Shadowfax Technologies IPO To Open On January 20, Check GMP, Price Band, and Key IPO Details

Flipkart-backed third-party logistics (“3PL”) company Shadowfax Technologies is all set to launch its IPO (Initial Public Offering) on January 20, 2026, with anchor bidding scheduled on January 19, 2026. The company filed its red herring prospectus with SEBI on January 13, 2026.

Shadowfax Technologies IPO Details

Issue Size: The IPO is a book-build issue of ₹1,907.27 crores, consisting of a fresh issue of ₹1,000 crores and an Offer-for-Sale (OFS) of ₹907.27 crores.

Price Band: The price band is set between ₹118 and ₹124 per share.

Lot Size (for retail investors): 120 shares per lot

Minimum Investment (for retail investors): ₹14,880 per lot based on the cut-off price

Bidding Timeline: The IPO will remain open from January 20, 2026, to January 22, 2026

Allotment & Listing: The basis of allotment will be finalised by January 23, 2026, and the tentative listing on BSE and NSE is scheduled for January 28, 2026.

Book-running Lead Managers: Morgan Stanley India Company Private Limited, ICICI Securities Limited, and JM Financial Limited

Registrar: KFin Technologies Limited

Use of Proceeds: The net proceeds from the fresh issue will be used to fund expenses towards -

• • Branding, marketing and communication costs
  • Network infrastructure
  • Lease payments for new first-mile centres, last-mile centres and sort centres
  • Inorganic growth through unidentified acquisitions
  • General corporate purposes

Shadowfax Technologies IPO GMP

As per media reports, the Grey Market Premium (GMP) of Shadowfax Technologies is reported at ₹11 over the IPO price.  

Shadowfax Technologies Business Overview 

Shadowfax Technologies is a third-party logistics (3PL) platform serving across 14,700+ pin codes. The company caters to a diverse set of clients spanning horizontal and vertical e-commerce, quick commerce, food and grocery marketplaces, and on-demand mobility platforms.

Shadowfax’s service offerings cover a wide spectrum of logistics solutions, including express forward deliveries, reverse logistics and exchange shipments, priority and same-day deliveries, quick commerce and hyperlocal fulfilment, mobility services, and other specialised and time-critical logistics use cases.

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