Telegram-Icon YouTube-Icon whatsapp-Icon

Shadowfax Technologies IPO is a mainboard IPO aggregating up to ₹1,907 crore. The issue consists of a fresh issue of 8,06,45,161 shares (aggregating up to ₹1,000 crore) and an offer for sale of 7,31,66,935 shares (aggregating up to ₹907 crore).

The IPO opened for subscription on 20 January 2026 and closes on 22 January 2026. The basis of allotment was finalised on 23 January 2026. The shares were listed on NSE and BSE on 28 January 2026.

The price band for the IPO is set at ₹118 to ₹124 per share. The minimum amount required for a retail investor is ₹14,880 (120 shares, 1 lot). The minimum amount required for an 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 is the registrar of the IPO.
Refer to Shadowfax Technologies RHP for more detailed information.

Shadowfax Technologies Share Price Analysis API (Live)

257.20
-1.28 (-0.50%)
As of 01 Sep, 2026
Open ₹260.00
Day High - Low ₹260.10 - ₹254.75
Volume 2,501,002
52 Weeks High ₹268.65 on 20 Aug 2026
52 Weeks Low ₹98.55 on 30 Jan 2026
RSI (14) 58.3
50 DMA 234.16
200 DMA -
Loading...
IPO Details
IPO Open Date
IPO Close Date
IPO Issue Size
Issue (Sale Type)
Fresh Issue
Offer for Sale
Share Holding (Pre Issue)
Share Holding (Post Issue)
Listing At
IPO Reservation
Total shares offered by IPO is . Out of which is reserved for retail, is reserved for HNI (NII) and is reserved for QIB.
Retail Quota
NII Quota
QIB Quota
Total
IPO Price
has set a price band of , lot size is of and face value is .
Face Value
Price Band
Lot Size
IPO Issue Type
IPO Time Table
IPO will open for subscription on and close on . Basis of Allotment will be decided on , initiation of refund will begin on and IPO will be listed on at .
IPO Open Date
IPO Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Share to Demat Account
IPO Listing Date
IPO Cut-off time (UPI mandate confirmation)
Company Promotor & Promotor's Holding
Pre Issue Promotor Holding
Post Issue Promotor Holding
IPO Registrar
IPO Lead Manager
is the book running lead manager and is the registrar of the IPO.
IPO Financial Indicator (valuations)
Market Capitalization
Debt/Equity
ROE
ROCE
RONW
P/BV
PAT Margin
EBITDA
IPO P/E ratio and EPS
EPS (Pre IPO)
EPS (Post IPO)
P/E ratio (Pre IPO)
P/E ratio (Post IPO)

IPO Lot Size and Required Amount

has set a price band of and lot size is of . Retail investors can bid for a minimum of lots ( shares), requiring minimum investment of , and maximun upto lots ( shares), requiring maximum investment of . Small HNI investors can bid for a minimum of lots ( shares), requiring an investment of , small hni (shni) investors can bid for a maximum of lots ( shares), requiring an investment of and big hni (bHNI) investors can bid for a minimum of Lots ( shares), requiring an investment of . Calculated at the cut-off price (the upper end of the price band).
Number of Shares Per Lot =
Application Lot(s) Shares Amount
Retail (Minimum)
Retail (Maximum)
S-HNI (Minimum)
S-HNI (Maximum)
B-HNI (Minimum)
Number of Shares Per Lot =
Application Lot(s) Shares Amount
Retail (Min)
Retail (Max)
S-HNI (Min)
S-HNI (Max)
B-HNI (Min)

Financials

Shadowfax Technologies
Annual Performance (31 Mar 25 vs 31 Mar 24)
Shadowfax Technologies's Assets increased by 60.2%, Revenue increased by 32.6%, Profit After Tax increased by 151%, EBITDA increased by 394.2%, Net Worth increased by 56.6%, Total Borrowing increased by 227.9%, Reserves & Surplus increased by 227.9% compared to the previous financial year.
Assets
▲ 60.2% (473.12)
Revenue
▲ 32.6% (618.18)
Profit After Tax
▲ 151% (17.94)
EBITDA
▲ 394.2% (44.82)
Net Worth
▲ 56.6% (238.65)
Total Borrowing
▲ 227.9% (91.9)
Reserves & Surplus
▲ 227.9% (91.9)

Previous Financial Year Growth (31 Mar 24 vs 31 Mar 23)
Comparing 31 Mar 24 with 31 Mar 23, Assets increased by 77.6%, Revenue increased by 33.3%, Profit After Tax increased by 91.7%, EBITDA increased by 110%, Net Worth increased by 139.2%, Total Borrowing dropped by 39.5%, Reserves & Surplus dropped by 39.5%.
Assets (Prev Yr)
▲ 77.6% (343.41)
Revenue (Prev Yr)
▲ 33.3% (473.59)
Profit After Tax (Prev Yr)
▲ 91.7% (130.76)
EBITDA (Prev Yr)
▲ 110% (124.84)
Net Worth (Prev Yr)
▲ 139.2% (245.46)
Total Borrowing (Prev Yr)
▼ 39.5% (-26.36)
Reserves & Surplus (Prev Yr)
▼ 39.5% (-26.36)

2-Year Performance Change (31 Mar 23 To 31 Mar 25)
Between 31 Mar 25 and 31 Mar 23, Assets increased by 184.4%, Revenue increased by 76.7%, Profit After Tax increased by 104.2%, EBITDA increased by 149.5%, Net Worth increased by 274.6%, Total Borrowing increased by 98.3%, Reserves & Surplus increased by 98.3%.
Assets (2-Yr Change)
▲ 184.4% (816.53)
Revenue (2-Yr Change)
▲ 76.7% (1,091.77)
Profit After Tax (2-Yr Change)
▲ 104.2% (148.7)
EBITDA (2-Yr Change)
▲ 149.5% (169.66)
Net Worth (2-Yr Change)
▲ 274.6% (484.11)
Total Borrowing (2-Yr Change)
▲ 98.3% (65.54)
Reserves & Surplus (2-Yr Change)
▲ 98.3% (65.54)
  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

IPO Peer Comparison

Company NameP/E ratioEPS (Basic)EPS (Diluted)NAV (per share)RoNW (%)P/BV
Delhivery Ltd195.07(Delhivery)2.19(Delhivery)2.14(Delhivery)124.77(Delhivery)1.75(Delhivery)2.06(Delhivery)
Blue Dart Express Ltd50.70(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)

IPO Subscription Status

Loading Latest IPO Data...
Contact & Address
Address:
Phone:
Email:
Website: Company Website
IPO Prospectus
IPO DRHP
IPO RHP

IPO Frequently Asked Questions (FAQ)

IPO is a mainboard IPO. The company will raise upto for . Face value is , Price band is , and cutt off price is . The IPO opens on and closes on . is the registrar and shares of IPO will be listed at .

The issue size of IPO is . For fresh issue: and for offer for sale: .

Price band for IPO is . Applying IPO application at cutt off price (the upper end of price band) is considered safer than the applying IPO application at lower end of price band.

The lot size of IPO is of . Minimum order quantity for retail investor is shares ( lots) and required amount is . Minimum order quantity for sHNI is shares ( lots) and required amount is . Minimum order quantity for bHNI investor is shares ( lots) and required amount is .

The investors portion reserved for QIB is , reserved for HNI is and reserved for retail investors.

The IPO will be available for subscription from to . IPO open date is and close date is .

Allotment date for IPO is . 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 .

The IPO will be listed on at .