Shadowfax Technologies came to market through an IPO that opened on 20 January 2026 and closed on 22 January 2026, and the shares listed on 28 January 2026 on BSE, NSE. The price band was ₹118 to ₹124 per share and one lot was 120 shares, so the minimum application was ₹14,880. The issue size was ₹1907.27 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
KFin Technologies Limited was the registrar to the issue, and ICICI Securities Limited, Morgan Stanley India CompanyPrivate Limited, JM Financial Limited were the lead managers.
As of 22 January 2026.
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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.
As described in the offer document.
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ShadowFax Technologies receives Rs 856cr in anchor allocation before its initial public offering.
Of this allocation, 3.67 crores of equity shares worth 455.73 crores of rupees were allocated to nine Indian mutual funds such as ICICI Prudential AMC, Nippon Life India, Motilal Oswal AMC, Bandhan Mutual Fund, HSBC MF, Helios MF, JM Financial MF, and Trust Mutual Fund, 'in the Shadowfax Technologies Anchor book.' ICICI Prudential AMC is the biggest investor in the anchor investments, acquiring 1.53 crore equity shares worth Rs 190 crore through its four schemes such as ICICI Prudential Flexicap Fund, ICICI Prudential Balanced Advantage Fund, ICICI Prudential Transportation and Logistics Fund, and ICICI Prudential Exports and Services Fund.
Leading global names such as Morgan Stanley, Societe Generale, Government Pension Global Fund, HSBC Global Investment Funds, Eastspring Investments, TIMF Holdings, Allspring Global Investments, and Integrated Core Strategies also invested in the company through anchor book.
Abhishek Bansal, Vaibhav Khandelwal. Promoter holding 19.41% before the issue and 16.71% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shadowfax Technologies IPO was a ₹1,907.27 crore book-built issue, comprising a fresh issue of ₹1,000 crore and an offer for sale of ₹907.27 crore. It was priced at ₹118–₹124 per share with a lot size of 120 shares (₹14,880). The IPO was open from January 20 to January 22, 2026 and was subscribed 2.86x. Shares listed on BSE and NSE on January 28, 2026 at ₹112.60, a 9.2% discount to the issue price of ₹124.
KFin Technologies Limited is the registrar. ICICI Securities Limited and 2 other book running lead managers manage the issue.
The price band of Shadowfax Technologies IPO is ₹118 to ₹124 per share.
The lot size of Shadowfax Technologies IPO is 120 shares.
The minimum investment for Shadowfax Technologies IPO is approximately ₹14,880 based on the upper price band.
The allotment date of Shadowfax Technologies IPO is Jan 23, 2026.
Shadowfax Technologies IPO listed on Jan 28, 2026. It was issued at ₹112.6(NSE) and is currently around ₹271.25 as on 2-Nov-2026 3:30 PM, which is approximately 118.8% versus issue price. The 52-week high is ₹302.35.
You can check Shadowfax Technologies IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shadowfax Technologies IPO allotment status on Rupix for quick and easy access.
₹118 to ₹124 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 120 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,880.
₹14,880, for one lot of 120 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 20 January 2026 and closed on 22 January 2026.
The basis of allotment was published on 23 January 2026 by KFin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 28 January 2026 on BSE, NSE.
The issue size was ₹1907.27 crore. The fresh issue was 8,06,45,161 shares (aggregating up to ₹1000 crore). The offer for sale was 7,31,66,855 shares (aggregating up to ₹907.27 crore).