Shadowfax Technologies IPO: Dates, Price Band and everything you need to know
Are you looking for the next big opportunity in India's booming logistics and e-commerce sector? Shadowfax Technologies Limited, the backbone of delivery for giants like Meesho, Flipkart, and Swiggy, is launching its ₹1,907.27 Crore IPO this January!
With a massive nationwide network and a unique "asset-light" model, Shadowfax is positioning itself as a leader in the 3PL (Third-Party Logistics) space. Here is everything you need to know about the Shadowfax IPO on IPO Ji.
Shadowfax Technologies IPO Overview
The Shadowfax IPO is a mix of a Fresh Issue (₹1,000 Cr) and an Offer for Sale (₹907.27 Cr). This capital will fuel their next phase of growth, specifically targeting network infrastructure and branding.
IPO Details at a Glance
Shadowfax IPO Timetable
Don’t miss these critical dates to ensure your application is submitted on time via the IPO Ji App.
- IPO Opens: Tuesday, Jan 20, 2026
- IPO Closes: Thursday, Jan 22, 2026
- Basis of Allotment: Friday, Jan 23, 2026
- Initiation of Refunds: Tuesday, Jan 27, 2026
- Credit of Shares to Demat: Tuesday, Jan 27, 2026
- Listing Date: Wednesday, Jan 28, 2026
Investment Categories & Lot Sizes
Whether you are a retail investor or a High Net-worth Individual (HNI), here’s how much you can bid:
Allotment Probability: Will You Get Shares?
Competition is high, but knowing the "Form" counts can help you gauge your chances. These figures represent the maximum number of applications that can receive a full allotment:
📃 Retail Form Capacity: 1,27,841 Applications
📄 HNI Small Form (sNII): 4,566 Applications
📄 HNI Big Form (bNII): 9,131 Applications
If the number of applications exceeds these counts, the allotment will be done via a lottery system. Applying in the HNI categories or using multiple family members' accounts in the Retail category can sometimes improve your overall odds.
About Shadowfax Technologies Ltd.
Founded in 2016, Shadowfax has evolved into a logistics powerhouse. They don't just deliver parcels; they power the entire digital commerce ecosystem in India.
- Hyper-Local Expertise: From food delivery to 20-minute quick commerce, they serve the biggest names including Zomato, Zepto, and Blinkit.
- Massive Reach: Their network spans 14,758 pin codes across India with over 4,299 touchpoints.
- Gig-Economy Leader: They manage a fleet of over 205,864 quarterly unique transacting delivery partners, making them the largest gig-based infrastructure in the country.
Financial Performance
Shadowfax has shown a significant "path to profitability," turning a net loss in FY23 into a profit of ₹21.04 Cr in the half-year ended Sept 2025.
Why Consider the Shadowfax IPO?
- Leading Client Portfolio: Partnered with India's top e-commerce and quick-commerce platforms.
- Asset-Light Model: By leasing facilities and trucks, they remain agile and maintain high capital efficiency.
- Revenue Growth: A staggering 32.9% CAGR in total income from FY23 to FY25.
- Technological Edge: Proprietary tech stack for route optimization and fraud detection.
- Profitable Pivot: Successfully transitioned from losses to consistent profits in recent quarters.
🔔 Apply for Shadowfax IPO in a Blink!
Ready to apply? Use IPO Ji to track live subscription status, GMP (Grey Market Premium), and apply directly through your preferred UPI app.
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Disclaimer: IPO investments are subject to market risks. Please read the RHP (Red Herring Prospectus) carefully before investing.
