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SHADOWFAX · NSE,BSE · logistics
Shadowfax Technologies IPO listed on 28 Jan 2026 on NSE,BSE at ₹112.60, a loss of 11.37% over the issue price of ₹124.00. The IPO was subscribed 2.72x overall.
Shadowfax Technologies IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 20 Jan 2026 |
| IPO Close Date | 22 Jan 2026 |
| Basis of Allotment | 23 Jan 2026 |
| Initiation of Refunds | 27 Jan 2026 |
| Credit of Shares to Demat | 27 Jan 2026 |
| Listing Date | 28 Jan 2026 |
Listing day gain
-11.37%
Listed at ₹112.6 (issue ₹124)
Issue
₹124
Listing
₹112.6
Current
₹109.98
-11.31% vs issue
Day range
₹109 – ₹119.67
Issue Size
153,812,096 shares
(aggregating up to ₹1,907.00 Cr)
Issue Price
₹118 – ₹124
Face Value
₹10/share
Market Lot
120 shares
Retail Min Investment
₹14,880
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
₹1,000 Cr
Offer for Sale
73,166,935 shares
(aggregating up to ₹907 Cr)
Issue Type
book building
Open Date
20 Jan
Close Date
22 Jan
Allotment
23 Jan
Listing
28 Jan
Last updated: 8 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 26 Jan 2026 Latest | ₹124 | ₹-4 | ₹120 | ₹-4 |
-3.23%
|
4:14 PM |
| 25 Jan 2026 | ₹124 | ₹-4 | ₹120 | ₹-4 |
-3.23%
|
5:14 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 23 Jan 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 3.81x |
| NII | 0.84x |
| bNII (bids above ₹10L) | 0.63x |
| sNII (bids below ₹10L) | 1.26x |
| Retail Investors | 2.31x |
| Employees | 2.07x |
| Total | 2.72x |
Showing the latest subscription snapshot.
View full subscription historyThe promoters of the Company are Abhishek Bansal and Vaibhav Khandelwal.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹14,880 |
| Retail (Max) | 13 | 1,560 | ₹193,440 |
| S-HNI (Min) | 14 | 1,680 | ₹208,320 |
| S-HNI (Max) | 67 | 8,040 | ₹996,960 |
| B-HNI (Min) | 68 | 8,160 | ₹1,011,840 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Employee + RII/NII |
|
Yes |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion |
No |
| Only employee | Up to Rs 5 Lakhs |
Yes |
| Only RII | Up to Rs 2 Lakhs. |
Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs |
No |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 115,056,593 (74.80%) |
|
•
Anchor Investor Shares Offered
|
69,033,955 (44.88%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
46,022,638 (29.92%) |
| NII (HNI) Shares Offered | 23,011,319 (14.96%) |
|
•
bNII > ₹10L
|
15,340,879 (9.97%) |
|
•
sNII < ₹10L
|
7,670,440 (4.99%) |
| Employees Shares Offered | 403,226 (0.26%) |
| Retail Shares Offered | 15,340,879 (9.97%) |
| Total Shares Offered | 153,812,017 (99.99%) |
Shadowfax Technologies is a technology-driven logistics and delivery solutions platform that provides express parcel delivery, reverse logistics, and value-added services to e-commerce, omni-channel retail, quick commerce, food tech, and enterprise customers. Backed by marquee investors including Flipkart, Fidelity, TPG, and others, the company leverages tech, data, and an extensive network of partners to optimize last-mile delivery operations across India.
Prominent Shareholders Selling in OFS: Flipkart India, Eight Roads Investments, International Finance Corporation, Qualcomm Asia Pacific, Nokia Growth Partners, NewQuest Asia Fund, and Miare Asset.
Competitive Position: Positioned in a high-growth logistics market driven by e-commerce and digital commerce expansion
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 1,422.89 | 1,896.48 | 2,514.66 |
| Profit After Tax (PAT) | -142.64 | -11.88 | 6.06 |
| EBITDA | -113.47 | 11.37 | 56.19 |
| Total Assets | 442.73 | 786.14 | 1,259.26 |
| Net Worth | 176.32 | 421.78 | 660.43 |
| Reserves & Surplus | 171.2 | 172.47 | 248.16 |
| Total Borrowing | 66.69 | 40.33 | 132.23 |
Revenue & Profit Trend
The basis of allotment for Shadowfax Technologies IPO was finalised on 23 Jan 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Shadowfax Technologies IPO is expected to open in Jan 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Shadowfax Technologies IPO is ₹118.00 - ₹124.00 per share.
As per market sources, Shadowfax Technologies IPO GMP is currently ₹-4.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Shadowfax Technologies IPO stands at 2.72x overall.
The listing date for Shadowfax Technologies IPO is 28 Jan 2026.
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