Shadowfax Technologies IPO GMP: Logistics Solution Provider’s Public Issue Sees Modest Demand On First Day Of Bidding

Shadowfax Technologies IPO GMP: Logistics solution provider Shadowfax Technologies’ public issue opened for subscription today, on January 20. The company’s public issue is slated to close for subscription on January 22.

On the first day of subscription, the issue has been booked 14 per cent across categories at the time of writing. The trends in the grey market for the company’s shares indicate that the stock may list with modest gains next week. Here are some key details of the public issue which applicants should know before applying for Shadowfax Technologies IPO:

Shadowfax Technologies IPO Subscription

Shadowfax Technologies' IPO has been subscribed to 14 per cent so far on the first day of subscription, receiving applications for more than 12.80 million shares against the 89.08 million shares set aside for the category.

Retail individual investors  (RIIs) booked their quota the most among all investor classes. RIIs subscribed to their quota of 64 per cent by placing bids for 10.24 million shares compared to the 16.12 million shares offered for subscription.

Non-institutional investors applied for 2.32 million shares compared to the 24.18 million shares set aside for NIIs, booking the issue at 10 per cent. At the time of writing, qualified institutional buyers have placed bids for 1,680 shares compared to the 48.36 million shares set aside for the category. Employees of the company booked their quota of 55 per cent, by placing bids for 2,33,280 shares compared to the 4,23,728 shares set aside for the category.

Shadowfax Technologies IPO GMP

Shadowfax Technologies’ unlisted shares are commanding a GMP ranging between Rs 7.5 and Rs 8 per share, according to multiple websites which track the demand for shares of unlisted companies. Based on the GMP of Rs 8, shares of Shadowfax Technologies are likely to make a market debut at Rs 132 apiece with gains of 6.45 per cent.

Shadowfax Technologies IPO Offer Size, Listing Date, Price Band

Shadowfax Technologies IPO issue size aggregates to Rs 1,907.27 crore and consists of a fresh issue of 80.6 million shares amounting to Rs 1,000 crore and an offer for sale of 73.2 million shares amounting to Rs 907.27 crore.

The price band for Shadowfax Technologies IPO has been fixed at Rs 118 to Rs 124 per share. Retail individual investors (RIIs) can apply for the logistics solutions provider’s public issue by placing bids for 120 shares or 1 lot aggregating to an investment of Rs 14,880.

Shadowfax Technologies IPO will announce the share allotment status of the public issue on January 23. Successful applicants will receive shares of Shadowfax Technologies in their demat accounts on January 27. Shares of Shadowfax Technologies will tentatively list on the BSE and NSE. Shadowfax Technologies' shares will tentatively be listed on January 28.

Shadowfax Technologies: Key Financials

The logistics solution provider's total income for the quarter ended September 30, 2025, stood at Rs 1,819.80 crore, the profit-after-tax of the company stood at Rs 21.04 crore, and the net worth of the company stood at Rs 693.53 crore.

In the fiscal year ending March 31, 2025, Shadowfax Technologies’ total income stood at Rs 2514.66 crore, rising by over 32 per cent compared to Rs 1896.48 crore in the preceding fiscal. Shadowfax Technologies reported a net profit of Rs 6.06 crore in FY25; in the preceding fiscal, the company posted a net loss of Rs 11.88 crore. In FY25, the logistics solution provider's net worth grew to Rs 660.43 crore, indicating an increase of over 56 per cent from a net worth of Rs 421.78 crore in FY24.

Shadowfax Technologies IPO: Reservation

A major part of the public issue has been set aside for the QIB category, as much as 74.80 per cent of the offer size has been reserved for the category. As much as 14.96 per cent of the offer size of Shadowfax Technologies IPO has been set aside for NIIs, and 9.97 per cent has been set aside for retail investors. The company has also reserved 0.26 per cent of the offer size for employees of the logistics solutions provider.

Shadowfax Technologies IPO: Anchor Investors

Shadowfax raised Rs 856 crore from anchor investors on January 19 in an anchor investor round. The anchor investors included Nippon India Mutual Fund (MF), ICICI Prudential MF, JM Financial MF, Motilal Oswal MF, Government Pension Fund Global, ICICI Prudential Life Insurance Company, Societe Generale, HSBC Global Investment Funds, Eastspring Investments and Jupiter India Fund. The company allocated 69 million equity shares to investors at a price of Rs 124 apiece.

Shadowfax Technologies: Promoters

Promoters of the company will not pare their stake in the IPO. However, several early backers of the company will sell their stake in the OFS; these include ecommerce giant Flipkart and funds like Eight Roads Investments Mauritius II, International Finance Corporation, Qualcomm Asia Pacific, Nokia Growth Partners IV and NewQuest Asia Fund IV.

Shadowfax Technologies IPO: Objective

The company plans to use the proceeds of the public issue for funding capital expenditure requirements, such as lease payments for new first and last mile centres and sorting centres. The company also plans to use the proceeds for funding branding, marketing and communication costs, unidentified acquisitions and general corporate purposes.

About Shadowfax Technologies

Shadowfax Technologies was incorporated in June 2016. Shadowfax Technologies is a logistics solution provider specialising in e-commerce express parcel delivery and other value-added offerings.