Shadowfax Technologies – IPO
Shadowfax Technologies – IPO Details
| IPO Date | January 20, 2026 to January 22, 2026 |
| Listing Date | January 28, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 118 to ₹ 124 / Share |
| Lot Size | 120 Shares |
| Total Issue Size | 15,38,12,096 shares (Aggregating up to ₹1,907 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | |
| Listing At | |
| Share holding pre issue | 49,74,88,085 shares |
| Share holding post issue | |
| Market Maker portion |
Shadowfax Technologies Timeline (Tentative Schedule)
Shadowfax Technologies IPO opens on January 20, 2026, and closes on January 22, 2026.
| IPO Open Date | January 20, 2026 |
| IPO Close Date | January 22, 2026 |
| Basis of Allotment | January 23, 2026 |
| Initiation of Refunds | January 27, 2026 |
| Credit of Shares to Demat | January 27, 2026 |
| Listing Date | January 28, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Shadowfax Technologies IPO Lot Size
Investors can bid for a minimum of 120 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | Rs.14,880 |
| Retail (Max) | 13 | 1,560 | Rs.193,440 |
| S-HNI (Min) | 14 | 1,680 | Rs.208,320 |
| S-HNI (Max) | 67 | 8,040 | Rs.996,960 |
| B-HNI (Min) | 68 | 8,160 | Rs.1,011,840 |
| HNI (Min) |
Shadowfax Technologies IPO Promoter Holding
| Share Holding Pre Issue | 19.13% |
| Share Holding Post Issue |
Shadowfax Technologies IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not less than 75% |
|
| NII (HNI) Shares Offered | Not more than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not more than 10% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Shadowfax Technologies IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
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.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | 0.21 |
| RoNW | 3.03 |
| P/BV | |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objects of the Issue (Shadowfax Technologies IPO Objectives)
Shadowfax Technologies Contact Details
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 |
Shadowfax Technologies IPO Registrar
Kfin Technologies Ltd.
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