Home / Business and Economy / Shadowfax IPO: Rs 1,907 Cr Debut With Moderate Interest
Shadowfax IPO: Rs 1,907 Cr Debut With Moderate Interest
19 Jan
Summary
- Shadowfax Technologies' IPO opens Jan 20, 2026, aiming for Rs 1,907 crore.
- Grey market premium indicates moderate investor interest at 8%.
- Funds will expand logistics network and improve delivery infrastructure.
Shadowfax Technologies, a prominent Bengaluru-based logistics firm, is set to launch its Initial Public Offering (IPO) on January 20, 2026. The total issue size is valued at Rs 1,907.27 crore, with shares offered in a price band of Rs 118 to Rs 124. This significant IPO comprises a fresh issue of Rs 1,000 crore to fuel expansion and an offer for sale (OFS) of Rs 907.27 crore by existing shareholders.
The company intends to allocate the IPO proceeds towards key growth initiatives. A substantial portion will fund capital expenditures for strengthening its logistics network, alongside lease payments for new operational centers. Additionally, funds will support branding and marketing efforts, with remaining amounts reserved for potential acquisitions and general corporate purposes.
Founded in 2015, Shadowfax has established a strong nationwide presence, offering rapid parcel delivery and quick-commerce solutions. The firm demonstrated robust financial performance in FY25, with total income rising 32% and achieving profitability, highlighting its operational efficiency and scalability within India's dynamic logistics landscape.
