Key Highlights:
- IPO Opens: Tuesday, January 20, 2026
- Price Band: ₹118–₹124 per equity share
- Valuation: 11.8x–12.4x the face value of ₹10 per share
- Issue Closes: Thursday, January 22, 2026
- Anchor Book: Opens Monday, January 19, 2026
- Lot Size: 120 equity shares, and multiples thereof
Shadowfax Technologies Limited (The “Company”), shall open the Bid/Offer in relation to its initial public offer of Equity Shares on Tuesday, January 20, 2026.
The Price Band of the Offer has been fixed at ₹ 118 to ₹ 124 per Equity Share. (“Price Band”).
Bids can be made for a minimum of 120 Equity Shares and in multiples of 120 Equity Shares thereafter. (“Minimum Bid Lot”)
The initial public offer of Equity Shares of face value ₹ 10 per share (“Total Offer Size”) aggregating up to ₹19,072.69 million (₹ 1,907.27 crore) comprising a fresh issue of equity shares up to ₹ 10,000 million (₹ 1000 crores) and an offer for sale of up to ₹ 9,072.69 million (₹ 907.27 crores) of face value of ₹ 10 each.
The Anchor Investor Bidding Date shall be Monday, January 19, 2026. The Bid/Offer shall open on Tuesday, January 20, 2026 and close on Thursday, January 22, 2026.
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange.
ICICI Securities Limited, Morgan Stanley India Company Private Limited and JM Financial Limited, are the book running lead managers to the Offer (“BRLMs“).
About Shadowfax Technologies Ltd :
Shadowfax is India’s leading logistics service provider across e-commerce, express parcel, and value-added delivery services, powering the backbone of the country’s fast-growing digital commerce ecosystem. Over the past decade, the company has built a robust and scalable distribution network spanning over 2,300 cities and 14,700+ PIN codes, delivering approximately 1.6 million packages daily through a workforce of more than 2 lakh quarterly delivery partners.
As Shadowfax marks 10 years of transforming logistics, it continues to set industry benchmarks through speed, agility, innovation, and service excellence. Its capabilities span from lightning-fast intracity deliveries to same-day fulfilment, supported by proprietary, AI-driven platforms such as SF Maps and SF Shield, which enhance route optimisation, security, and operational efficiency at scale.
With a relentless focus on intelligent automation and operational efficiency, Shadowfax has emerged as the preferred logistics partner for India’s leading e-commerce and hyperlocal brands. Looking ahead, the company remains focused on redefining the future of logistics by building smarter, faster, and more resilient supply-chain solutions for a rapidly evolving market.
