shadowfax technologies limited IPO
IPO Overview
Shadowfax technologies limited IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹1907 Cr. The IPO price band is set at ₹118 to ₹124 per share, and retail investors can apply with a minimum investment of ₹14.9K as per IPO guidelines.
The Shadowfax technologies limited IPO opens on 20 Jan 2026 and closes on 22 Jan 2026. The IPO allotment is expected to be finalized on 23 Jan 2026, and the equity shares are proposed to be listed on BSE,NSE on 28 Jan 2026.
Investors can refer to the Shadowfax technologies limited IPO RHP-DRHP for detailed information. The issue is managed by ICICI Securities Ltd as the book running lead manager, while Kfin Technologies Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
Its service offerings include e-commerce and D2C delivery, hyperlocal & quick commerce within hours or same day, and SMS & personal courier services through Shadowfax's Flash app.
The company's nationwide logistics network includes 4,299 touchpoints across first- and last-mile centres and sort centres as of September 30, 2025, serving 14,758 pin codes. It is supported by over 3.50 million sq ft of operational space, including 53 sort centres covering 1.80 million sq ft, for shipment consolidation, sorting, and dispatch.
The company leases its logistics facilities and linehaul, owning automation and machinery for control.
It operates a dedicated fleet of over 3,000 trucks daily as part of its asset-light linehaul network.
As of September 30, 2025, the company's platform had 205,864 Average Quarterly Unique Transacting Delivery Partners.
The company's clients include Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber, Pincode, Purplle, Licious, ONDC, Magicpin, among others. This makes them the only large-scale provider for last-mile and end-to-end e-commerce delivery, as well as quick commerce, food delivery, and hyperlocal services.
By September 30, 2025, the company's e-commerce logistics network spanned 14,758 pin codes throughout India.
As of September 30, 2025, the company had 4,472 permanent employees and 17,182 contract workers.
Investment Objective
Funding of lease payments for new first mile centers, last mile centers and sort centers
Funding of branding, marketing and communication costs
Unidentified inorganic acquisitions and general corporate purposes