The Initial Public Offering (IPO) of Shadowfax Technologies opened on January 20 and is scheduled to conclude on January 22, 2026, offering investors an opportunity to participate in India’s rapidly expanding logistics space. The company has fixed a price band of ₹118–₹124 per share, drawing attention to its growing presence in the last-mile delivery segment.Shadowfax IPO: Issue Details, Subscription, Allotment & Lead Managers
| Category | Details |
|---|---|
| IPO Issue Type | Combination of Fresh Issue and Offer for Sale (OFS) |
| Total Issue Size | ₹1,907 crore |
| Fresh Issue | ₹1,000 crore |
| Offer for Sale (OFS) | ₹907 crore |
| Day 1 Subscription Status (Overall) | 47% |
| Retail Investors | 1.11× subscribed |
| Qualified Institutional Buyers (QIBs) | 38% subscribed |
| Non-Institutional Investors (NIIs) | 22% subscribed |
| Likely Allotment Date | 23 January 2026 |
| Expected Listing Date | 28 January 2026 |
| Lead Managers | ICICI Securities, Morgan Stanley India, JM Financial |
Shadowfax Technologies IPO Grey Market Premium Signals Positive Sentiment
Shadowfax Technologies shares are trading at a grey market premium (GMP) of ₹6 today, suggesting mild optimism among investors ahead of the listing. This indicates early demand for the IPO, reflecting cautious but positive sentiment in the market as traders anticipate the company’s debut on the bourses.
Shadowfax Technologies IPO Allotment & Listing Date
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Likely allotment date: 23 January 2026
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Expected listing date: 28 January 2026
Shadowfax Technologies IPO: Should You Hit “Apply”?
The IPO of Shadowfax Technologies is attracting a lot of positivity from different quarters. BP Equities has given it a thumbs-up and has mentioned the strong industry tailwinds that, besides the high P/E of 155 times, will still offer profitability.
Kantilal Chhaganlal Securities has the same opinion as the previous one and has pointed to the good revenue increase and profit margin enhancement but said the P/S valuation of 2.8 times is on the high side. The other four brokerages, namely Cholamandalam, SMIFS, Sushil Finance, and Ventura Securities, have also expressed the same opinion. The common point among all is that the long-term growth potential of the IPO is taking it to the next level.
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