Shadowfax IPO Date, Review, Price, Allotment Details
Shadowfax Technologies IPO will open for subscription on January 20, 2026, and close on January 22, 2026. It is a Book Built Issue through which the company aims to raise approximately ₹1,907 crores. The IPO comprises a fresh issue of ₹1,000 crores along with an offer for sale of up to 7,31,66,935 equity shares, each with a face value of ₹10.
The price band for the Shadowfax Technologies IPO is set between ₹118 and ₹124 per share. The issue allocation includes 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to be listed on both BSE and NSE on January 28, 2026, with allotment scheduled for January 23, 2026.
Financially, the company reported revenue of ₹2,514.66 crores in FY2025, up from ₹1,896.48 crores in FY2024. The company turned profitable with a net profit of ₹6.06 crores in FY2025, compared to a loss of ₹11.88 crores in the previous year. Based on these financials, the IPO may be considered suitable for long-term investors.
Shadowfax Technologies IPO Details
IPO Open Date January 20, 2026 IPO Close Date January 22, 2026 Face Value ₹10 Per Equity Share IPO Price Band ₹118 to ₹124 Per Share Issue Size Approx ₹1907.27 Crores Fresh Issue Approx ₹1,000 Crores Offer for Sale: Approx 7,31,66,935 Equity Shares Issue Type Book Built Issue IPO Listing BSE, NSE DRHP Draft Prospectus 
RHP Draft Prospectus
Shadowfax Technologies IPO Market Lot
The minimum market lot for the Shadowfax IPO is 120 shares, requiring an application amount of ₹14,880. Retail investors can apply for up to 13 lots, totaling 1,560 shares with a maximum investment of ₹1,93,440.
Application Lot Size Shares Amount Retail Minimum 1 120 ₹14,880 Retail Maximum 13 1,560 ₹1,93,440 S-HNI Minimum 14 1,680 ₹2,08,320 S-HNI Maximum 67 8,040 ₹9,96,960 B-HNI Minimum 68 8,160 ₹10,11,840
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor – Shares -% QIB (Ex. Anchor) – Shares 75% NII Shares Offered – Shares 15% Retail Shares Offered – Shares 10%
Shadowfax Technologies IPO Anchor Investors
Anchor Bidding Date January 19, 2026 Anchor Investors List Shares Offered [.] Shares Anchor Size [.] Cr. lock-in period end date 50% shares (30 Days) February 22, 2026 lock-in period end date 50% shares (90 Days) April 23, 2026
Shadowfax Technologies IPO Dates
The Shadowfax IPO will open on January 20 and close on January 22. The allotment of shares is expected to be finalized on January 23, while the IPO is scheduled to list on January 28.
IPO Open Date: January 20, 2026 IPO Close Date: January 22, 2026 Basis of Allotment: January 23, 2026 Refunds: January 27, 2026 Credit to Demat Account: January 27, 2026 IPO Listing Date: January 28, 2026 IPO Bidding Cut-off Time: January 22, 2026 – 5 PM
Promoters and Holding Pattern
The company is promoted by Abhishek Bansal and Vaibhav Khandelwal.
Particular Shares % Share Promoter Holding Pre-Issue 49,74,88,085 19.13% Promoter Holding Post Issue 57,81,33,246 -%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores Funding of capital expenditure requirements of our Company in relation to our network infrastructure; ₹423.43 Funding of lease payments for new first-mile centers, last-mile centers, and sort centers; ₹138.64 Funding of branding, marketing, and communication costs; and ₹88.57 Unidentified inorganic acquisitions and general corporate purposes ₹-
About Shadowfax Technologies IPO
Shadowfax is a modern, technology-driven logistics company that leverages digital tools to support e-commerce operations. Its platform efficiently manages a wide range of deliveries, including urgent and flexible shipments, for clients such as Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Zomato, and others.
As of March 31, 2025, Shadowfax is recognized as the fastest-growing large third-party logistics (3PL) company in India. Its share of the e-commerce shipment market has grown significantly, rising from approximately 8% in FY2022 to around 21% in the three months ended June 30, 2025. In the express services segment, the company leads the market in reverse pickup shipments by order volume for both FY2025 and the three months ended June 30, 2025.
Shadowfax IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹1,422.89 ₹1,565.53 ₹142.64 ₹442.73 2024 ₹1,896.48 ₹1,908.36 ₹11.88 ₹786.14 2025 ₹2,514.66 ₹2,508.60 ₹6.06 ₹1,259.26 September 2025 ₹1,819.80 ₹1,798.77 ₹21.04 ₹1,453.16
Shadowfax Technologies IPO Valuation – FY2025
Check Shadowfax IPO valuation details, including Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
KPI Values ROE: -% ROCE: -% EBITDA Margin: -% PAT Margin: -% Debt to equity ratio: – Earning Per Share (EPS): ₹0.13 (Basic) Price/Earning P/E Ratio: N/A Return on Net Worth (RoNW): 0.97% Net Asset Value (NAV): ₹13.83
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Blue Dart Express Limited 106.38 50.70 17.25 657.05 5,762.16 Cr. Delhivery Limited 2.19 195.07 1.75 124.77 9,372.01 Cr.
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Morgan Stanley India Company Private Limited
- JM Financial Limited
Company Address
Shadowfax Technologies Ltd.
1st Floor, Appek Building, 93/A
4th B Cross Rd, 5th Block,
Koramangala,
Bengaluru, Karnataka, 560095
Email: hello@shadowfax.in
Website: https://www.shadowfax.in/
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/18003094001
Email: shadowfax.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/