
Shadowfax Technologies IPO Description – Shadowfax Technologies is a new-age, technology-led third-party logistics (3PL) platform focused on enabling digital commerce at scale across India. As of 30 September 2025, its service network spanned 14,758 pin codes, supported by a nationwide infrastructure of 4,299 touchpoints across first-mile, middle-mile and last-mile operations. The company serves a diversified client base comprising horizontal and non-horizontal e-commerce platforms, quick commerce players, food marketplaces and on-demand mobility companies.
Its service portfolio includes express forward parcel deliveries, reverse pickups, hand-in-hand exchange deliveries, prime (same-day and next-day) deliveries, quick commerce, hyperlocal and mobility solutions, along with critical logistics services. Operational scale is underpinned by an asset-light model, with over 3,000 trucks deployed daily, more than 3.50 million sq. ft. of leased operational space, and 53 sort centres. The company also operates India’s largest crowdsourced last-mile delivery partner network, with 2,05,864 average quarterly unique transacting delivery partners during the six months ended 30 September 2025. As of 30 September 2025, the company had 4,472 permanent employees and 17,182 contract workers.

Promoters of Shadowfax Technologies – Abhishek Bansal, Vaibhav Khandelwal
Table of Contents
Shadowfax Technologies IPO Details
| Shadowfax Technologies IPO Dates | 20 – 22 January 2026 |
| Shadowfax Technologies Issue Price | INR 118 – 124 per share |
| Fresh issue | INR 1,000 crore |
| Offer For Sale | INR 907.27 crore |
| Total IPO size | INR 1,907.27 crore |
| Minimum bid (lot size) | 120 shares (INR 14,880) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Shadowfax Technologies Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 1,415.12 | 1,884.82 | 2,485.13 | 1,805.64 |
| Expenses | 1,565.53 | 1,908.36 | 2,508.60 | 1,798.77 |
| Net income | (142.64) | (11.88) | 6.43 | 21.04 |
| Margin (%) | 10.08 | (0.63) | 0.26 | 1.17 |
Shadowfax Technologies Offer News
- Shadowfax Technologies RHP
- Shadowfax Technologies DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Shadowfax Technologies Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026 (Post-Issue) | |
| EPS | (3.38) | (0.28) | 0.13 | 0.69 |
| PE Ratio | – | – | 907.69 – 953.85 | 171.01 – 185.51 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | (80.90) | (2.82) | 0.97 |
| NAV | 4.17 | 9.90 | 13.83 |
| EBITDA (%) | (7.18) | 1.02 | 1.96 |
| Debt/Equity | 0.38 | 0.10 | 0.20 |
Shadowfax Technologies IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| Coming soon | – | – |
Shadowfax Technologies Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding of the capital expenditure requirements of the company in relation to the network infrastructure- INR 423.43 crore
- Funding of lease payments for new first-mile centres, last-mile centres and sort centres – INR 138.64 crore
- Funding of branding, marketing and communication costs – INR 88.57 crore
- General Corporate Purposes
Shadowfax Technologies IPO Subscription – Live Updates
coming soon
() shares allotted to anchor investors are not included in these calculations.
Shadowfax Technologies – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Shadowfax Technologies | 185.51 | 0.69 | 0.97 | 13.83 | 2,514.66 |
| Blue Dart Express | 52.32 | 106.38 | 17.25 | 657.05 | 5,762.16 |
| Delhivery Limited | 218.18 | 2.14 | 1.75 | 124.77 | 9372.00 |
Shadowfax Technologies IPO Allotment Status
Shadowfax Technologies IPO allotment status will be available on the KFin Tech website. Click on this link to get the allotment status.
Shadowfax Technologies IPO Dates & Listing Performance
| IPO Opening Date | 20 January 2026 |
| IPO Closing Date | 22 January 2026 |
| Finalization of Basis of Allotment | 23 January 2026 |
| Initiation of refunds | 23 January 2026 |
| Transfer of shares to demat accounts | 27 January 2026 |
| Shadowfax Technologies IPO Listing Date | 28 January 2026 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Shadowfax Technologies IPO Reviews – Subscribe or Avoid?
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Shadowfax Technologies IPO Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025 Maharashtra, India
Tel: + 91 22 6807 7100
E-mail: [email protected]
Website: www.icicisecurities.com
Shadowfax Technologies Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No.31 and 32, Financial District,
Nanakramguda, Serilingampally, Hyderabad -500032,
Telangana India
Tel: +91 40 6716 2222/18003094001
E-mail: [email protected]
Website: www.kfintech.com
Shadowfax Technologies Contact Details
SHADOWFAX TECHNOLOGIES LIMITED
3rd Floor, Shilpitha Tech Park, Sy No. 55/3 & 55/4, Outer Ring Road,
Devarabisanahalli Village, Bellandur, Varthur Hobli,
Bengaluru – 560103, Karnataka, India.
Telephone: 080 6452 5653
Website: www.shadowfax.in
E-mail: [email protected]
Shadowfax Technologies IPO FAQs
How many shares in the Shadowfax TechnologiesIPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in the Shadowfax Technologies Public Offer?
The best way to apply for Shadowfax Technologies‘ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Shadowfax Technologies IPO GMP today?
Shadowfax Technologies IPO GMP today is INR NA per share.
What is the Shadowfax Technologies kostak rate today?
Shadowfax Technologies kostak rate today is INR NA per application.
What is Shadowfax Technologies Subject to Sauda rate today?
Shadowfax Technologies Subject to Sauda rate today is INR NA per application.



































