{"id":59082,"date":"2026-01-21T11:29:27","date_gmt":"2026-01-21T05:59:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=59082"},"modified":"2026-01-21T11:29:29","modified_gmt":"2026-01-21T05:59:29","slug":"shadowfax-technologies-ipo-gmp-subscription-day-2","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/","title":{"rendered":"Shadowfax Technologies IPO GMP &#038; Subscription Status: Day 2 IPO Live Updates"},"content":{"rendered":"<p>The <strong>Shadowfax Technologies IPO GMP <\/strong>is \u20b94 as of 21st January 2026. It is a book-building issue IPO of \u20b91,907.27 crores. This is an entirely fresh issue of 8.06 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 28th January 2026. The face value of Shadowfax Technologies IPO shares is \u20b910 per share, and the IPO price band is \u20b9118 to \u20b9124 per share. Retail investors can bid for a minimum of 1 lots of 120 shares worth \u20b914,880. Scroll down to check the INDO SMC IPO GMP and subscription details.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Shadowfax_Technologies_IPO_GMP_Grey_Market_Premium\" title=\"Shadowfax Technologies IPO GMP Grey Market Premium\">Shadowfax Technologies IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Shadowfax_Technologies_IPO_Subscription_Status\" title=\"Shadowfax Technologies IPO Subscription Status\">Shadowfax Technologies IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Shadowfax_Technologies_IPO_Details\" title=\"Shadowfax Technologies IPO Details\">Shadowfax Technologies IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#About_Shadowfax_Technologies_Ltd\" title=\"About Shadowfax Technologies Ltd.\">About Shadowfax Technologies Ltd.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Shadowfax_Technologies_Limited_Financials\" title=\"Shadowfax Technologies Limited Financials\">Shadowfax Technologies Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Explanation-2\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Shadowfax_Technologies_IPO_Objectives\" title=\"Shadowfax Technologies IPO Objectives\">Shadowfax Technologies IPO Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Shadowfax_Technologies_IPO_Registrar\" title=\"Shadowfax Technologies IPO Registrar\">Shadowfax Technologies IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Shadowfax_Technologies_IPO_Review\" title=\"Shadowfax Technologies IPO Review\">Shadowfax Technologies IPO Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#FAQs_on_Shadowfax_Technologies_IPO\" title=\"FAQs on Shadowfax Technologies IPO\">FAQs on Shadowfax Technologies IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#What_is_the_Shadowfax_Technologies_IPO_GMP\" title=\"What is the Shadowfax Technologies IPO GMP?\">What is the Shadowfax Technologies IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#What_is_the_issue_price_of_the_Shadowfax_Technologies_IPO\" title=\"What is the issue price of the Shadowfax Technologies IPO?\">What is the issue price of the Shadowfax Technologies IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Who_is_the_registrar_of_the_Shadowfax_Technologies_IPO\" title=\"Who is the registrar of the Shadowfax Technologies IPO?\">Who is the registrar of the Shadowfax Technologies IPO?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/shadowfax-technologies-ipo-gmp-subscription-day-2\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shadowfax_Technologies_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Shadowfax Technologies IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As mentioned earlier, the <strong>Shadowfax Technologies IPO GMP <\/strong>currently stands at \u20b94.00 per share. Thus, the estimated listing price would be at \u20b9128.00. This indicates that the estimated listing gain in this IPO could be 3.23%. Explore the table for <strong>Shadowfax Technologies<\/strong> <strong>IPO GMP<\/strong> updates.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>21-01-2026<\/strong><\/td><td>\u20b9124.00<\/td><td>\u20b94.00<\/td><td>\u20b9128.00<\/td><td>3.23%<\/td><\/tr><tr><td><strong>20-01-2026<\/strong><\/td><td>\u20b9124.00<\/td><td>\u20b94.00<\/td><td>\u20b9128.00<\/td><td>3.23%<\/td><\/tr><tr><td><strong>19-01-2026<\/strong><\/td><td>\u20b9124.00<\/td><td>\u20b96.00<\/td><td>\u20b9130.00<\/td><td>4.84%<\/td><\/tr><tr><td><strong>18-01-2026<\/strong><\/td><td>\u20b9124.00<\/td><td>\u20b910.00<\/td><td>\u20b9134.00<\/td><td>8.06%<\/td><\/tr><tr><td><strong>17-01-2026<\/strong><\/td><td>\u20b9124.00<\/td><td>\u20b99.00<\/td><td>\u20b9133.00<\/td><td>7.26%<\/td><\/tr><tr><td><strong>16-01-2026<\/strong><\/td><td>\u20b9124.00<\/td><td>\u20b915.00<\/td><td>\u20b9139.00<\/td><td>12.10%<\/td><\/tr><tr><td><strong>15-01-2026<\/strong><\/td><td>\u20b9104.00<\/td><td>\u20b916.00<\/td><td>\u20b9140.00<\/td><td>12.90%<\/td><\/tr><tr><td><strong>14-01-2026<\/strong><\/td><td>\u20b9104.00<\/td><td>\u20b916.00<\/td><td>\u20b9140.00<\/td><td>12.90%<\/td><\/tr><tr><td><strong>13-01-2026<\/strong><\/td><td>\u20b9104.00<\/td><td>\u20b90.00<\/td><td>\u20b9104.00<\/td><td>0.00%<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Shadowfax Technologies IPO GMP status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on INDO SMC IPO <\/em><\/strong><strong>GMP Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shadowfax_Technologies_IPO_Subscription_Status\"><\/span><strong>Shadowfax Technologies IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the Shadowfax Technologies IPO has been subscribed to 0.56 times. Of these, 1.46 times are subscribed by retail investors, 0.29 times by non-institutional investors, and 0.40 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of Shadowfax Technologies&#8217; IPO listing on 28th January 2026. Shadowfax Technologies also has a positive outlook behind the fresh issue of 8.06 crore shares, which will raise around Rs 1,907.27 crores.<\/p><p><strong><em>Note:<\/em><\/strong><em> GMP details are subject to change based on market conditions and fluctuations. Check the live INDO SMC IPO Subscription status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on INDO SMC IPO Subscription<\/em><\/strong><strong> Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shadowfax_Technologies_IPO_Details\"><\/span><strong>Shadowfax Technologies IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>22nd January 2026<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>20th January 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>22nd January 2026<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>27th January 2026<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>15,38,12,096 shares(agg. up to \u20b91,907 Cr)<\/td><\/tr><tr><td><strong>Fresh Issue&nbsp;<\/strong><\/td><td>8,06,45,161 shares(agg. up to \u20b91,000 Cr)<\/td><\/tr><tr><td><strong>Offer for Sale&nbsp;<\/strong><\/td><td>7,31,66,935 shares of \u20b910(agg. up to \u20b9907 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>120 Shares<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b9118 to \u20b9124 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>BSE NSE<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>28th January 2026<\/td><\/tr><\/tbody><\/table><\/figure><p><strong><em>Also Read: <\/em><\/strong><a href=\"https:\/\/univest.in\/blogs\/aritas-vinyl-ipo-gmp-review\"><strong><em>Shadowfax Technologies IPO GMP &amp; Review: Apply or Avoid?<\/em><\/strong><\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Shadowfax Technologies IPO<\/strong>: Shadowfax Technologies IPO Limited has declared an issue price band of \u20b9118 to \u20b9124 per share. With this IPO, the company allows retail investors to bid for at least 1 lots of 120 shares, each worth \u20b914,880. The face value of Shadowfax Technologies IPO Limited shares is \u20b910 per share. The shares of Shadowfax Technologies IPO Limited will be listed on BSE and NSE on its tentative listing day, 28th January 2026. Scroll down to check GMP updates and <strong>Shadowfax Technologies IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Shadowfax_Technologies_Ltd\"><\/span><strong>About Shadowfax Technologies Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Shadowfax Technologies Limited was established in June 2016. Shadowfax Technologies Ltd is a logistics solution provider company in India. The company offers e-commerce express parcel delivery and a suite of value-added offerings. Its service offerings include e-commerce and D2C delivery, hyperlocal &amp; quick commerce within hours or same day, and SMS &amp; personal courier services through Shadowfax&#8217;s Flash app. The company&#8217;s nationwide logistics network includes 4,299 touchpoints across first- and last-mile centres and sort centres as of September 30, 2025, serving 14,758 pin codes. It is supported by over 3.50 million sq ft of operational space, including 53 sort centres covering 1.80 million sq ft, for shipment consolidation, sorting, and dispatch. The company leases its logistics facilities and linehaul, owning automation and machinery for control. It operates a dedicated fleet of over 3,000 trucks daily as part of its asset-light linehaul network.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shadowfax_Technologies_Limited_Financials\"><\/span><strong>Shadowfax Technologies Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> Shadowfax Technologies IPO. <\/strong>Look at the table to learn about Shadowfax Technologies Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>31st Sep 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>1,453.16<\/td><td>1,259.26<\/td><td>786.14<\/td><td>442.73<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>1,819.80<\/td><td>2,514.66<\/td><td>1,896.48<\/td><td>1,422.89<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>21.04<\/td><td>6.06<\/td><td>-11.88<\/td><td>-142.64<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>64.34<\/td><td>56.19<\/td><td>11.37<\/td><td>-113.47<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>693.53<\/td><td>660.43<\/td><td>421.78q<\/td><td>176.32<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>281.26<\/td><td>248.16<\/td><td>172.47<\/td><td>171.20<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>147.44<\/td><td>132.23<\/td><td>40.33<\/td><td>66.69<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation-2\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Shadowfax Technologies Limited&#8217;s revenue increased by 32.59% from \u20b91,896.48 crores in March 2024 to \u20b92,514.66 crores in March 2025. Moreover, the company&#8217;s PAT increased by 151.01% from -\u20b911.88 crores in March 2024 to \u20b96.06 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shadowfax_Technologies_IPO_Objectives\"><\/span><strong>Shadowfax Technologies IPO Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Shadowfax Technologies IPO<\/strong> is to raise \u20b91,907.27 crores. On the other hand, Shadowfax Technologies has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>To fund the capital expenditure requirements of the Company in relation to the network infrastructure<\/li>\n\n<li>To fund lease payments for new first-mile centres, last-mile centres and sort centres<\/li>\n\n<li>To fund branding, marketing and communication costs<\/li>\n\n<li>To Unidentified inorganic acquisitions and general corporate purposes<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shadowfax_Technologies_IPO_Registrar\"><\/span><strong>Shadowfax Technologies IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Kfin Technologies Limited is the registrar for the Shadowfax Technologies IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Shadowfax Technologies allotment and refund, you can contact Kfin Technologies Limited at&nbsp;<\/p><p><a href=\"mailto:shadowfax.ipo@kfintech.com\">shadowfax.ipo@kfintech.com<\/a> or at 04067162222, 04079611000.<\/p><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shadowfax_Technologies_IPO_Review\"><\/span><strong>Shadowfax Technologies IPO Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-1024x536.jpg\" alt=\"Shadowfax Technologies IPO Review\n\" class=\"wp-image-59084\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Shadowfax Technologies IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. Shadowfax Technologies Limited&#8217;s revenue increased by 32.59% from \u20b91,896.48 crores in March 2024 to \u20b92,514.66 crores in March 2025. Moreover, the company&#8217;s PAT increased by 151.01% from -\u20b911.88 crores in March 2024 to \u20b96.06 crores in March 2025.<\/p><p>Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Shadowfax Technologies IPO <\/strong>or not.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>1,017.96<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>0.12<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>3.03<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>&#8211;<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>&#8211;<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>2.86<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>&#8211;<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b97,168.85 Cr<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Shadowfax Technologies Limited shares is 1,017.96, and its Earnings Per Share (EPS) stands at 0.12. Thus, the <strong>Shadowfax Technologies IPO<\/strong> can deliver gains on its tentative listing date, 28th January 2026.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Shadowfax Technologies Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>1,017.96<\/td><td>170.39<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>0.12<\/td><td>0.73<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Shadowfax_Technologies_IPO\"><\/span><strong>FAQs on Shadowfax Technologies IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Shadowfax_Technologies_IPO_GMP\"><\/span><strong>What is the Shadowfax Technologies IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 21st January 2026, the <strong>Shadowfax Technologies IPO GMP<\/strong> (Grey Market Premium) stands at \u20b94. This indicates that the estimated listing price could be \u20b9128.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_the_Shadowfax_Technologies_IPO\"><\/span><strong>What is the issue price of the Shadowfax Technologies IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>Shadowfax Technologies IPO<\/strong> issue price band is set at \u20b9118.00 to \u20b9124.00 per share. Retail investors can apply for a minimum of 1 lots, each consisting of 120 shares, worth \u20b914,880. Moreover, HNIs are required to bid for a minimum of 14 lots (1,680 shares) worth \u20b92,08,320..<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Shadowfax_Technologies_IPO\"><\/span><strong>Who is the registrar of the Shadowfax Technologies IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Kfin Technologies Limited is the registrar for the Shadowfax Technologies IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Shadowfax Technologies allotment and refund, you can contact Kfin Technologies Limited at&nbsp;<\/p><p><a href=\"mailto:shadowfax.ipo@kfintech.com\">shadowfax.ipo@kfintech.com<\/a> or at 04067162222, 04079611000.<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Shadowfax Technologies IPO, download the Shadowfax Technologies IPO RHP and Shadowfax Technologies IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. 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It is a book-building issue IPO of \u20b91,907.27 crores. This is an entirely fresh issue of 8.06 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 28th January 2026. The face value of Shadowfax Technologies IPO<\/p>\n","protected":false},"author":23,"featured_media":59083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015,1352,3806],"class_list":["post-59082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-ipo-gmp","tag-ipo-subscription"],"metadata":{"_edit_lock":["1768975175:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:95:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1.jpg\";a:2:{s:2:\"id\";i:59084;s:11:\"source_type\";s:13:\"media-library\";}s:104:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-1024x536.jpg\";a:2:{s:2:\"id\";i:59084;s:11:\"source_type\";s:13:\"media-library\";}s:127:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1.jpg\";a:2:{s:2:\"id\";i:59084;s:11:\"source_type\";s:13:\"media-library\";}s:136:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/21112742\/Shadowfax-Technologies-IPO-Apply-or-Avoid-1-1024x536.jpg\";a:2:{s:2:\"id\";i:59084;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["72"],"rank_math_title":["Shadowfax Technologies IPO GMP Subscription Status Day 2"],"rank_math_description":["Shadowfax Technologies IPO GMP, Subscription status. 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