Shadowfax IPO open date is January 20, 2026 and the IPO will close on January 22, 2026. Shadowfax Technologies IPO is a Book Built Issue. The company to raise around ₹2,000 crores via IPO that comprises fresh issue of ₹1907.27 crores and offer for sale up to [.] equity shares with face value of ₹10 each
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The company reported revenue of ₹2,514.66 crores in 2025 against ₹1,896.48 crores in 2024. The company reported profit of ₹6.43 crores in 2025 against loss of ₹11.88 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
Here’s your full, detailed, original blog content in Indian English on the Shadowfax IPO — covering all the points you asked for: important dates, issue size, price band, company overview, products & services, financial snapshot, IPO objectives, allotment process, strengths, considerations and weaknesses.
📅 IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | 20 January 2026 |
| IPO Closing Date | 22 January 2026 |
| Basis of Allotment | 23 January 2026 |
| Refunds Initiated | 27 January 2026 |
| Shares Credited to Demat | 27 January 2026 |
| Listing Date | 28 January 2026 |
The Shadowfax IPO will be listed on both BSE and NSE main board
💰 Issue Size & Price Band
| Particulars | Details |
|---|---|
| Price Band | ₹118 – ₹124 per equity share |
| Face Value | ₹10 per share |
| Total Issue Size | ₹1,907.27 crore (approx) |
| Fresh Issue | ₹1,000 crore |
| Offer for Sale (OFS) | ₹907.27 crore |
The IPO comprises a fresh issue of shares worth ₹1,000 crore and an Offer For Sale of ₹907.27 crore by existing shareholders, including Flipkart, Eight Roads Ventures, Qualcomm and others.
📊 Market Lot Size & Investment Requirement
| Investor Category | Lot Size (Shares) | Approx Investment (@ ₹124) |
|---|---|---|
| Retail – Minimum | 120 shares | ₹14,880 |
| Retail – Maximum | 1,560 shares (13 lots) | ₹1,93,440 |
| S-HNI – Minimum | 1,680 shares | ₹2,08,320 |
| S-HNI – Maximum | 8,040 shares | ₹9,96,960 |
| B-HNI – Minimum | 8,160 shares | ₹10,11,840 |
Bids must be made in multiples of 120 shares.
🏢 About Shadowfax Technologies (Company Overview)
Shadowfax Technologies Ltd is a third-party logistics (3PL) and delivery solutions provider founded in June 2016, with headquarters in Bengaluru, India. The company uses technology-driven logistics platforms, proprietary routing algorithms, real-time tracking and automation to service deliveries across India.
Shadowfax operates across e-commerce express deliveries, quick commerce, hyperlocal logistics, reverse logistics, and value-added services, serving clients across a wide range of sectors. Its logistics network covers 14,758+ pin codes in India, with thousands of first-mile, last-mile and sortation hubs nationwide.
📦 Key Products & Solutions
Shadowfax provides multiple logistics and delivery solutions, such as:
- E-commerce express parcel delivery for large online marketplaces
- Quick commerce delivery for rapid fulfilment needs
- Hyperlocal services within cities and urban clusters
- Reverse logistics (pickup and returns management)
- Sortation & consolidation services across delivery networks
- Technology solutions including real-time tracking, intelligent routing, and delivery analytics
These offerings help brands and marketplaces efficiently manage deliveries across urban and semi-urban India.
📈 Financial Performance Snapshot
| Period | Revenue (₹ crore) | Profit / Loss (₹ crore) |
|---|---|---|
| 2024 | ~₹1,884.82 | ~₹-11.88 (loss) |
| 2025 | ~₹2,485.13 | ~₹6.43 (profit) |
| 2026 | ~₹1,805.64 | ~₹21.04 (profit) |
Shadowfax reported strong revenue growth, turning profitable in 2025 from a loss in 2024, and continuing profitability in 2026, supported by scale and operational expansion.
🎯 IPO Objectives (Use of Proceeds)
According to the Red Herring Prospectus, the company plans to utilise the net fresh issue proceeds for:
- Funding capital expenditure to expand & strengthen network infrastructure
- Funding lease payments for first-mile, last-mile and sort centres
- Branding, marketing and communication activities
- Potential inorganic acquisitions
- General corporate purposes
A portion of the funds will be used to enhance capacity and market reach across India.
🧾 Allotment & Listing Process
The listing timeline for the Shadowfax IPO is:
- Basis of Allotment Finalised: 23 January 2026
- Refunds Initiated: 27 January 2026
- Shares Credited to Demat Accounts: 27 January 2026
- Equity Shares Listed on NSE & BSE: 28 January 2026
Successful applicants will see shares reflected in their Demat accounts ahead of the listing date.
⭐ IPO Review – Strengths & Considerations
✔ Strengths
- Strong presence in India’s rapidly growing logistics and last-mile delivery market.
- Backed by marquee investors including Flipkart, Eight Roads Ventures, Qualcomm, Nokia Growth Partners and Mirae Asset.
- Technology-enabled operations with proprietary routing and tracking systems.
- Nationwide logistics network covering 14,758+ pin codes.
- Revenue growth and profitability trending upwards in recent periods.
⚠ Considerations
- Logistics industry is highly competitive with established peers.
- High dependence on continued throughput and demand from e-commerce clients.
- Profit margins can be thin given capital and operating costs in logistics.
- Large proportion of the issue is OFS, which will not fund company operations directly. (The Economic Times)
DISCLAMER
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
