Founded in 2016, Shadowfax Technologies Ltd is a major Indian logistics company specializing in e-commerce and express parcel delivery, along with a range of value-added services. Its core offerings encompass e-commerce and D2C delivery, hyperlocal and quick commerce services fulfilled within hours or the same day, and SMS and personal courier services via its Flash app.

As of September 30, 2025, the company operates an extensive nationwide network of 4,299 touchpoints serving 14,758 pin codes, supported by over 3.50 million square feet of operational space, which includes 53 sortation centers. Its dedicated daily fleet exceeds 3,000 trucks, and its platform engages over 205,000 Average Quarterly Unique Transacting Delivery Partners.

The company serves a prominent client base, including Meesho, Flipkart, Swiggy, Nykaa, Zepto, Blinkit, and Zomato, positioning it as a large-scale, integrated provider for last-mile and end-to-end e-commerce, quick commerce, food delivery, and hyperlocal logistics. Financially, Shadowfax reported revenue of ₹2,514.66 crores in 2025, up from ₹1,896.48 crores in 2024, and turned profitable with a net profit of ₹6.43 crores, reversing a loss of ₹11.88 crores the previous year.

The company’s Initial Public Offering (IPO) is a Book Built Issue aiming to raise approximately ₹2,000 crores, with a price band set between ₹118 and ₹124 per share. The IPO opens on January 20, 2026, and closes on January 22, 2026, with allotment finalized on January 23 and listing on the BSE and NSE scheduled for January 28, 2026. The share allocation is set at 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs).

Shadowfax Technologies IPO Details

IPO Date	January 20, 2026 to January 22, 2026
Listing Date	Wed, Jan 28, 2026
Face Value	₹10 per share
Price Band	₹118 to ₹124
Lot Size	120 Shares
Issue Size	Approx ₹1907.27 Crores
Fresh Issue	Approx ₹1,000 Crores
Issue Type	Book building IPO
Listing At	BSE, NSE
Share Holding Pre Issue	49,74,88,085 shares
Share Holding Post Issue	57,81,33,246 shares

Shadowfax Technologies IPO Dates

Initial Public Offering (IPO) of Shadowfax Technologies opens for subscription on January 20, 2026, and will close on January 22, 2026. The basis of allotment is set to be finalized on January 23, 2026, and the equity shares are scheduled to list on the stock exchanges on January 28, 2026.

IPO Open Date	Tue, Jan 20, 2026
IPO Close Date	Thu, Jan 22, 2026
Tentative Allotment	Fri, Jan 23, 2026
Refunds	Tue, Jan 27, 2026
Credit of Shares to Demat	Tue, Jan 27, 2026
Tentative Listing Date	Wed, Jan 28, 2026

Shadowfax Technologies IPO Market Lot

Minimum bid lot for the IPO is set at 120 shares, and investors must apply in multiples of this lot size.

Application	Lot Size	Shares	Amount
Retail Minimum	1	120	₹14,880
Retail Maximum	13	1,560	₹1,93,440
S-HNI Minimum	14	1,680	₹2,08,320
S-HNI Maximum	67	8,040	₹9,96,960
B-HNI Minimum	68	8,160	₹10,11,840

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Shadowfax Technologies IPO Update: Allotment, Listing & Financial Highlights