Shadowfax Technologies IPO Details, Financials, Valuation & Peers
Explore Shadowfax Technologies IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Shadowfax Technologies Ltd. is an India-based logistics and supply chain solutions company. Its core business is providing e-commerce and technology-enabled delivery services.
The company's main products and services include express parcel delivery, e-commerce and direct-to-consumer deliveries, rapid hyperlocal and quick-commerce fulfillment with same-day or within-hours delivery, and SMS and personal courier services via the Shadowfax Flash application.
Shadowfax's industry focus is on supporting online, D2C, and hyperlocal businesses.
Key highlights include:
- A large-scale, nationwide logistics infrastructure with 4,299 operational touchpoints covering 14,758 pin codes across India as of September 30, 2025.
- Over 3.50 million square feet of operational space, including 53 sort centers.
- An asset-light model utilizing leased facilities and transportation, while owning critical automation systems.
- A dedicated daily fleet of over 3,000 trucks through its linehaul network.
Objects of the Issue
- Funding of capital expenditure requirements of the Company in relation to the network infrastructure
- Funding of lease payments for new first mile centers, last mile centers and sort centers
- Funding of branding, marketing and communication costs
- Unidentified inorganic acquisitions and general corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 20 Jan - 22 Jan 2026 |
| IPO Price Band | ₹118 - ₹124 per share |
| Fresh Issue | ₹1,000.00 crore |
| Offer For Sale | ₹907.27 crore |
| Total IPO Size | ₹1,907.27 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 20 Jan 2026 |
| IPO Closing Date | 22 Jan 2026 |
| Basis Of Allotment | 23 Jan 2026 |
| Refunds | 27 Jan 2026 |
| Demat Transfer | 27 Jan 2026 |
| IPO Listing Date | 28 Jan 2026 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 30 Sep 2025 |
|---|---|---|---|---|
| Assets | 442.73 | 786.14 | 1,259.26 | 1,453.16 |
| Total Income | 1,422.89 | 1,896.48 | 2,514.66 | 1,819.80 |
| Profit After Tax | -142.64 | -11.88 | 6.06 | 21.04 |
| EBITDA | -113.47 | 11.37 | 56.19 | 64.34 |
| NET Worth | 176.32 | 421.78 | 660.43 | 693.53 |
| Reserves and Surplus | 171.20 | 172.47 | 248.16 | 281.26 |
| Total Borrowing | 66.69 | 40.33 | 132.23 | 147.44 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Shadowfax Technologies Ltd. | 953.85 | 0.13 | 0.97 | 13.83 |
| Blue Dart Express Limited | 50.7 | 106.38 | 17.25 | 657.05 |
| Delhivery Limited | 195.07 | 2.14 | 1.75 | 124.77 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 75% of the Net Offer |
| Retail Individual Investor (RII) | Not more than 10% of the Net Offer |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 4 |
| Non-Institutional Investor (NII/HNI) | 0.88 |
| Retail Individual Investor (RII) | 2.43 |
| Total | 2.86 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Lead Managers
- ICICI Securities Ltd.
- JM Financial Ltd.
- Morgan Stanley India Co.Pvt.Ltd.
Company Address
Shadowfax Technologies Ltd.
3rd Floor, Shilpitha Tech Park
Sy No. 55/3 & 55/4, Outer Ring Road,
Devarabisanahalli Village,Bellandur, Varthur Hobli
Bengaluru, -560103
Website: https://www.shadowfax.in/
Phone:
Email: hello@shadowfax.in
FAQs
- What is the issue size of the Shadowfax Technologies IPO?The Shadowfax Technologies IPO has an issue size of ₹1,907.27 crore. This includes a fresh issue of ₹1,000.00 crore and an offer for sale (OFS) of ₹907.27 crore.
- What is the price band of the Shadowfax Technologies IPO?The price band for the Shadowfax Technologies IPO is ₹118 - ₹124 per share.
- What are the bidding dates for the Shadowfax Technologies IPO?The Shadowfax Technologies IPO will open for bidding on 20 Jan 2026 and close on 22 Jan 2026.
- What is the allotment date for the Shadowfax Technologies IPO?The allotment date for the Shadowfax Technologies IPO is 23 Jan 2026.
- What is the minimum lot size and investment required for the Shadowfax Technologies IPO?The minimum lot size for the Shadowfax Technologies IPO is 120 shares and the minimum investment required is ₹14,880.
- What is the listing date for the Shadowfax Technologies IPO?The listing date for the Shadowfax Technologies IPO is 28 Jan 2026.
- What is the Shadowfax Technologies IPO grey market premium?The grey market premium (GMP) for the Shadowfax Technologies IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.