Shadowfax Technologies IPO Details
The Shadowfax Technologies IPO is a book build issue with a total issue size of ₹1907 cr, comprising of fresh issue of 80645161 equity shares., and a offer for sale of 73166935 equity shares. Shadowfax Technologies IPO opened for subscription on Jan 20, 2026 and closed on Jan 22, 2026. Shadowfax Technologies IPO is set price band at ₹118 to ₹124 per share, with a lot size of 120 shares. Minimum investment for Retail investors was ₹14,880.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 23, 2026, and listed on both the NSE and BSE on Jan 28, 2026.
Kfin Technologies Limited has been appointed as the registrar. Morgan Stanley India Company Private Limited, ICICI Securities Limited and JM Financial Limited are the Book Running Lead Manager for the issue.
Before investing in the Shadowfax Technologies IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 118 – 124
- Lot Size
- 120
- Issue Size
- ₹1907 Cr
- Minimum Investment
- ₹14880 (120 Shares)
- Listing Date
- 28 January 2026
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Shadowfax Technologies Limited
Shadowfax Technologies Ltd
Incorporated: June 2016
Headquarters: India
Industry: Logistics & Supply Chain Solutions
Overview:
Shadowfax Technologies Ltd is one of India’s leading logistics solution providers, specializing in technology-driven, end-to-end delivery services. The company offers comprehensive logistics solutions covering e-commerce express parcel delivery, direct-to-consumer (D2C) fulfillment, hyperlocal and quick commerce, and personal courier services through its Flash app.
Service Offerings:
- E-commerce and D2C Delivery: Nationwide parcel delivery for online and direct-to-consumer businesses.
- Hyperlocal & Quick Commerce: Rapid delivery services, including same-day and intra-hour deliveries.
- Flash App Services: SMS and personal courier services designed for individuals and small businesses.
Operational Network (as of September 30, 2025):
- Total Touchpoints: 4,299 across India, including first-mile, last-mile, and sort centers.
- Coverage: 14,758 pin codes nationwide.
- Operational Space: Over 3.50 million sq. ft., including:
- 53 sort centers covering 1.80 million sq. ft. for shipment consolidation, sorting, and dispatch.
- Fleet: Operates a dedicated fleet of over 3,000 trucks daily within an asset-light linehaul network.
- Facilities: Leased logistics infrastructure and linehaul assets, with owned automation and machinery for operational control.
Workforce (as of September 30, 2025):
- Permanent Employees: 4,472
- Contract Workers: 17,182
- Average Quarterly Unique Transacting Delivery Partners: 205,864
Clientele:
Shadowfax serves a wide range of top-tier clients across e-commerce, food delivery, and hyperlocal segments, including:
Meesho, Flipkart, Myntra, Swiggy, BigBasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber, Pincode, Purplle, Licious, ONDC, Magicpin, among others.
Market Position:
With its extensive reach, technology-led operations, and diversified service portfolio, Shadowfax Technologies Ltd stands as India’s only large-scale logistics provider offering integrated last-mile, end-to-end e-commerce delivery, and hyperlocal services, including quick commerce and food delivery.
Shadowfax Technologies IPO Promoters
- Abhishek Bansal
- Vaibhav Khandelwal
Promoters Holding
Holding Pre Issue
19.13%
Holding Post Issue
0.00%
Shadowfax Technologies IPO Objective
The Company Shadowfax Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of capital expenditure requirements of our Company in relation to our 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
Address / Contact Info
Shadowfax Technologies Ltd.
3rd Floor, Shilpitha Tech Park
Sy No. 55/3 & 55/4, Outer Ring Road,
Devarabisanahalli Village,Bellandur, Varthur Hobli
Bengaluru, Karnataka, 560103
Email: hello@shadowfax.in
Website: https://www.shadowfax.in/
IPO Snapshot
Book Running Lead Managers
- Morgan Stanley India Company Private Limited
- ICICI Securities Limited
- JM Financial Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shadowfax Technologies IPO is a Book-building IPO with a total issue size of ₹1907 crore. The Shadowfax Technologies IPO price band is ₹118 to 124 per share. The Shadowfax Technologies IPO subscription opens on Tue, Jan 20, 2026, and closes on Thu, Jan 22, 2026. The Shadowfax Technologies IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Shadowfax Technologies IPO.
The Shadowfax Technologies IPO opens on Tue, Jan 20, 2026 and closes on Thu, Jan 22, 2026
Shadowfax Technologies IPO Price Band is ₹118 to 124 per share.
Shadowfax Technologies IPO lot size is 120 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
The minimum investment for Shadowfax Technologies IPO is ₹14880, based on one lot of 120 shares at the upper price band of ₹124 per share.
Investors can apply for the Shadowfax Technologies IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jan 22, 2026. The application amount remains blocked until the Shadowfax Technologies IPO allotment is finalized.
Shadowfax Technologies IPO issue size is ₹1907 crores.
Shadowfax Technologies IPO allotment date is Wed, Jul 1, 2026.
The registrar for Shadowfax Technologies IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Shadowfax Technologies IPO allotment status, refund processing, and other IPO-related information.
The Shadowfax Technologies IPO GMP (Grey Market Premium) is ₹0 as of Fri, Jan 23, 2026. Based on the upper price band of ₹124 per share, the estimated Shadowfax Technologies IPO listing price is ₹124, indicating a potential listing gain of approximately 0% over the issue price.