Shadowfax Technologies IPO: An Analysis
The Shadowfax Technologies Initial Public Offering (IPO) has seen tremendous investor interest. As of Thursday, January 22, 2026, at 5:30 PM IST, the IPO was heavily subscribed. Investors submitted bids for 24.23 billion shares, significantly more than the original offering of 8.90 billion shares. This means the IPO is 2.72 times oversubscribed, indicating strong confidence in the company’s growth prospects.
Key Points
- IPO heavily subscribed, bidding 2.72 times over the offer.
- 24.23 billion bids received against 8.90 billion shares offered.
- IPO price range: Rs 118 to Rs 124 per share.
- Fresh issue: 80.6 million shares for Rs 1,000 crore.
- Offer for Sale (OFS): 73.2 million shares, up to Rs 907.27 crore.
- Funds used: Infrastructure, lease payments, branding, acquisitions, and general expenses.
Shadowfax Technologies is a major player in India’s logistics industry. They help businesses like Flipkart, Meesho, and Swiggy deliver goods quickly and efficiently across the country. This popularity is driving strong demand for their IPO.
The IPO itself involves two parts. First, Shadowfax is selling new shares worth Rs 1,000 crore. Second, existing investors are selling some of their shares through an ‘Offer for Sale’ (OFS) worth up to Rs 907.27 crore. These investors include big names like Flipkart and Qualcomm.
Shadowfax plans to use the money raised from the IPO in several key ways. A big chunk – Rs 423.43 crore – will go towards improving their delivery network. They’ll also use funds to expand their logistics centers and invest in marketing.
The company’s financial performance looks promising. In the three months leading up to September 30, 2025, they made a profit of Rs 21.04 crore and sold goods worth Rs 1,805.64 crore. This shows they’re growing quickly and are a solid investment.
Before the IPO, Shadowfax already raised money from anchor investors – 39 investors who bought 6.90 billion shares at a price of Rs 124 each. This further demonstrates confidence in the company’s future.
Ultimately, the successful IPO signals a positive outlook for Shadowfax Technologies and its continued growth within India’s dynamic logistics market.
