7 months ago
Shadowfax Technologies Launches ₹1,907 Crore IPO
Shadowfax Technologies, a company that helps deliver packages, is getting ready to sell some of its shares to the public for the first time.
This is called an IPO.
They have set the price for each share between ₹118 and ₹124.
The IPO will start on January 20 and end on January 22.
They plan to raise a lot of money, around ₹1,907.3 crore, to improve their delivery network, pay for new delivery centers, and do some marketing.
Big companies like Flipkart and others are also selling some of their shares in Shadowfax.
The money raised will help Shadowfax grow and serve more customers across India.
Shadowfax serves a wide range of clients, including e-commerce companies, and has seen significant revenue growth, with ₹1,800 crore in the first half of FY26, up 68% from the previous year.
The company uses AI-based technology and a large delivery network to ensure fast and reliable last-mile delivery.
Its services include express parcels, reverse logistics, quick commerce, and on-demand mobility.
Shadowfax Technologies has set its IPO price band at ₹118-124 per share.
The IPO will open for subscription on January 20 and close on January 22, 2026.
The company aims to raise ₹1,907.3 crore, including ₹1,000 crore from fresh issuance and ₹907.3 crore from existing investors.
Funds will be used for network infrastructure, lease payments, branding, marketing, acquisitions, and general corporate purposes.
Major shareholders include Flipkart Internet, Eight Roads Investments Mauritius, NewQuest Asia Fund, TPG, Eight Roads Ventures, Mirae Asset Ventures, Nokia Growth Funds, and Snapdeal founders Kunal Bahl and Rohit Kumar Bansal.
- Who
- Shadowfax Technologies Ltd, a logistics solution provider in India
- What
- Setting the IPO price band and details for its upcoming IPO
- Where
- India
- When
- IPO opens on January 20, 2026, and closes on January 22, 2026
- Why
- To raise ₹1,907.3 crore for enhancing network infrastructure, lease payments, branding, marketing, acquisitions, and general corporate use
Key facts
- IPO Price Band
- ₹118-124 per share
- IPO Open Date
- January 20, 2026
- IPO Close Date
- January 22, 2026
- Anchor Investor Allocation
- January 19, 2026
- Lot Size
- 120 equity shares
- QIB Reservation
- 75%
- NII Reservation
- 15%
- Retail Reservation
- 10%
- Total Funds Raised
- ₹1,907.3 crore
- Network Infrastructure Allocation
- ₹423.4 crore
- Lease Payments Allocation
- ₹138.6 crore
- Branding and Marketing Allocation
- ₹88.5 crore
- Listing Date
- January 28, 2026
- Major Shareholders
- Flipkart Internet, Eight Roads Investments Mauritius, NewQuest Asia Fund, TPG, Eight Roads Ventures, Mirae Asset Ventures, Nokia Growth Funds, Snapdeal founders -- Kunal Bahl and Rohit Kumar Bansal
- Founders' Stakes
- Abhishek Bansal (10.76%), Vaibhav Khandelwal (8.37%)
- Book Running Managers
- ICICI Securities, Morgan Stanley India Company, JM Financial
- Registrar
- Kfin Technologies Ltd.
- Logistics Network
- 4,299 touchpoints, 14,758 pin codes
- Operational Space
- 3.50 million square feet
- Sort Centers
- 53 sort centers, 1.80 million square feet
- Revenue FY25
- ₹2,485 crore
- Revenue H1 FY26
- ₹1,800 crore (68% YoY growth)
- Market Share
- 21% in e-commerce express parcel segment
- Post-IPO Valuation
- ₹7,100 crore to ₹7,400 crore
Timeline
Shadowfax's board greenlights INR 2,000 crore IPO on June 24th.
Then, IPO papers filed with SEBI, targeting INR 2,000 crore for network expansion.
IPO launches with price band INR 118-124, aiming to raise INR 1,907.3 crore for delivery network growth.
Quotes
Abhishek Bansal
Co-founder and CEO of Shadowfax
“Looking at how the sales numbers have gone and how the momentum has varied into H2, one could easily argue that some of the growth pace of H1 will continue into H2, and we will probably grow at a faster pace than what we have historically grown.”
financialexpress.com
Sources
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