IPO Trending
SHADOWFAXEQ / NSE, BSEListed
Shadowfax Technologies

Incorporated in June 2016, Shadowfax Technologies Ltd is a technology-led logistics solutions provider in India focused on e-commerce, D2C, hyperlocal, quick commerce, and personal courier services, offering solutions such as express parcel delivery, same-day and quick commerce, hyperlocal delivery, and personal courier services through the Shadowfax Flash app. The company operates a nationwide logistics network with 4,299 touchpoints across first-mile, last-mile, and sort centres, covering 14,758 pin codes as of September 30, 2025, supported by over 3.50 million sq. ft. of operational space including 53 sort centres. Following an asset-light model, it leases facilities and linehaul while owning automation and machinery, operating over 3,000 trucks daily and supported by an average of 205,864 quarterly unique delivery partners, along with 4,472 permanent employees and 17,182 contractual workers. Shadowfax serves leading clients such as Meesho, Flipkart, Myntra, Swiggy, BigBasket, Zepto, Nykaa, Blinkit, Zomato, Uber, ONDC, and others, and plans to utilize IPO proceeds for network expansion capex, lease payments, branding and marketing, inorganic acquisitions, and general corporate purposes.

₹118 - ₹1242.86x sub
Listed Price₹113.00
Listing Gain-8.87%

IPO Schedule & Timeline

Bookbuilding IPO
Open20 Jan 2026
Close22 Jan 2026
Allotment23 Jan 2026
Listing28 Jan 2026

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor6,90,33,955 shares
44.88%
QIB4,60,22,638 shares
29.92%
HNI2,30,11,319 shares
14.96%
Retail1,53,40,879 shares
9.97%
Employee4,03,226 shares
0.26%

Minimum Application Lots

Retail1 Lot (120 shares)
₹14,880
sHNI14 Lots (1,680 shares)
₹2,08,320
bHNI68 Lots (8,160 shares)
₹10,11,840

Company Promoters

Abhishek BansalVaibhav Khandelwal

Company Background

Incorporated in June 2016, Shadowfax Technologies Ltd is a technology-led logistics solutions provider in India focused on e-commerce, D2C, hyperlocal, quick commerce, and personal courier services, offering solutions such as express parcel delivery, same-day and quick commerce, hyperlocal delivery, and personal courier services through the Shadowfax Flash a...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹1819.8 Cr
Growth+27.9%
Revenue Trend (₹ in Crores)
0.0964.01.9k2.9kMar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-251,819.8021.041,453.16147.44
Mar-252,514.666.431,259.26132.23
Mar-241,896.48-11.88786.1440.33
Mar-231,422.89-142.64442.7366.69

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-250.410%0%0170.39
Mar-250.130%0%1017.960
Mar-24-0.280%0%00

Peer Comparison & Valuation

Financial Performance

Shadowfax Technologies Limited

NAV/Share (₹)13.83
RONW(%)0.97
EPS (Basic) (₹)0.13

Blue Dart Express Limited

NAV/Share (₹)657.05
RONW(%)17.25
EPS (Basic) (₹)106.38

Delhivery Limited

NAV/Share (₹)124.77
RONW(%)1.75
EPS (Basic) (₹)2.19

Valuation

Shadowfax Technologies Limited

P/E(X)1017.96
CMP* (₹)0
Face value (₹)10.00

Blue Dart Express Limited

P/E(X)50.70
CMP* (₹)0
Face value (₹)10.00

Delhivery Limited

P/E(X)195.07
CMP* (₹)0
Face value (₹)1.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
23 Jan 2026
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
28 Jan 2026

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Shadowfax Technologies. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization23 Jan 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date28 Jan 2026Trading commences on exchange

How to Check Shadowfax Technologies Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Shadowfax Technologies from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Shadowfax Technologies IPO

Complete issue overview for Shadowfax Technologies (SHADOWFAX) IPO. The issue features an equity share price band of ₹118 – ₹124 per share with a minimum retail lot size of 120 Shares (minimum application amount of ₹14,880). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions