Shadowfax Technologies IPO
Shadowfax Technologies IPO is priced at ₹118–₹124 per share with an issue size of 15,38,12,096 shares (agg. up to ₹1,907 Cr). The IPO opens on Jan 20, 2026 and closes on Jan 22, 2026, with a lot size of 120 shares and a minimum investment of ₹14,880.
Shadowfax Technologies IPO
- IPO Dates
- Jan 20, 2026 – Jan 22, 2026
- Price band
- ₹118-124 per equity share
- Minimum Investment
- ₹14,880
- Issue size
- 15,38,12,096 shares (agg. up to ₹1,907 Cr)
- Lot size
- 120
- Allotment Date
- Jan 23, 2026
- Listing
- Jan 28, 2026
- Listing At
- BSE, NSE
IPO timeline
-
Jan 20, 2026
Open Date
Completed
-
Jan 22, 2026
Close Date
Completed
-
Jan 23, 2026
Allotment Date
Completed
-
Jan 28, 2026
Listing Date
Completed
Shadowfax Technologies IPO Essentials
Shadowfax Technologies IPO Details
Shadowfax Technologies IPO is priced at ₹118-124 per share with a total issue size of 15,38,12,096 shares (agg. up to ₹1,907 Cr). The IPO has a lot size of 120 shares and will be listed on BSE and NSE.
- Issue price
- ₹118-124 per equity share
- Lot size
- 120 shares
- Face value
- ₹10 per share
- Issue size
- 15,38,12,096 shares (agg. up to ₹1,907 Cr)
- Listing at
- BSE, NSE
- Listing date
- Registrar
- Kfin Technologies Ltd.
- Lead manager
-
ICICI Securities Ltd.,, Morgan Stanley India Co.Pvt.Ltd.,, JM Financial Ltd.
Market Lot Size
Investors can bid for a minimum of 120 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 120 | ₹14880 |
| Retail(max) | 13 | 1560 | ₹193440 |
| sHNI(min) | 14 | 1680 | ₹208320 |
| sHNI(max) | 67 | 8040 | ₹996960 |
| sHNI(min) | 68 | 8160 | ₹1011840 |
Shadowfax Technologies IPO Analytics
Shadowfax Technologies Valuations
Earnings
- EPS Pre IPO
- ₹0.12/-
- EPS Post IPO
- ₹0.73/-
- P/E Pre IPO
- 1017.96
- P/E Post IPO
- 170.39
Returns
- RoNW
- 0.97
Fundamentals
- Debt / Equity
- 0.20
- Price / Book
- 8.97
- Market Cap
- 7168.9 Cr.
Shadowfax Technologies Financials( In Crs.)
| 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 1,453.16 | 1,259.26 | 786.14 | 442.73 |
| Revenue | 1,819.80 | 2,514.66 | 1,896.48 | 1,422.89 |
| Profit After Tax | 21.04 | 6.06 | -11.88 | -142.64 |
| Net Worth | 693.53 | 660.43 | 421.78 | 176.32 |
| Reserves & Surplus | 281.26 | 248.16 | 172.47 | 171.20 |
| Total Borrowing | 147.44 | 132.23 | 40.33 | 66.69 |
Shadowfax Technologies Company & Offer Insights
About Shadowfax Technologies
Incorporated in June 2016, Shadowfax Technologies Ltd is a logistics solution provider company in India. The company offers e-commerce express parcel delivery and a suite of value-added offerings.
Its service offerings include e-commerce and D2C delivery, hyperlocal & quick commerce within hours or same day, and SMS & personal courier services through Shadowfax's Flash app.
The company's nationwide logistics network includes 4,299 touchpoints across first- and last-mile centres and sort centres as of September 30, 2025, serving 14,758 pin codes. It is supported by over 3.50 million sq ft of operational space, including 53 sort centres covering 1.80 million sq ft, for shipment consolidation, sorting, and dispatch.
The company leases its logistics facilities and linehaul, owning automation and machinery for control.
It operates a dedicated fleet of over 3,000 trucks daily as part of its asset-light linehaul network.
As of September 30, 2025, the company's platform had 205,864 Average Quarterly Unique Transacting Delivery Partners.
The company's clients include Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber, Pincode, Purplle, Licious, ONDC, Magicpin, among others. This makes them the only large-scale provider for last-mile and end-to-end e-commerce delivery, as well as quick commerce, food delivery, and hyperlocal services.
By September 30, 2025, the company's e-commerce logistics network spanned 14,758 pin codes throughout India.
As of September 30, 2025, the company had 4,472 permanent employees and 17,182 contract workers.
Competitive Strength:
Agile and customisable logistics services that enable faster go-to-market for clients.
Largest last-mile gig-based delivery partner infrastructure.
Network infrastructure serves as the backbone of our efficient and scalable delivery system.
Proprietary and agile technology capabilities.
Proven business model, with focus on profitability, while delivering healthy growth.
Experienced management team supported by entrepreneurial founders.
Shadowfax Technologies Promoter(s)
Abhishek Bansal, Vaibhav Khandelwal are the company's promoters of Shadowfax Technologies.
Shadowfax Technologies IPO Issue Objectives
- •
- 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
Shadowfax Technologies IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Shadowfax Technologies Ltd. | 0.13 | 0.13 | 13.83 | N/A | N/A | N/A | Consolidated |
| Blue Dart Express Limited | 106.38 | 106.38 | 657.05 | 50.7 | N/A | 9.34 | Consolidated |
| Delhivery Limited | 2.19 | 2.14 | 124.77 | 195.07 | N/A | 2.06 | Consolidated |
Notes:
- All financial information for the listed industry peers mentioned above is presented on a consolidated basis and sourced from the annual reports or audited results of the respective companies for the year ended March 31, 2025, unless otherwise specified.
- P/B ratio is calculated as the closing share price on January 8, 2026, quoted on NSE/ NAV as at March 31, 2025.
Contact Information
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
Registrar Contact Details
Kfin Technologies Ltd.
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Shadowfax Technologies IPO is a book-built IPO worth ₹15,38,12,096 shares (agg. up to ₹1,907 Cr). The price band is ₹118–₹124 per share. The IPO opens on Jan 20, 2026 and closes on Jan 22, 2026. It will be listed on BSE and NSE. Kfin Technologies Ltd. is the registrar.
The price band of Shadowfax Technologies IPO is ₹118 to ₹124 per share.
The lot size of Shadowfax Technologies IPO is 120 shares.
The minimum investment for Shadowfax Technologies IPO is approximately ₹14,880 based on the upper price band .
Shadowfax Technologies IPO opens on Jan 20, 2026 and closes on Jan 22, 2026.
The allotment date of Shadowfax Technologies IPO is Jan 23, 2026.
Shadowfax Technologies IPO is expected to be listed on Jan 28, 2026, on BSE and NSE .
The Grey market premium (GMP) for Shadowfax Technologies IPO indicates market sentiment and potential listing expectations based on unofficial trading activity.
Shadowfax Technologies IPO valuation snapshot: P/E 170.39, EPS ₹0.73/-, P/B 8.97, RoNW 0.97, and market cap 7168.9 Cr.
To apply for Shadowfax Technologies IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Shadowfax Technologies IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Shadowfax Technologies IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Shadowfax Technologies IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shadowfax Technologies IPO allotment status on IPO Ji for quick and easy access.