Shadowfax Technologies IPO GMP & Review: Apply or Avoid?

Shadowfax Technologies IPO is open for bidding from 20th January 2026 to 22nd January 2026. It is a bookbuilding IPO of ₹1,907.27 crore, comprising an entirely fresh issue of 8.06 crore shares and an offer-for-sale of 7.32 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 28th January 2026. 

Shadowfax Technologies IPO Details 

The Shadowfax Technologies IPO date is fixed between 20th January 2026 and 22nd January 2026. The face value of Shadowfax Technologies shares stands at ₹10 per share, and the IPO Issue price band is set at ₹118 to ₹124 per share

Kfin Technologies Limited is the registrar of the Shadowfax Technologies IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Shadowfax Technologies IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 8.06 crore shares worth ₹1,907.27 crore. Shadowfax Technologies IPO Limited shares will be listed on the BSE and the NSE Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Shadowfax Technologies IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Shadowfax Technologies IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 22nd January 2026, Shadowfax Technologies’ IPO GMP stands at ₹10.00 per share, which means the share will likely list at ₹134.00 on its tentative listing date, 28th January 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Shadowfax Technologies IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Shadowfax Technologies IPO GMP Review

Check out the detailed Shadowfax Technologies GMP IPO review for a thorough understanding of its potential to report listing gains on 28th January 2026. The Shadowfax Technologies IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Shadowfax Technologies IPO.

Shadowfax Technologies Limited’s revenue increased by 32.59% from ₹1,896.48 crores in March 2024 to ₹2,514.66 crores in March 2025. Moreover, the company’s PAT increased by 151.01% from -₹11.88 crores in March 2024 to ₹6.06 crores in March 2025.

Shadowfax Technologies’ IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Shadowfax Technologies IPO, with its tentative listing day set for 28th January 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Shadowfax Technologies IPO.

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 Shadowfax Technologies IPO can deliver gains on its tentative listing date, 28th January 2026. 

Note: 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. 

Shadowfax Technologies IPO Subscription Status

The Shadowfax Technologies IPO will open for bidding on 20th January 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Shadowfax Technologies IPO Subscription Status. 

About Shadowfax Technologies Limited

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 & quick commerce within hours or same day, and SMS & personal courier services through Shadowfax’s Flash app. The company’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.

Shadowfax Technologies Limited Financials

The company’s financial analysis is essential before applying for the Shadowfax Technologies IPO. Look at the table to learn about Shadowfax Technologies Limited’s financials. 

Explanation

Shadowfax Technologies Limited’s revenue increased by 32.59% from ₹1,896.48 crores in March 2024 to ₹2,514.66 crores in March 2025. Moreover, the company’s PAT increased by 151.01% from -₹11.88 crores in March 2024 to ₹6.06 crores in March 2025.

Shadowfax Technologies Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Shadowfax Technologies IPO

The primary aim of the Shadowfax Technologies IPO is to raise ₹1,907.27 crores. On the other hand, Shadowfax Technologies has decided to utilise these funds in different ways.

• To fund the capital expenditure requirements of the Company in relation to the network infrastructure
• To fund lease payments for new first-mile centres, last-mile centres and sort centres
• To fund branding, marketing and communication costs
• To Unidentified inorganic acquisitions and general corporate purposes

Should I Invest in the Shadowfax Technologies IPO?

Explore the pros and cons of Shadowfax Technologies to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the Shadowfax Technologies IPO

• The company has a network infrastructure that serves as the backbone of our efficient and scalable delivery system.
• The company has the most extensive last-mile gig-based delivery partner infrastructure.
• The company has an experienced management team supported by entrepreneurial founders.

Cons of the Shadowfax Technologies IPO

• The company has a High Client Concentration
• The company has Gig Workforce & Operational Control Risks
• The company has a History of losses and potential cash flow issues

How to Apply for the Shadowfax Technologies IPO?

Check the steps mentioned below to apply for Shadowfax Technologies Ltd.

• Step 1: Conduct thorough research on the Shadowfax Technologies IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 1 lots of 120 shares worth ₹14,880
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Shadowfax Technologies IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the Shadowfax Technologies IPO Allotment Status?

You can check for the Shadowfax Technologies IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Shadowfax Technologies IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Shadowfax Technologies IPO allotment status.

Let’s Wrap

Shadowfax Technologies IPO is a bookbuilding issue of shares worth ₹1,907.27 crores. The shares of Shadowfax Technologies Limited will be listed on BSE and NSE on its tentative listing date of 28th January 2026. Researching the Shadowfax Technologies IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Shadowfax Technologies IPO

How is the Shadowfax Technologies IPO?

Ans. Currently, on 20th January 2026, the Shadowfax Technologies GMP (Grey Market Premium) stands at ₹10. It indicates that the estimated listing price could be ₹134 per share. It is a bookbuilding IPO of ₹1,907.27 shares. The face value of each Shadowfax Technologies share is ₹10 per share. 

What is the Shadowfax Technologies IPO price?

Ans. The Shadowfax Technologies IPO issue price band is set at ₹118 to ₹124 per share. 

Is the Shadowfax Technologies IPO a good investment?

Ans. SShadowfax Technologies Limited’s revenue increased by 32.59% from ₹1,896.48 crores in March 2024 to ₹2,514.66 crores in March 2025. Moreover, the company’s PAT increased by 151.01% from -₹11.88 crores in March 2024 to ₹6.06 crores in March 2025.

Who is the registrar of the Shadowfax Technologies IPO?

Ans. 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 

shadowfax.ipo@kfintech.com or at 04067162222, 04079611000.

What is the issue size of the Shadowfax Technologies IPO? 

Ans. Shadowfax Technologies IPO is a bookbuilding IPO of ₹1,907.27 crores. Moreover, the IPO is set to open on 20th January 2026 and close on 22nd January 2026. 

Disclaimer: 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. You can also consult your financial advisor.

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