
Technology / Consumer Discretionary · NSE / BSE
Incorporated in June 2016, Shadowfax Technologies Ltd is a technology-led logistics solutions provider in India focused on e-commerce, D2C, hyperlocal, quick commerce, and personal courier services, offering solutions such as express parcel delivery, same-day and quick commerce, hyperlocal delivery, and personal courier services through the Shadowfax Flash app. The company operates a nationwide logistics network with 4,299 touchpoints across first-mile, last-mile, and sort centres, covering 14,758 pin codes as of September 30, 2025, supported by over 3.50 million sq. ft. of operational space including 53 sort centres. Following an asset-light model, it leases facilities and linehaul while owning automation and machinery, operating over 3,000 trucks daily and supported by an average of 205,864 quarterly unique delivery partners, along with 4,472 permanent employees and 17,182 contractual workers. Shadowfax serves leading clients such as Meesho, Flipkart, Myntra, Swiggy, BigBasket, Zepto, Nykaa, Blinkit, Zomato, Uber, ONDC, and others, and plans to utilize IPO proceeds for network expansion capex, lease payments, branding and marketing, inorganic acquisitions, and general corporate purposes.
Price Band
₹118 – ₹124
Issue Size
₹1907 Cr
Lot Size
120 shares
GMP
-3.2%
Est. Listing
₹120
at current GMP
Subscribed
2.86x
overall
Open
20 Jan 2026
Close
22 Jan 2026
Allotment
23 Jan 2026
Refund
24 Jan 2026
Demat Credit
25 Jan 2026
Listing
28 Jan 2026
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹124
Band: ₹118 – ₹124
Estimated Listing Price
₹120
Upper price + GMP
Lot Size
120 shares
Min investment ₹14,880
Estimated Profit / Lot
₹0
120 × ₹-4
Grey Market Premium trend
-₹4
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | -₹4 | -3.2% | ₹120 |
| 30 Oct 2026 | -₹4 | -3.2% | ₹120 |
| 29 Oct 2026 | — | -2.9% | ₹120 |
GMP is unofficial market data. Not a guarantee of listing performance.
Shadowfax Technologies Limited is bringing an initial public offering (IPO) in the Technology / Consumer Discretionary sector with an aggregate issue size of ₹1,907.27 Crores. The shares are offered at a price band of ₹118 to ₹124 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 120 shares (approx. ₹14,880 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-01-25, while un-allotted funds or UPI block mandates will be released on 2026-01-24.
The latest grey market premium for Shadowfax Technologies Limited IPO is ₹-4, which indicates an expected listing price of ₹120.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.