Shadowfax IPO:
Shadowfax IPO is among the most anticipated technology-driven logistics public issues in India. This is a dedicated, evergreen IPO Hub where investors can track live Grey Market Premium (GMP), subscription status, allotment updates, listing expectations, valuation analysis, peer comparison, and expert trade strategy — all in one place.
Live Status: Anchor Bidding opens today, January 19, 2026. Public subscription begins tomorrow.
Shadowfax Technologies — Company Overview
Shadowfax Technologies is a leading technology-enabled last-mile logistics platform. As of September 30, 2025, the company boasts a nationwide logistics network with 4,299 touchpoints, serving 14,758 pin codes. In FY25, Shadowfax handled 43.64 crore orders (~30% CAGR since FY23). It is backed by Flipkart, Eight Roads, and Mirae Asset.
Shadowfax Technologies — Business Model
| Revenue Stream | Description | Approx. Share | Key Clients |
|---|---|---|---|
| Express Logistics | Standard last-mile delivery for e-commerce | ~70% | Flipkart, Meesho, Myntra |
| Quick Commerce | 10–30 minute hyperlocal deliveries | ~20% | Zepto, Blinkit, Swiggy Instamart |
| Enterprise & Others | B2B, pharma, and specialized logistics | ~10% | Pharma, D2C, Enterprises |
Shadowfax Technologies — Financial Summary
| Financial Year | Revenue (₹ Cr) | EBITDA Margin | Profit / Loss (₹ Cr) |
|---|---|---|---|
| H1 FY26 | 1,819.8 | 2.86% | +21.0 |
| FY 2025 | 2,485.1 | 1.96% | +6.4 |
| FY 2024 | 1,884.8 | 1.02% | -11.9 |
| FY 2023 | 1,415.1 | -7.18% | -142.6 |
Shadowfax IPO Details
| IPO Detail | Information |
|---|---|
| IPO Opens | 20 January 2026 |
| IPO Closes | 22 January 2026 |
| Allotment Finalised | 23 January 2026 |
| Demat Credit | 27 January 2026 |
| Listing Date | 28 January 2026 (Tentative) |
| Price Band | ₹118 – ₹124 |
| Lot Size | 120 Shares |
| Total Issue Size | ₹1,907 Crore |
| Registrar | KFin Technologies |
Shadowfax IPO GMP — Live Updates
Last Updated:
| Date | GMP (₹) | Estimated Listing | Gain (%) |
|---|
Shadowfax IPO Subscription Status (Live)
| Time | Retail | HNI | QIB | Total |
|---|
Shadowfax IPO Allotment Status
Registrar: KFin Technologies
Link to allotment portal will be added when live.
Shadowfax IPO Listing Expectations
- Bull Case: Strong GMP + quick commerce growth
- Neutral Case: Moderate premium
- Bear Case: Flat or discount listing
Shadowfax IPO Valuation Analysis
| Company | P/E | EBITDA Margin |
|---|---|---|
| Shadowfax | ~953x | 1.96% |
| Delhivery | ~195x | 4.9% |
| Blue Dart | ~50x | 16.2% |
Shadowfax vs Peers — Comparison
| Metric | Shadowfax | Delhivery | Blue Dart |
|---|---|---|---|
| Revenue Growth | ~32% | ~17% | ~9% |
| EBITDA Margin | 1.96% | 4.9% | 16.2% |
| Business Model | Tech-led last mile | Full logistics stack | Air & premium logistics |
| Client Focus | E-commerce & Quick Commerce | B2B + E-commerce | Enterprise & B2B |
HNI Breakeven Wall — PositionalCalls Proprietary Signal
Breakeven Threshold: ₹11.50
Current Signal: 🟢 STABLE
If GMP stays above ₹12, probability of a positive listing for leveraged HNIs is high.
Shadowfax IPO Trade Strategy (Summary)
- Apply only if GMP stays above ₹15
- Long-term: high-risk, high-reward
- sNII: 14 lots
- bNII: 68 lots
Frequently Asked Questions (FAQs)
Q: How to check allotment?
A: Visit KFintech portal on Jan 23, 2026.
Q: Who are selling shareholders?
A: Flipkart, Eight Roads, Mirae Asset.
Related Pages
- Shadowfax IPO GMP
- Shadowfax IPO Review
- Shadowfax IPO Trade Strategy
- Post-Listing Analysis
Disclaimer: IPO investments are subject to market risks. This information is for educational purposes only and does not constitute financial advice.
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