Archive · 23 Jan 2026
Shadowfax Technologies IPO Sees Strong Bidding
Shadowfax Technologies, a company that helps deliver packages quickly, successfully raised money by selling shares to the public for the first time.
They offered shares for Rs 118-124 each and wanted to raise Rs 1,907.27 crore.
By the last day, the shares were bought 2.72 times, which is more than expected.
Different types of investors showed different levels of interest.
The company will use the money to improve its delivery network, open new centers, and advertise more.
The company will start selling its shares on the stock market on January 28, 2026.
Shadowfax Technologies IPO was subscribed 2.72 times by the end of the bidding period on January 22, 2026.
The IPO aimed to raise Rs 1,907.27 crore, including a fresh share sale of Rs 1,000 crore and an OFS of Rs 907.27 crore.
Retail investors subscribed 2.31 times their allocated shares, while QIBs saw 3.81 times subscription and NIIs were undersubscribed at 0.84 times.
Shadowfax Technologies is a logistics provider offering e-commerce parcel delivery and quick commerce services, serving clients like Meesho, Flipkart, Swiggy, and Zomato.
The company will list its shares on BSE and NSE on January 28, 2026, with a market capitalization of approximately Rs 7,170 crore.
- Who
- Shadowfax Technologies, a logistics solution provider based in Bengaluru
- What
- Initial public offering (IPO) with strong investor response
- When
- Bidding concluded on January 22, 2026; listing on January 28, 2026
- Where
- India, with shares listed on BSE and NSE
- Why
- To raise Rs 1,907.27 crore for expansion and marketing
- IPO Price Band
- Rs 118-124 per share
- Total Fundraising Goal
- Rs 1,907.27 crore
- Fresh Share Sale
- Rs 1,000 crore
- Offer-for-Sale (OFS)
- 7.31 crore equity shares worth Rs 907.27 crore
- Bidding Status
- 2.72 times subscribed as of January 22, 2026
- Retail Investor Subscription
- 2.31 times
- Non-Institutional Investor Subscription
- 0.84 times
- Employee Quota Subscription
- 2 times
- Qualified Institutional Bidders Subscription
- 3.81 times
- Listing Date
- January 28, 2026
- Anchor Investors
- Nippon India Mutual Fund, 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, Jupiter India Fund
- Fund Usage
- Enhancing network infrastructure, lease payments, branding, marketing, acquisitions, and general corporate purposes
- Revenue (H1 FY26)
- Rs 1,800 crore (68% YoY increase)
- Total Revenue (FY25)
- Rs 2,485 crore
- Service Network
- 14,758 Indian pin codes as of September 2025
- Touchpoints
- 4,299 touchpoints across first-mile, last-mile, and sort centres
Sources
Shadowfax Technologies IPO: Check fresh GMP, bidding status, listing date and key details
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