Shadowfax Technologies IPO Allotment, GMP Highlights All eyes are on Shadowfax Technologies today as the allotment for its initial public offering (IPO) is scheduled to be finalised. The logistics-focused company’s public issue, which opened for subscription on January 20, wrapped up bidding on January 22.
| Shadowfax Technologies IPO | Key Details |
| Issue price | Rs 118-124 per share |
| IPO Date | January 20-23 |
| GMP | 0 |
| IPO Allotment date | January 23 |
| Listing date | January 28 |
Shadowfax IPO: Key details
The Shadowfax IPO is a book-built issue worth Rs 1,907.27 crore. This consists of Rs 1,000 crore worth of new shares issued by the company and Rs 907.27 crore of shares being sold by existing shareholders. The price band for the issue was fixed at Rs 118 to Rs 124 per share. Ahead of the public issue, the company raised Rs 856.02 crore from anchor investors on January 19.
Shadowfax IPO: How to check allotment status online
Once the allotment is finalised, investors can check their status on the BSE or NSE websites. They can also check through the registrar, KFIN Technologies. To do this, they need to use their PAN or application number.
Shadowfax Technologies IPO Allotment LIVE: Check allotment status, refund details, GMP today, listing date, and price band
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: GMP update
Shadowfax Technologies IPO last GMP is ₹0, last updated Jan 23rd 2026 06:56 PM. With the price band of 124.00, Shadowfax Technologies IPO's estimated listing price is ₹124 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
If Shadowfax Technologies IPO oversubscribed in the retail category, the Shadowfax Technologies IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: How to check IPO allotment status
Via BSE Website
Go to the BSE IPO allotment status page.
Then, select ‘Equity’ as the issue type.
From the dropdown, choose ‘Shadowfax Technologies’.
Enter your application number or PAN.
Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Checking allotment status and refund initiation
Investors can check allotment status from January 23 onward. This can be done through the KFin Technologies registrar website, or the official BSE and NSE portals. PAN number, DP ID, or application number is required to verify if shares were allotted.
If an investor does not receive an allotment, refunds or UPI mandate reversals will begin on January 27. The blocked funds in the investor’s bank account will be released and available for other uses. Investors should monitor their bank statements for confirmation.
The company has further developed strong capabilities in high-density consumption centres to address the growing demand for hyperlocal deliveries, particularly in the quick commerce segment. By leveraging its last-mile strengths, it has established a dense intra-city delivery network within these centres. Its variable, gig-based delivery partner model ensures that delivery partner costs scale in proportion to delivery volumes, resulting in lower fixed costs and improved value propositions for clients.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Service Portfolio
The company's comprehensive service portfolio includes express forward parcel deliveries, reverse pickups and hand-in-hand exchange deliveries, prime deliveries, quick commerce and on-demand hyperlocal deliveries, mobility solutions, and other critical logistics services, allowing it to address the most diverse and complex client requirements .
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Interoperable fleet
The last-mile delivery fleet is interoperable across all service offerings, enabled by a sophisticated demand-supply allocation engine. Utilising the same fleet across diverse services increases efficiency, lowers costs for clients and expands earning opportunities for gig-based delivery partners.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Agile and customisable logistics services
Shadowfax Technologies serves the diverse and complex needs of its clients and end-consumers through a comprehensive suite of express logistics solutions, including forward parcel delivery, reverse pickups and hand-in-hand exchange logistics, prime delivery, quick commerce, on-demand hyperlocal delivery and critical item logistics. The broad service portfolio enables the company strengthen its relationship with clients and increase wallet share with the digital commerce clients.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Payment risk
Some of the clients choose cash on delivery (35% of total orders were cash on delivery orders as of H1 FY26) as the company's preferred payment method. The company acts as a limited agent for clients, holding the cash until it is transferred to them. In the past, the company encountered a few incidents where delivery partners were robbed of the cash they were carrying during deliveries.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: SBI Securities on IPO valuation
"At the upper price band of Rs 124, the IPO is valued at an EV/Sales and EV/EBITDA multiple of 2.4x and 106.5x, respectively. The company has exhibited strong revenue growth of 32.5% CAGR during the FY23-25 period and has been EBITDA positive since FY24. It operates an efficient and scalable asset-light business model, having an asset turnover of over 4x. The company does not own any delivery vehicles, while touchpoints and last-mile facilities are managed through a leasing model," said SBI Securities.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: How to check IPO allotment status
Via BSE Website
Go to the BSE IPO allotment status page.
Then, select ‘Equity’ as the issue type.
From the dropdown, choose ‘Shadowfax Technologies’.
Enter your application number or PAN.
Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
Some of the clients choose cash on delivery (35% of total order were cash on delivery order as of H1 FY26) as their preferred payment method. The company acts as a limited agent for clients holding the cash until it is transferred to them. In the past, the company encountered a few incidents where delivery partners were robbed of the cash they were carrying during deliveries
Shadowfax Technologies IPO Allotment LIVE: Financial performance
The company moved from losses to profitability recently. In FY25, Shadowfax reported a net profit of Rs 6.06 crore on revenue of Rs 2,514 crore. In the first half of FY26, profit reached Rs 21 crore.
Shadowfax Technologies IPO Allotment LIVE: Minimum investment
Retail investors must apply for at least one lot of 120 shares. At the upper price band of Rs 124, this equals a minimum investment of Rs 14,880. Small High Net-Worth Investors (sHNIs) need to apply for 14 lots, and Big High Net-Worth Investors (bHNIs) must apply for at least 68 lots.
Shadowfax Technologies IPO Allotment LIVE: Listing date
Shadowfax Technologies is scheduled to list on the National Stock Exchange and Bombay Stock Exchange on January 28, 2026. This is when the shares will be available for trading in the secondary market, and investors can monitor the listing price compared to the IPO price.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Credit to demat accounts
Successful applicants will have Shadowfax shares credited to their Demat accounts by the evening of January 27. Shares will appear under a temporary ISIN until listing. Only after crediting will investors be able to trade the shares once the IPO lists on the exchanges.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Proprietary tech capabilities
Shadowfax Technologies has built a tech-led logistics platform that is custom-built for enabling digital commerce penetration in India. Some of the critical modules include (i) a proprietary supply-demand allocation engine, (ii) an advanced delivery partner lifecycle management system (Frodo), (iii) an advanced fraud detection and prevention engine (SF Shield), and (iv) an AI-based address intelligence system (SF Maps).
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Extensive nationwide network
The company’s nationwide network infrastructure serves as the backbone of its efficient and scalable delivery system, encompassing first-mile, middle-mile and last-mile facilities. The infrastructure includes automated sort centres that have high sortation speed, accuracy and overall throughput, with some centres being operated through automised cross-belt sorters.
Investors can check allotment status from January 23 onward. This can be done through the KFin Technologies registrar website, or the official BSE and NSE portals. PAN number, DP ID, or application number is required to verify if shares were allotted.
If an investor does not receive an allotment, refunds or UPI mandate reversals will begin on January 27. The blocked funds in the investor’s bank account will be released and available for other uses. Investors should monitor their bank statements for confirmation.
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Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Subscription Status
By the close of bidding on January 22, the overall IPO subscription was approximately 2.86 times. The retail segment was oversubscribed 2.43 times, while QIBs showed strong interest at 4 times.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Basis of Allotment
Once the subscription period ends, the registrar KFin Technologies calculates the allotment. If retail demand exceeds supply, a lottery system is used to provide at least one lot to as many applicants as possible. NII allotments are usually proportionate to the number of shares applied for.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Subscription Categories
The IPO follows a standard quota system: 75% of shares are for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Individual Investors (RIIs). This ensures that institutional participation influences pricing while retail investors can still access the IPO.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Business model
Shadowfax operates a technology-driven, asset-light logistics platform. Instead of owning vehicles, the company uses a network of over 3.5 million gig workers. This model allows the company to scale deliveries for e-commerce, hyperlocal, and quick-commerce services across more than 14,000 pin codes in India.
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Where the funds will be used
The company plans to use the fresh issue proceeds to expand its logistics network. This will be used to set up new first-mile and last-mile centres, improve sorting facilities, and cover lease-related expenses. Part of the funds will also be used for branding, marketing, potential acquisitions, and general corporate purposes
Shadowfax Technologies IPO Allotment, GMP, Listing LIVE Updates: Issue size and structure recap
The Shadowfax Technologies IPO is a book-built issue worth Rs 1,907.27 crore. It includes a fresh issue of Rs 1,000 crore to raise capital for growth, while Rs 907.27 crore comes from an Offer for Sale (OFS) by existing investors. This structure allows early investors to partially exit their holdings while the company raises funds for expansion.