Shadowfax Technologies IPO Analyzed

Shadowfax Technologies, a big company that handles deliveries for major online stores, recently finished its Initial Public Offering (IPO). Investors showed a lot of interest, bidding for nearly 24 times more shares than were initially offered. This means the IPO was a huge success, and here’s a breakdown of what happened.

Key Points

• IPO subscribed 2.72 times, strong investor interest observed.
• QIBs subscribed 3.81 times, Retail investors 2.31 times.
• IPO raised ₹1,907 crore through fresh issue & OFS.
• Funds used: Infrastructure, lease payments, branding, acquisitions.
• Key clients include Flipkart, Meesho, Swiggy, and Zomato.
• Company experienced strong growth: increased market share & order volume.

IPO Details

The IPO was open for bidding from January 20th to January 22nd, 2026. The price range for each share was between Rs 118 and Rs 124. The company wanted to raise around ₹1,000 crore through a ‘fresh issue’ – selling new shares – and another ₹907.27 crore through an ‘offer for sale’ (OFS) – selling existing shares held by others.

Who Bought the Shares?

Many big investors – called Qualified Institutional Buyers (QIBs) – were really interested in Shadowfax. They bought 3.81 times more shares than were available. Retail investors and non-institutional investors also showed strong interest, subscribing 2.31 and 0.84 times, respectively.

What Will Shadowfax Do With The Money?

The company plans to use the money raised for some important things. They’ll invest in upgrading their delivery network, pay off lease agreements for new facilities, and invest in marketing. A small amount will also be used for buying other companies, and for general business costs.

Previous Funding

Before the IPO, Shadowfax already raised ₹856.02 crore from anchor investors. They sold 6.90 crore shares to 39 different investors at a price of Rs 124 each. This gave the company a good head start and showed confidence in its growth potential.

Company Performance

As of September 30, 2025, Shadowfax Technologies had earned a profit of ₹21.04 crore and made sales of ₹1,805.64 crore over the last three months. The company is growing quickly and is becoming a major player in India’s delivery market.

The IPO’s strong performance highlights the growing demand for efficient logistics solutions in India.