Shadowfax Technologies IPO GMP & Subscription Status: Day 1 IPO Live Updates

The Shadowfax Technologies IPO GMP is ₹6 as of 20th January 2026. It is a book-building issue IPO of ₹1,907.27 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 ₹10 per share, and the IPO price band is ₹118 to ₹124 per share. Retail investors can bid for a minimum of 1 lots of 120 shares worth ₹14,880. Scroll down to check the INDO SMC IPO GMP and subscription details.

Shadowfax Technologies IPO GMP Grey Market Premium

As mentioned earlier, the Shadowfax Technologies IPO GMP currently stands at ₹6.00 per share. Thus, the estimated listing price would be at ₹130.00. This indicates that the estimated listing gain in this IPO could be 4.84%. Explore the table for Shadowfax Technologies IPO GMP updates.

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Shadowfax Technologies IPO GMP status at Univest.

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Shadowfax Technologies IPO Subscription Status

As of now, the Shadowfax Technologies IPO has been subscribed to 0.09 times. Of these, 0.41 times are subscribed by retail investors, 0.06 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of Shadowfax Technologies’ 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.

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live INDO SMC IPO Subscription status at Univest.

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Shadowfax Technologies IPO Details

Also Read: Shadowfax Technologies IPO GMP & Review: Apply or Avoid?

Explanation

Shadowfax Technologies IPO: Shadowfax Technologies IPO Limited has declared an issue price band of ₹118 to ₹124 per share. With this IPO, the company allows retail investors to bid for at least 1 lots of 120 shares, each worth ₹14,880. The face value of Shadowfax Technologies IPO Limited shares is ₹10 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 Shadowfax Technologies IPO reviews. 

About Shadowfax Technologies Ltd.

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 IPO Objectives

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

Shadowfax Technologies IPO Registrar

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.

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Shadowfax Technologies IPO Review

The Shadowfax Technologies IPO has gained neutral ratings from industry experts, brokers, and institutional investors. 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.

Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re 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’s technical analysis to know whether you should apply for the Shadowfax Technologies IPO or not.

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. 

FAQs on Shadowfax Technologies IPO

What is the Shadowfax Technologies IPO GMP?

Currently, on 20th January 2026, the Shadowfax Technologies IPO GMP (Grey Market Premium) stands at ₹6. This indicates that the estimated listing price could be ₹130.00 per share.

What is the issue price of the Shadowfax Technologies IPO?

The Shadowfax Technologies IPO issue price band is set at ₹118.00 to ₹124.00 per share. Retail investors can apply for a minimum of 1 lots, each consisting of 120 shares, worth ₹14,880. Moreover, HNIs are required to bid for a minimum of 14 lots (1,680 shares) worth ₹2,08,320..

Who is the registrar of the Shadowfax Technologies IPO?

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.

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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