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SHADOWFAXEQ / NSE, BSEListed

Shadowfax Technologies Limited

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 Price113.00
Listing Gain-8.87%
Subscription2.86x total demandUpdated 28 Jan 2026, 04:15 AM
QIB4.00x
Popular / Warm DemandOffered: 4,60,22,638 sh
Nib0.88x
Steady / DevelopingOffered: 2,30,11,319 sh
Hnis(10l +)0.66x
Steady / DevelopingOffered: 1,53,40,879 sh
Hnis (2-10l)1.33x
Fully Subscribed (Safe)Offered: 76,70,440 sh
Retail2.42x
Fully Subscribed (Safe)Offered: 1,53,40,879 sh
Employees2.17x
Fully Subscribed (Safe)Offered: 4,03,226 sh
CategoryOfferedAppliedTimes
QIB4,60,22,63818,40,33,8004x
Nib2,30,11,3192,03,13,8400.88x
Hnis(10l +)1,53,40,8791,01,19,6000.66x
Hnis (2-10l)76,70,4401,01,94,2401.33x
Retail1,53,40,8793,71,64,7202.42x
Employees4,03,2268,76,0002.17x
Segment Subscription Demand
Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB2,282.02570.684.00x
Fiis1,361.350Open
Fis68.540Open
Mutual Funds710.190Open
Others141.950Open
Retail460.84190.232.42x
Hnis 2+126.4195.111.33x
Hnis 10+125.48190.230.66x
Employees10.8652.17x
Application-wise Breakup
CategoryReservedAppliedTimes Sub.
Retail1,27,8412,29,0701.79x
Employees05,123Open
Hnis(10l +)9,1311,1220.12x
Hnis (2-10l)4,5665,4171.19x