Shadowfax Technologies, a Flipkart-backed logistics and delivery tech company, is all set to go public with its Initial Public Offering (IPO) starting January 20, 2026. Investors are watching closely, as this could be one of the most talked-about IPOs in the logistics sector this year.
IPO Dates You Should Know
| Event | Date |
|---|---|
| IPO Opens | January 20, 2026 |
| IPO Closes | January 22, 2026 |
| Allotment Finalization | January 23, 2026 |
| Demat Credit | January 27, 2026 |
| Listing Date | January 28, 2026 |
This is a book-built issue, meaning the final price will be based on investor demand.
Price Band & Issue Size
- Price Band: ₹118 to ₹124 per share
- Face Value: ₹10 per share
- Total Issue Size: ~₹1,907 crore
The offering includes both fresh shares and an offer for sale (OFS) from existing investors.
GMP Outlook (Grey Market Premium)
Shadowfax’s IPO is showing a grey market premium (GMP) of around 13%, indicating strong early interest from investors.
Note: GMP is unofficial and can fluctuate daily. It offers insight but not certainty.
Lot Size & Investment Minimum
- Lot Size: 120 shares
- Minimum Investment: ₹14,880 (at upper price band)
Retail investors can apply for up to 13 lots.
About Shadowfax Technologies
Founded in 2015, Shadowfax is a logistics company known for tech-driven, last-mile delivery services. It partners with e-commerce, quick commerce, and courier companies to fulfill deliveries across India.
Key strengths include:
- Pan-India delivery network
- Strong revenue growth
- Backing from major investors including Flipkart
Why This IPO Matters
- Strong demand for logistics services in India
- Tech-enabled business model with scalability
- Backed by leading investors
- Positive market sentiment based on GMP
That said, logistics is a competitive space. Operational efficiency and cost control will be critical to long-term success.
FAQs About Shadowfax IPO
Q1. When does the Shadowfax IPO open and close?
January 20 to January 22, 2026.
Q2. What is the price band?
₹118 to ₹124 per share.
Q3. What is the GMP for Shadowfax IPO?
Approximately +13% at last check.
Q4. What is the minimum lot size and investment?
120 shares per lot; ~₹14,880 minimum investment.
