Shadowfax Technologies Limited IPO
Logistics Solution Provider · DRHP 28 Oct 2025 · listed 28 Jan 2026
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- Issue price
- ₹124.00
- band ₹118.00 to ₹124.00
- Issue size
- ₹1,907.3 cr
- fresh ₹1,000 cr · OFS ₹907 cr
- Lot
- 120 shares
- ₹14,880 at the top of the band
- Subscription window
- 20 Jan to 22 Jan
- 2026
- Listing
- 28 Jan 2026
- NSE
- Subscribed
- 1.0x
- retail 1.8x
About the Shadowfax Technologies IPO
Shadowfax Technologies Limited raised ₹1,907 crore through a mainboard IPO on NSE and BSE: a fresh issue of ₹1,000 crore and an offer for sale of ₹907 crore. The fresh issue goes to the company; the offer for sale goes to the shareholders selling.
Bidding ran Tue 20 Jan to Thu 22 Jan, at an issue price of ₹124 a share, in lots of 120 shares. The shares listed on 28 Jan 2026.
The book-running lead managers are ICICI Securities Limited, Morgan Stanley India Company Private Limited and JM Financial Limited. The registrar, which handles allotment, is KFin Technologies Limited.
The issue was subscribed 0.97 times overall, with the retail portion at 1.75 times, as the exchange's bid book showed.
The draft offer document was filed on 28 Oct 2025.
newboard writes its studies from the offer document before an issue lists, and this one listed without one. The figures on this page are the exchange's and the offer document's, each with its source.
Shadowfax Technologies IPO: questions answered
When was the Shadowfax Technologies IPO open, and what were the price band and lot size?
Bidding ran Tue 20 Jan to Thu 22 Jan. The issue price is ₹124 a share. One lot is 120 shares, ₹14,880 at the upper end of the band.
When did the Shadowfax Technologies IPO list?
The shares listed on 28 Jan 2026 on NSE and BSE.
How do I check the Shadowfax Technologies IPO allotment status?
Allotment is finalised by the registrar, KFin Technologies Limited, usually the working day after the issue closes. Check it on the registrar's website or on BSE and NSE with a PAN, application number or DP ID. Shares not allotted have their blocked amount released by the refund date.
The Shadowfax Technologies IPO allotment status page, with the direct links
Who are the registrar and lead managers of the Shadowfax Technologies IPO?
The book-running lead managers are ICICI Securities Limited, Morgan Stanley India Company Private Limited and JM Financial Limited. The registrar, which handles applications and allotment, is KFin Technologies Limited.
How many times was the Shadowfax Technologies IPO subscribed?
0.97 times overall, as the exchange's bid book last showed: qualified institutions 0.85 times, non-institutional investors 0.95 times and retail 1.75 times.
Is the Shadowfax Technologies IPO a fresh issue or an offer for sale?
A fresh issue of ₹1,000 crore, which goes to the company, and an offer for sale of ₹907 crore, which goes to the shareholders selling (48% of the issue).
What is the Shadowfax Technologies IPO GMP?
newboard does not publish a grey-market premium. Grey-market deals happen outside the stock exchanges, are not regulated, and leave no public record of who traded at what price. What is on record is the offer document, read on this page, and the exchanges' bid book.
Where the money went
The monitoring agency's report for the quarter to 30 Sept 2026: each object in the offer document and how much of it had been used by then.
| Object | Proposed, ₹ crore | Used, ₹ crore |
|---|---|---|
| Funding of branding, marketing and communication costs | 88.6 | 11.1 |
| Funding of capital expenditure requirements of our Company in relation to our network infrastructure | 423.4 | 198.2 |
| Funding of lease payments for new first mile centers, last mile centers and sort centers | 138.6 | 17.0 |
| Issue expenses | 57.4 | 55.5 |
| Total | 1,000.0 | 289.4 |
| Unidentified inorganic acquisitions and general corporate purposes | 291.9 | 7.6 |
Shadowfax Technologies IPO: the next step, on Telegram
A message when there is news on each use-of-proceeds report the company files. Free, no account, leave in one tap. Send /stop to end it.
Not on this page yet: an offer-document study, the peer table the issuer printed. Each is added when the pipeline extracts it from the offer document.
The figures on this page are the company's own, taken from its filings with the exchanges and SEBI, and every number links to the document and page it came from. They are reproduced as stated, not verified independently, and they are not forecasts by newboard.in. Nothing here is investment advice, a research report or a recommendation. newboard.in is not a SEBI-registered research analyst or investment adviser.