When does the Shadowfax Technologies IPO open and close?

The Shadowfax Technologies IPO opens on 20 Jan and closes on 22 Jan.

Where can I check the live subscription status of the Shadowfax Technologies IPO?

You can track the real-time subscription numbers using the links below: https://www.iposcanner.ai/ipo/shadowfax-technologies-ipo?tab=subscription

What is the issue size of the Shadowfax Technologies IPO?

The size of Shadowfax Technologies IPO is Total 15,38,12,016 shares(aggregating up to ₹1907.27 crore) : #Fresh Issue : 8,06,45,161 shares(aggregating up to ₹1000 crore) + #OFS : 7,31,66,855 shares(aggregating up to ₹907.27 crore).

What is the minimum investment for the Shadowfax Technologies IPO?

The minimum investment for the Shadowfax Technologies IPO is ₹14880.

What is the allotment date of the Shadowfax Technologies IPO?

The share allotment date of Shadowfax Technologies IPO is 23 Jan.

What is the Shadowfax Technologies IPO listing date?

The Shadowfax Technologies IPO will be listed on 28 Jan.

How to check Shadowfax Technologies IPO allotment status online?

Follow the steps to check the Shadowfax Technologies IPO allotment status online here: https://www.iposcanner.ai/ipo/shadowfax-technologies-ipo?tab=allotment

Who is the registrar for the Shadowfax Technologies IPO?

The registrar for the Shadowfax Technologies IPO is KFin Technologies Limited. You can check your allotment status on their official website.

Shadowfax Technologies

Open Date

20 Jan 2026

Close Date

22 Jan 2026

listed

Min Investment

₹14880

Lot Size

120 Shares

Issue Size

₹1907.27 Cr

Price Range

₹118 - ₹124

Listing Date

Jan 28, 2026

IPO Doc

RHP PDF

About Shadowfax Technologies

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Founded in 2015 , Shadowfax is a leading logistics and delivery service provider based in Bangalore, India. The company offers a comprehensive range of services, including rapid parcel delivery, same-day and next-day delivery, doorstep-to-doorstep exchange, and Quick Commerce with 10-minute delivery times. Shadowfax has established a strong presence in the logistics sector, covering over 18,000 pin codes across more than 2,500 cities. With an impressive capacity of delivering over two million packages daily, the company is renowned for its swift service, often delivering packages within 30 to 60 minutes of order placement. This rapid delivery capability is becoming increasingly common in India.

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Shadowfax Technologies IPO - Issue Objectives

The company will use ₹423.43 crore towards network infrastructure. ₹138.64 cr will fund lease payments for new logistics centres. The company will use ₹88.57 crore for branding, marketing and communication costs. IPO funds for acquisitions, general use & expenses.

Funding for capex

42.34%

Funding for Opex

13.86%

Marketing and advertising expenses

8.86%

General corporate purposes

34.94%

Funding for capex

The company will use ₹423.43 crore towards network infrastructure.

42.34%

Funding for Opex

₹138.64 cr will fund lease payments for new logistics centres.

13.86%

Marketing and advertising expenses

The company will use ₹88.57 crore for branding, marketing and communication costs.

8.86%

General corporate purposes

IPO funds for acquisitions, general use & expenses.

34.94%

IPO Subscription Status

Retails

2.27x

QIB

0.85x

NII

0.83x

Financials of Shadowfax Technologies

In Cr.

Revenue: ₹1,819.8

EBITDA: ₹64.34

Profit: ₹21.04

Total Income

EBITDA

Total Profit

Negative Value

Key Performance Indicator	30-Sep-25 (In Cr.)	31-Mar-25 (In Cr.)	31-Mar-24 (In Cr.)	31-Mar-23 (In Cr.)
Revenue	1819.80	2514.66	1896.48	1422.89
EBITDA	64.34	56.19	11.37	-113.47
Expenses
Profit After Tax	21.04	6.43	-11.88	-142.64
Assets	1453.16	1259.26	786.14	442.73
Net Worth	693.53	660.43	421.78	176.32
Reserves	281.26	248.16	172.47	171.20
Borrowing	147.44	132.23	40.33	66.69

Shadowfax Technologies - Promoter(s)

Abhishek Bansal

Vaibhav Khandelwal

Pre Issue Share Holding

19.41%

Post Issue Share Holding

16.71%

About Strength & Risks

Strengths5Risks4

Why this IPO looks interesting

Key positives investors may want to consider before applying.

Offers e-commerce and hyperlocal delivery

The company is the only third-party logistics (3PL) player in India that offers end-to-end e-commerce delivery at scale and also operates hyperlocal/quick commerce deliveries at scale. This enables customers to have a single logistics partner for multiple delivery requirements, thus increasing the client-partner relationship and the share of the client's wallet.

Strong client relationships

Most of the top customers of the company engage several service lines like express delivery, hyperlocal, reverse logistics, same-day delivery, etc. Such a deep integration leads to less customer churn and more long-term revenue visibility. Besides, the company was involved in designing delivery solutions with its large clients, e.g. hand-in-hand exchange and faster delivery timelines, which indicate strong operational trust.

Largest gig-based last-mile delivery network

The company runs the biggest crowdsourced last-mile delivery fleet in India among the 3PL players. It has 205,864 average quarterly active delivery partners in H1FY26 and operations across 2,300+ cities. The gig fleet is utilised for different services (e-commerce, quick commerce, hyperlocal), which results in high efficiency of the fleet and hence low delivery costs.

Nationwide network and asset-light model

The company delivers services to 14,758 pin codes through 4,299+ touchpoints in India. It also receives support from automated sort centres and follows an asset-light leased infrastructure model. As a result, the company has demonstrated a very strong growth potential and achieved industry-leading capital efficiency, with a capital turnover ratio reaching 3.96x in FY25, which is the highest among 3PL peers.

Strong in-house technology

The company's own platform Frodo, SF Shield and SF Maps, harness AI and data analytics to coordinate delivery partners, detect fraud, and increase routing accuracy. This technology-driven business model reduces per-order costs, increases delivery dependability, and allows multiple service lines to be run on one scalable platform.

Contact Details

Shadowfax Technologies

3rd Floor, Shilpitha Tech Park Sy No. 55/3 & 55/4 Outer Ring Road, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bengaluru - 560103 Karnataka

08064525653

[email protected]

https://www.shadowfax.in/

Registrar Contact Details

KFin Technologies Limited

04067162222

[email protected]

https://ipostatus.kfintech.com/

Shadowfax Technologies IPO - FAQs

Shadowfax Technologies IPO is a Mainboard Listed IPO. The issue is priced at ₹118 to ₹124 per share. The minimum order quantity is 120 Shares. The IPO opens on 20 Jan, and closes on 22 Jan. KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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