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Shadowfax IPO: The initial public offering (IPO) of Shadowfax Technologies Ltd closed for public subscription on January 22, 2026. The logistics solution provider firm opened its public offer for subscription on January 20, 2026. The issue was a mix of fresh issue and offer for sale (OFS) of shares, and was subscribed 2.72 times at the end of the bidding period.
The basis of allotment of the IPO shares is expected to be finalised on Friday, January 23, followed by the crediting of shares to the demat accounts of successful bidders, and initiating the refund to the unsuccessful ones.
Investors who have applied for the IPO can check their allotment status online on the websites of BSE and NSE, or the issue registrar, Kfin Technologies.
1) Visit the NSE website:- www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
2) Select 'Equity and SME IPO bid details'
3) Choose 'SHADOWFAX' from the dropdown list
4) Enter your PAN and application number
5) Click submit
1) Go to the BSE website:- www.bseindia.com/investors/appli_check.aspx
2) Select 'Equity' under issue type
3) Choose 'Shadowfax Technologies Limited'
4) Enter your application number or PAN
5) Click search to view your allotment status
1) Visit the Kfin Technologies website:- ipostatus.kfintech.com
2) Select 'Shadowfax Technologies Limited' from the dropdown menu
3) Enter your PAN, application number, or demat account details
4) Click submit
Overall, investors bid for 24.23 crore shares against the total shares on offer. The subscription includes bids from institutional buyers, institutional investors and retail investor quota who booked the issue 3.81 times, 0.84 times and 2.31 times against their allotted portions, respectively.
In terms of shares, the QIBs, NIIs, and RIIs booked 18.40 crore, 2.03 crore and 3.71 crore shares against their allotted portions, respectively.
Shadowfax Technologies IPO is a book-building issue of Rs 1,907.27 crore, consisting of a fresh issue of 8.06 crore shares (Rs 1,000 crore) and an offer-for-sale (OFS) of 7.32 crore shares (Rs 907.27 crore).
The IPO had a three-day bidding window, which opened on January 20 and closed on Thursday, January 22, for the public subscription.
The IPO was priced at Rs 118 to Rs 124 per equity share, valuing the company at around Rs 7,168.85 crore, at the upper end of the price band.
The minimum investment required for the retail category is Rs 14,880, at the upper end of the price band. This translates to a lot size of 120 shares for the retail quota.
Shares of Shadowfax Technologies are likely to list on the stock exchanges (BSE and NSE) with the listing date being fixed on January 28, 2026.
Shadowfax Technologies Ltd, a logistics solution provider firm in India, was incorporated in June 2016. The firm provides e-commerce express parcel delivery and a variety of additional services.
Among the company’s major service offerings are e-commerce and direct-to-consumer delivery, hyperlocal & quick commerce in hours or same day, and SMS & personal courier services via Shadowfax's Flash app.
Financially, Shadowfax Technologies (FY2025) recorded a total revenue growth of Rs 2,514.66 crore and its first-ever profit with a PAT of Rs 6.06 crore, thus reversing the losses incurred in past years (FY24 loss of Rs 11.88 crore).