The IPO consists of a fresh issue of shares worth Rs 1,000 crore, which will be deployed to support the company’s expansion plans, besides an offer for sale (OFS) of Rs 907.27 crore from existing shareholders. This structure allows Shadowfax to attract new capital for growth, while giving current investors the opportunity to reduce their stake.Shadowfax Technologies GMP today:
The latest gray market premium (GMP) for Shadowfax Technologies’ IPO is Rs 15 per share from January 16. With the upper price band set at Rs 124, the current gray market premium suggests a likely listing price of around Rs 139 per share. If this trend continues, investors could potentially earn an estimated gain of around 12.1% on listing day.
Note: Gray Market Premium (GMP) is an unofficial and unregulated indicator of market sentiment. It is based on informal trading before listing and can change quickly. GMP should not be regarded as guaranteed advice or investment advice as actual listing prices may vary depending on market conditions.
Shadowfax Technologies IPO details:Shadowfax Technologies is all set to launch its initial public offering (IPO) with a total issue size of Rs 1,907.27 crore. The offer consists of a fresh issue of 8.06 crore equity shares worth Rs 1,000 crore, which will be used to fund the company’s growth initiatives. Additionally, the issue includes an Offer for Sale (OFS) of 7.32 crore shares worth Rs 907.27 crore, allowing existing shareholders to partially divest their holdings.
The IPO will open for subscription on January 20, 2026 and close on January 22, 2026. The allotment basis is expected to be finalized on January 23, 2026, while the shares will tentatively be listed on the BSE and NSE on January 28, 2026.
The price band for the issue has been set at Rs 118-124 per share, allowing investors to bid within this range.
Retail investors can apply for a minimum of 120 shares, which is the lot size, and bids must be made in multiples of that. In the higher price range, the minimum investment required is Rs 14,880.
Shadowfax Technologies IPO Objects of the Issue:
Proceeds from the Shadowfax Technologies IPO will be used primarily to support the company’s expansion and operational growth. A significant portion of the funds, amounting to Rs 423.43 crore, will be spent on meeting the company’s capital expenditure, especially for strengthening and expanding its logistics network infrastructure.
In addition, around Rs 138.64 crore will be used for lease payments related to setting up new first-mile centres, last-mile centers and sorting centres, which are crucial for improving delivery efficiency. The company also plans to invest Rs 88.57 crore in branding, marketing and communications initiatives to strengthen brand visibility and customer reach. The remaining funds will be used for unidentified non-organic acquisitions and general corporate purposes, providing flexibility for future strategic opportunities.
About Shadowfax Technologies:
Founded in 2015, Shadowfax Technologies is a Bengaluru-based logistics and delivery services provider and has emerged as a prominent player in India’s fast-growing logistics ecosystem. The company offers a wide range of services including fast parcel delivery, same-day and next-day delivery, home exchange services and fast trade solutions with delivery times as short as 10 minutes.
Shadowfax has built a strong nationwide presence, serving more than 18,000 PIN codes in more than 2,500 cities. With the ability to deliver more than two million parcels per day, the company is known for its speed and efficiency, with deliveries often completed within 30 to 60 minutes of order placement – a trend that is gaining traction across India.
On the financial front, Shadowfax showed robust growth in FY25, with total income rising 32% to Rs 2,515 crore, compared to Rs 1,897 crore in the previous year. The company’s EBITDA rose 410% from Rs 11 crore to Rs 56 crore, and it also turned profitable, posting a net profit of Rs 6 crore in FY25, highlighting its improvement in operational efficiency and scalability.
The issue is being managed by ICICI Securities Limited, Morgan Stanley India Company Private Limited and JM Financial Limited as book-running lead managers, while KFin Technologies Ltd has been appointed as registrar for the issue.
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