors' portion for QIB is 4.00 x, NII is 0.66 x, and Retail is 2.42 x.
How to apply for Shadowfax Technologies IPO?
You can apply for Shadowfax Technologies IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Shadowfax Technologies IPO?
The issue size of Shadowfax Technologies IPO is approx ₹15,38,12,016 shares(aggregating up to ₹1907.27 crore) crores.
What is the price band of Shadowfax Technologies IPO?
The price band for Shadowfax Technologies IPO is ₹118 to ₹124 per equity share.
What is the lot size of Shadowfax Technologies IPO?
The minimum bid (lot size) for Shadowfax Technologies IPO is 120 shares with an investment of approx ₹14,880 .
What is the allotment date of Shadowfax Technologies IPO?
The allotment date for Shadowfax Technologies IPO is 23 Jan, 2026.
What is the listing date of Shadowfax Technologies IPO?
The listing date for Shadowfax Technologies IPO is expected to be 28 Jan, 2026.
What is the GMP of Shadowfax Technologies IPO?
The latest Grey Market Premium (GMP) for Shadowfax Technologies IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.