Shadowfax Technologies IPO: Price Band, Key Dates, and Financial Highlights for Investors

15, January 2026. By -Kaushik

Shadowfax Technologies, the Flipkart-backed logistics powerhouse, is all set to make its stock market debut. As one of India’s fastest-growing third-party logistics (3PL) players, this IPO is being closely watched by investors interested in the e-commerce and quick-commerce boom.
​With the subscription window opening soon, here is everything you need to know about the Shadowfax IPO.

IPO Timeline and Pricing Details
​Shadowfax has finalized its price band and timeline, offering a significant opportunity for retail and institutional investors. The company aims to raise approximately ₹1,907 crore through this public issue.
​IPO Open Date: January 20, 2026
​IPO Close Date: January 22, 2026
​Price Band: ₹118 to ₹124 per equity share
​Lot Size: 120 Shares (Minimum investment of ₹14,880)
​Tentative Listing Date: January 28, 2026 (BSE & NSE)
​Issue Structure: Fresh Issue vs. OFS
​The IPO is a mix of fresh capital and an exit/liquidity event for early backers:
​Fresh Issue: ₹1,000 crore (Proceeds will be used for network expansion and technology).
​Offer for Sale (OFS): ₹907 crore (Existing investors like Flipkart and Eight Roads are paring their stakes).

Financial Performance: A Turnaround Story
​Shadowfax has shown a remarkable shift from losses to profitability, making it an attractive “new-age” tech stock.
​Revenue Growth: For H1 FY26, the company reported a massive 68% YoY growth, with revenue touching ₹1,805 crore.
​Profitability: The company turned PAT positive in FY25 (₹6 crore) and has already more than doubled that in the first half of FY26 with a profit of ₹21 crore.
​Market Share: Its share in the e-commerce express parcel segment has climbed to roughly 21%, up from just 8% a few years ago.

​Key Investment Strengths
​Asset-Light Model: Unlike traditional courier services, Shadowfax uses a proprietary tech platform and a gig-worker network (over 2 lakh delivery partners) to keep costs low.
​Quick-Commerce Leader: It is a primary logistics partner for many quick-commerce and D2C brands, a sector currently seeing explosive growth in India.
​Wide Reach: The network spans over 14,700 pin codes across 2,500+ cities.
​What are the Risks?
​Client Concentration: About 74% of revenue comes from its top five customers. While this is improving, any loss of a major contract could impact the bottom line.
​Competition: It faces stiff competition from established players like Delhivery and Blue Dart, as well as in-house logistics arms of giants like Amazon.
​Conclusion: Should You Invest?
​The Shadowfax IPO is priced at a valuation of approximately ₹7,169 crore, which is more conservative than earlier estimates. This “room on the table” for investors, combined with 10 consecutive quarters of operational profitability, makes it a strong contender in the logistics space.

Disclaimer :

This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred.