Logistics provider Shadowfax Technologies Ltd. is set to launch its initial public offering (IPO) on Jan. 20. The issue, worth Rs 1,907.27 crore, is being closely watched by investors, given the company's rapid growth and strong presence in last-mile delivery.
Market participants are also tracking broader sentiment and grey market premium (GMP) trends ahead of the launch. The mainboard public issue will remain open for subscription till Jan. 22. Here's a look at the latest GMP and other key details of the IPO.
Shadowfax Technologies IPO GMP Today
According to Investorgain, the latest GMP of Shadowfax Technologies IPO stood at Rs 15, as of 11:30 a.m. on Jan. 16. With a price band of Rs 124, the estimated listing price is Rs 139, factoring in the GMP. This implies an expected gain of 12.10% per share over the issue price, indicating positive investor sentiment among investors ahead of the listing.
Note: GMP does not represent official data and is based on speculation.
Shadowfax Technologies IPO Details
Shadowfax Technologies IPO comprises a fresh issue of 8.06 crore shares aggregating Rs 1,000 crore and an offer-for-sale (OFS) of 7.32 crore shares worth Rs 907.27 crore. The price band has been fixed at Rs 118 to Rs 124 per share.
Each application consists of a lot size of 120 shares. This means it requires a minimum retail investment of Rs 14,880 at the upper price band. The allotment is expected to be finalised on Jan. 23. The shares are scheduled to list on the BSE and NSE on Jan. 28.
ICICI Securities Ltd. is the book running lead manager, while Kfin Technologies Ltd. is the registrar of the issue.
Shadowfax Technologies IPO: Business And Financials
Incorporated in June 2016, Shadowfax Technologies Ltd. is an India-based logistics solutions provider focused on e-commerce express parcel delivery. The company has built a wide national footprint, serving 14,758 pin codes across the country.
For the year ended March 31, 2025, Shadowfax reported a total income of Rs 2,514.66 crore, up from Rs 1,896.48 crore in the previous fiscal. The company also posted a profit after tax of Rs 6.06 crore compared with a loss of Rs 11.88 crore in FY24. Ebitda rose sharply to Rs 56.19 crore from Rs 11.37 crore.
The company plans to use IPO proceeds primarily to fund capital expenditure for network infrastructure. Additional funds will support lease payments for new facilities, branding and marketing initiatives. The remaining funds will be used for unidentified inorganic acquisitions and general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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