The country’s well-known logistics company Shadowfax Technologies is coming up with its IPO. The company has fixed the IPO price band at ₹118 to ₹124 per share. This IPO will open on January 20 (Tuesday) and close on January 22 (Thursday). The allotment of shares to anchor investors will take place on January 19. In this IPO, there will be 120 shares in one lot and the retail investor will have to apply for at least one lot. 10% of the shares have been reserved for retail, 15% for NII and 75% for QIB investors.
what are the details
Talking about the timeline related to IPO, the allotment is expected to be finalized on January 23. Investors who do not get shares will get a refund on January 27 and shares will be credited to the demat accounts of those who are allotted shares on the same day. The company’s shares are likely to be listed on BSE and NSE on January 28. Overall, the entire schedule is clear and fixed for investors. Shadowfax Technologies wants to raise a total of ₹ 1,907.3 crore through this IPO. Of this, there will be a fresh issue of ₹1,000 crore, while there is an offer for sale (OFS) of ₹907.3 crore, in which existing investors will sell their stake. The company will use the proceeds from the fresh issue to strengthen its network infrastructure, lease payments for new first mile, last mile and sorting centres, branding-marketing, acquisitions and general corporate needs. OFS includes big investors like Flipkart, IFC, Qualcomm, At Roads, Mirae Asset.
company business
Talking about the company’s business, Shadowfax is an e-commerce and quick-commerce logistics platform, which provides services like same-day and within few hours delivery. By September 2025, the company’s network has expanded to 14,758 pincodes, 4,299 touchpoints and 53 sort centres. Financial performance has also been strong. The company turned a profit of ₹6.4 crore in FY25, compared to a loss the previous year. Revenue is also continuously increasing. In comparison, there are big players in the market like Blue Dart and Delivery. In such a situation, Shadowfax’s IPO may be interesting for long term investors, but please consult your financial advisor before investing.
