Shadowfax Technologies IPO Analyzed
The Shadowfax Technologies Initial Public Offering (IPO) saw strong investor interest, but wasn’t as wildly successful as some initially predicted. The IPO, which opened on January 20th, 2026, and closes on January 22nd, 2026, initially offered 8.90 crore shares. Ultimately, investors bid for 5.33 crore shares, representing a subscription rate of just 0.60 times the offered shares. This indicates a moderate level of demand.
Key Points
- IPO offered 8.90 crore shares, but received bids for 5.33 crore.
- Subscription rate was only 0.60, showing moderate interest.
- Price range: Rs 118 – Rs 124 per share for the IPO.
- The IPO raised Rs 1,907 crore through fresh and OFS shares.
- Funds will boost infrastructure, lease payments, and marketing efforts.
- Existing investors are selling shares through the Offer for Sale (OFS).
About Shadowfax Technologies
Shadowfax Technologies is a big player in India’s delivery business. They help companies like Flipkart, Meesho, and Swiggy deliver products quickly. They have a huge network covering almost every part of the country, making them one of the fastest-growing logistics companies.
Financial Highlights (Recent Results)
As of September 30, 2025, Shadowfax Technologies made a profit of Rs 21.04 crore and had sales of Rs 1,805.64 crore. These figures demonstrate the company’s growing revenue and profitability.
IPO Details & Anchor Investors
Before the IPO, Shadowfax raised Rs 856.02 crore from investors like Flipkart and others by selling 6.90 crore shares at a price of Rs 124 each. This showed confidence in the company’s future.
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