Shadowfax Technologies IPO — A Big Leap for India’s Tech-Driven Logistics Player

Shadowfax Technologies Ltd, one of India’s fastest-growing tech-enabled logistics companies, is gearing up for a major debut on the Indian stock markets with its Initial Public Offering (IPO) opening on January 20, 2026 and closing on January 22, 2026.

IPO Highlights

Issue Size: ₹1,907 crore (approx) including a fresh issue of ₹1,000 crore and an Offer for Sale (OFS) of ₹907 crore by existing investors.
Price Band: ₹118 to ₹124 per share.
Lot Size: Minimum 120 shares, meaning a retail investor would need around ₹14,880 at the upper price band to apply.
Listing: Shares will be listed on both NSE and BSE, with a tentative listing date around January 28, 2026.

About Shadowfax

Founded in 2016, Shadowfax has built a strong technology-driven logistics network catering to e-commerce express delivery, last-mile and first-mile services, reverse logistics, and hyperlocal solutions across India. Its extensive footprint covers over 14,700 pin codes through more than 4,200 touchpoints.

The company serves a diverse mix of clients ranging from e-commerce and quick commerce platforms to food-delivery and on-demand mobility services, positioning itself as a key player in India’s booming logistics sector.