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SHADOWFAX
Shadowfax Technologies IPO, a Mainboard IPO was listed on the exchange on January 28, 2026. The price band is set between ₹118 –124 , with a face value of ₹10 . Retail investors can apply with a minimum of 1 lot, each comprising 120 shares — amounting to ₹14,880 at the upper price.
Shadowfax Technologies IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Shadowfax Technologies IPO MAINBOARD Important Dates
Get important updates regarding Shadowfax Technologies IPO MAINBOARD tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
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
Open Date
Jan 20
Close Date
Jan 22
Allotment
Jan 23
Listing
Jan 28
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
Last updated: 2 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 |
| 24 Jan 2026 | ₹124 | ₹-4 | ₹120 | ₹-4 |
-3.23%
|
4:14 PM |
| 23 Jan 2026 | ₹124 | ₹0 | ₹124 | ₹0 |
0%
|
4:13 PM |
| 22 Jan 2026 | ₹124 | ₹0 | ₹124 | ₹0 |
0%
|
6:39 PM |
| 21 Jan 2026 | ₹124 | ₹1.5 | ₹125.5 | ₹1.5 |
1.21%
|
4:08 PM |
| 20 Jan 2026 | ₹124 | ₹4 | ₹128 | ₹4 |
3.23%
|
12:40 PM |
| 19 Jan 2026 | ₹124 | ₹6 | ₹130 | ₹6 |
4.84%
|
12:40 PM |
| 18 Jan 2026 | ₹124 | ₹10 | ₹134 | ₹10 |
8.06%
|
1:26 PM |
| 17 Jan 2026 | ₹124 | ₹9 | ₹133 | ₹9 |
7.26%
|
6:00 PM |
| 16 Jan 2026 | ₹124 | ₹15 | ₹139 | ₹15 |
12.1%
|
2:08 PM |
| 15 Jan 2026 | ₹124 | ₹16 | ₹140 | ₹16 |
12.9%
|
1:08 PM |
| 14 Jan 2026 | ₹124 | ₹16 | ₹140 | ₹16 |
12.9%
|
4:30 PM |
Latest snapshot: Jan 23, 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 |
The promoters of the Company are Abhishek Bansal and Vaibhav Khandelwal.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| 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 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| 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 Latest |
|---|---|---|---|
| Total Revenue | 1,422.89 | 1,896.48 |
2,514.66
↑ 32.6%
|
| Profit After Tax (PAT) | -142.64 | -11.88 |
6.06
↑ 151.0%
|
| EBITDA | -113.47 | 11.37 |
56.19
↑ 394.2%
|
| Total Assets | 442.73 | 786.14 |
1,259.26
↑ 60.2%
|
| Net Worth | 176.32 | 421.78 |
660.43
↑ 56.6%
|
| Reserves & Surplus | 171.2 | 172.47 |
248.16
↑ 43.9%
|
| Total Borrowing | 66.69 | 40.33 |
132.23
↑ 227.9%
|
Revenue & Profit Trend
The Shadowfax Technologies IPO is expected to open in January, 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 January 28, 2026.
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