 |
 |
 |
Shadowfax Technologies IPO is a mainboard IPO with Fresh issue and offer for sale and Book Built Issue. The company will raise upto ₹1,907 crore for 15,38,12,096 shares from the IPO. The IPO issue is 15,38,12,096 shares (aggregating up to ₹1,907 crore), fresh issue: 8,06,45,161 shares (aggregating up to ₹1,000 crore) and offer for sale: 7,31,66,935 shares (aggregating up to ₹907 crore).
The IPO will open for subscription on 20 January 2026 and close on 22 January 2026. The basis of allotment will be decided on 23 January 2026 and Shadowfax Technologies IPO shares will be listed on 28 January 2026 at NSE, BSE.
Price band for IPO is ₹118 to ₹124 per share, Minimum amount required for retail investor is ₹14,880 (120 shares, 1 lots) and maximum amount for which retail investor can apply for is ₹1,93,440 (1,560 shares, 13 lots), minimum amount required for sHni investor is ₹2,08,320 (1,680 shares, 14 lots).
ICICI Securities, Morgan Stanley India and JM Financial is the lead manager and Kfin Technologies Ltd is the registrar of IPO.
Shadowfax Technologies IPO Details |
|
| IPO Open Date | 20 January 2026 |
| IPO Close Date | 22 January 2026 |
| IPO Issue Size | 15,38,12,096 shares (aggregating up to ₹1,907 crore) |
| Issue (Sale Type) | Fresh issue and offer for sale |
| Fresh Issue | 8,06,45,161 shares (aggregating up to ₹1,000 crore) |
| Offer for Sale | 7,31,66,935 shares (aggregating up to ₹907 crore) |
| Share Holding (Pre Issue) | 49,74,88,085 shares |
| Share Holding (Post Issue) | 57,81,33,246 shares (49,74,88,085 shares pre issue + 8,06,45,161 shares fresh issue) |
| Listing At | NSE, BSE |
Shadowfax Technologies IPO Reservation |
|
| Total shares offered by Shadowfax Technologies IPO is 15,38,12,096 shares (aggregating up to ₹1,907 crore). Out of which Not more than 10% of the offer is reserved for retail, Not more than 15% of the offer is reserved for HNI (NII) and Not less than 75% of the offer is reserved for QIB. | |
| Retail Quota | Not more than 10% of the offer |
| NII Quota | Not more than 15% of the offer |
| QIB Quota | Not less than 75% of the offer |
| Total | 15,38,12,096 shares (100.00%) |
Shadowfax Technologies IPO Price |
|
| Shadowfax Technologies has set a price band of ₹118 to ₹124 per share, lot size is of 120 and face value is ₹10 per share. | |
| Face Value | ₹10 per share |
| Price Band | ₹118 to ₹124 per share |
| Lot Size | 120 |
| IPO Issue Type | Book Built Issue |
Shadowfax Technologies IPO Time Table |
|
| Shadowfax Technologies IPO will open for subscription on 20 January 2026 and close on 22 January 2026. Basis of Allotment will be decided on 23 January 2026, initiation of refund will begin on 27 January 2026 and IPO will be listed on 28 January 2026 at NSE, BSE. | |
| IPO Open Date | 20 January 2026 |
| IPO Close Date | 22 January 2026 |
| Basis of Allotment Date | 23 January 2026 |
| Initiation of Refunds | 27 January 2026 |
| Credit of Share to Demat Account | 27 January 2026 |
| IPO Listing Date | 28 January 2026 |
| IPO Cut-off time (UPI mandate confirmation) | 5:00 PM on 22 January 2026 |
Company Promotor & Promotor's Holding |
|
| Pre Issue Promotor Holding | 19.13% |
| Post Issue Promotor Holding | |
Shadowfax Technologies IPO Registrar |
|
| Kfin Technologies Ltd | |
Shadowfax Technologies IPO Lead Manager |
|
| ICICI Securities, Morgan Stanley India and JM Financial | |
| ICICI Securities, Morgan Stanley India and JM Financial is the book running lead manager and Kfin Technologies Ltd is the registrar of the Shadowfax Technologies IPO. | |
Shadowfax Technologies IPO Financial Indicator (valuations) |
|
| Market Capitalization | ₹7,168.85 crore |
| Debt/Equity | 0.21 |
| ROE | - |
| ROCE | - |
| RONW | 3.03 |
| P/BV | - |
| PAT Margin | - |
| EBITDA | 2.86 |
Shadowfax Technologies IPO P/E ratio and EPS |
|
| EPS (Pre IPO) | ₹0.12 |
| EPS (Post IPO) | ₹0.73 |
| P/E ratio (Pre IPO) | 1017.96 |
| P/E ratio (Post IPO) | 170.39 |
Shadowfax Technologies IPO Lot Size and Required Amount
Shadowfax Technologies has set a price band of ₹118 to ₹124 per share and lot size is of 120. Retail investors can bid for a minimum of 1 lots (120 shares), requiring minimum investment of ₹14,880, and maximun upto 13 lots (1,560 shares), requiring maximum investment of ₹1,93,440. Small HNI investors can bid for a minimum of 14 lots (1,680 shares), requiring an investment of ₹2,08,320, small hni (shni) investors can bid for a maximum of 67 lots (8,040 shares), requiring an investment of ₹9,96,960 and big hni (bHNI) investors can bid for a minimum of 68 Lots (8,160 shares), requiring an investment of ₹10,11,840. Calculated at the cut-off price ₹124 per share (the upper end of the price band).
| Number of Shares Per Lot = 120 | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Minimum) | 1 | 120 | ₹14,880 |
| Retail (Maximum) | 13 | 1,560 | ₹1,93,440 |
| S-HNI (Minimum) | 14 | 1,680 | ₹2,08,320 |
| S-HNI (Maximum) | 67 | 8,040 | ₹9,96,960 |
| B-HNI (Minimum) | 68 | 8,160 | ₹10,11,840 |
| Number of Shares Per Lot = 120 | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Min) | 1 | 120 | ₹14,880 |
| Retail (Max) | 13 | 1,560 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1,680 | ₹2,08,320 |
| S-HNI (Max) | 67 | 8,040 | ₹9,96,960 |
| B-HNI (Min) | 68 | 8,160 | ₹10,11,840 |
Shadowfax Technologies Financials
| 30 Sep 25 in crore (₹) | 31 Mar 25 in crore (₹) | 31 Mar 24 in crore (₹) | 31 Mar 23 in crore (₹) | |
|---|---|---|---|---|
| Assets | 1,453.16 | 1,259.26 | 786.14 | 442.73 |
| Revenue | 1,819.8 | 2,514.66 | 1,896.48 | 1,422.89 |
| Profit After Tax | 21.04 | 6.06 | -11.88 | -142.64 |
| EBITDA | 64.34 | 56.19 | 11.37 | -113.47 |
| Net Worth | 693.53 | 660.43 | 421.78 | 176.32 |
| Total Borrowing | 147.44 | 132.23 | 40.33 | 66.69 |
| Reserves & Surplus | 147.44 | 132.23 | 40.33 | 66.69 |
Shadowfax Technologies IPO Peer Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Delhivery Ltd | 195.07(Delhivery) | 2.19(Delhivery) | 2.14(Delhivery) | 124.77(Delhivery) | 1.75(Delhivery) | 2.06(Delhivery) |
| Blue Dart Express Ltd | 50.70(Blue) | 106.38(Blue) | 106.38(Blue) | 657.05(Blue) | 17.25(Blue) | 9.34(Blue) |
| Shadowfax Technologies Ltd | (Shadowfax) | 0.13(Shadowfax) | 0.13(Shadowfax) | 13.83(Shadowfax) | 0.97(Shadowfax) | (Shadowfax) |
Shadowfax Technologies IPO Subscription Status
Currently there is no any subscription data available for Shadowfax Technologies IPO. Shadowfax Technologies IPO subscription Status data will be available on 20 January 2026 because IPO will open for subscription on 20 January 2026 and close on 22 January 2026.
| Shadowfax Technologies Contact & Address | |
| Address: 3rd Floor, Shilpitha Tech Park Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village,Bellandur, Varthur Hobli Bengaluru, Karnataka, 560103 Phone: 080 6452 5653 Email: investors@shadowfax.in Website: Company Website |
|
| Shadowfax Technologies IPO Prospectus | |
|
IPO DRHP IPO RHP |
Shadowfax Technologies IPO Frequently Asked Questions (FAQ)
Shadowfax Technologies IPO is a mainboard IPO. The company will raise upto ₹1,907 crore for 15,38,12,096 shares. Face value is ₹10 per share, Price band is ₹118 to ₹124 per share, and cutt off price is ₹124 per share. The IPO opens on 20 January 2026 and closes on 22 January 2026. Kfin Technologies Ltd is the registrar and shares of Shadowfax Technologies IPO will be listed at NSE, BSE.
The issue size of IPO is 15,38,12,096 shares (aggregating up to ₹1,907 crore). For fresh issue: 8,06,45,161 shares (aggregating up to ₹1,000 crore) and for offer for sale: 7,31,66,935 shares (aggregating up to ₹907 crore).
Price band for IPO is ₹118 to ₹124 per share. Applying IPO application at cutt off price ₹124 per share (the upper end of price band) is considered safer than the applying IPO application at lower end of price band.
The lot size of Shadowfax Technologies IPO is of 120. Minimum order quantity for retail investor is 120 shares (1 lots) and required amount is ₹14,880. Minimum order quantity for sHNI is 1,680 shares (14 lots) and required amount is ₹2,08,320. Minimum order quantity for bHNI investor is 8,160 shares (68 lots) and required amount is ₹10,11,840.
The investors portion reserved for QIB is Not less than 75% of the offer, reserved for HNI is Not more than 15% of the offer and Not more than 10% of the offer reserved for retail investors.
The IPO will be available for subscription from 20 January 2026 to 22 January 2026. IPO open date is 20 January 2026 and close date is 22 January 2026.
Allotment date for IPO is 23 January 2026. On the allotment date, After the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is Kfin Technologies Ltd.
The IPO will be listed on 28 January 2026 at NSE, BSE.