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Shadowfax Technologies Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹124
Per Share
GMP
+₹1
+0.81% Grey Market
Est. Listing
₹125
Expected Price
Min. Application
₹29,760
2 lots × 120 shares
IPO Issue Details
Issue Price / Price Band₹124 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size120 Shares per Lot
Total Issue Size15,38,12,096 shares (agg. up to ₹1,907 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital & OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 20 Jan 2026
Subscription CloseThu, 22 Jan 2026
Anchor AllotmentMon, 19 Jan 2026
Basis of AllotmentFri, 23 Jan 2026
Initiation of RefundsTue, 27 Jan 2026
Credit of Shares to DematTue, 27 Jan 2026
Listing DateWed, 28 Jan 2026
UPI Mandate Deadline5:00 PM on 22 Jan 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹14,880 — 120 shares
Retail — Max (13 Lots)₹193,440 (13 Lots)
HNI — Min (3 Lots)₹44,640 — 360 shares
EPS (Pre-IPO)₹0.12
EPS (Post-IPO)₹0.73
P/E Ratio (Pre-IPO)1017.96x
P/E Ratio (Post-IPO)170.39x
Pre-IPO Promoter Holding49,74,88,085 shares
Post-IPO Promoter Holding57,81,33,246 shares
Fresh Issue Shares8,06,45,161 shares (agg. up to ₹1,000 Cr)
Offer for Sale Shares7,31,66,935 shares of ₹10 (agg. up to ₹907 Cr)
About Shadowfax Technologies Ltd

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.

Objects of the Issue

Shadowfax Technologies Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding of capital expenditure requirements of the Company in relation to the network infrastructure
423.43
2
Funding of lease payments for new first mile centers, last mile centers and sort centers
138.64
3
Funding of branding, marketing and communication costs
88.57
4
Unidentified inorganic acquisitions and general corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 49,74,88,085 shares
Post-IPO Promoter Holding 57,81,33,246 shares
Lock-in Period (30%)Sun, Feb 22, 2026
Lock-in Period (50%)Thu, Apr 23, 2026
Check AllotmentCheck Status →
Shadowfax Technologies Ltd — Live Price LIVE
₹124.00
INR · BSE
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Issue ₹124.00 GMP: +₹1 (+0.81%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹124
GMP+₹1
Est. Listing₹125
Lot Size120 shares
Min Amount₹29,760
Listing Date28 Jan 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹124
Listing Date28 Jan 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 153,812,017 100.00% ₹1,907.27 Cr
* Based on ₹124.00 (upper price band)
Lot Size & Investment Details
Lot Size
120
Shares
Issue Price
₹124.00
Per Share
Min Investment
₹14,880
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 120 ₹14,880
Retail (Max) 13 1,560 ₹193,440
sNII (Min) 14 1,680 ₹208,320
bNII (Min) 68 8,160 ₹1,011,840
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Sep 202531 Mar 202531 Mar 2024
Revenue from Operations 1819.80 2514.66 1896.48
EBITDA 64.34 56.19 11.37
Profit After Tax (PAT) 21.04 6.06 -11.88
Net Worth 693.53 660.43 421.78
Total Assets 1453.16 1259.26 786.14
Reserves & Surplus 281.26 248.16 172.47
Total Borrowings 147.44 132.23 40.33
Key Ratios & Valuation
Issue Price ₹124
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW 3.03
PAT Margin (%) N/A
EBITDA Margin (%) 2.86
Debt / Equity 0.21
Company Details
Company
Shadowfax Technologies Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
3rd Floor, Shilpitha Tech Park Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village,Bellandur, Varthur Hobli Bengaluru, Karnataka, 560103
Book Running Lead Managers
ICICI Securities Ltd
Book Running Lead Manager (BRLM)
Morgan Stanley India Co.Pvt.Ltd
Book Running Lead Manager (BRLM)
M Financial Ltd
Book Running Lead Manager (BRLM)