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Shadowfax Technologies
Price Band
₹118.0–124.0
Issue Size
₹1907.27 Cr
Lot Size
120 shares
Min Investment
₹14,880
GMP
₹-3.5 (-2.82%)
Issue Price
₹124.0
calendar_month Important Dates
bar_chart Subscription Status
Subscription data unavailable
trending_up Grey Market Premium (GMP)
GMP
₹-3.5
GMP %
-2.82%
Est. Listing
₹120.5
schedule Updated: 14 Jul 2026 15:52
Share GMP:
business About the Company
Shadowfax Technologies Ltd is an India-based integrated logistics solutions company, focused on enabling large-scale e-commerce, D2C, quick commerce, and hyperlocal deliveries across the country. The company provides a comprehensive suite of services, including e-commerce and direct-to-consumer parcel delivery, hyperlocal and quick commerce deliveries within hours or same day, and SMS and personal courier services through its proprietary Shadowfax Flash app. Shadowfax operates a pan-India logistics network comprising 4,299 touchpoints, including first-mile, last-mile, and sortation centres, covering 14,758 pin codes as of September 30, 2025. Its operations are supported by over 3.50 million sq. ft. of logistics infrastructure, of which 53 sort centres account for approximately 1.80 million sq. ft., enabling efficient shipment aggregation, sorting, and dispatch. The company follows an asset-light operating model, leasing warehouses and linehaul infrastructure while owning key automation systems and machinery to maintain operational control and efficiency. Its linehaul network includes a dedicated fleet of more than 3,000 trucks operating daily. The company serves a diversified client base spanning e-commerce, quick commerce, food delivery, and hyperlocal platforms, including Meesho, Flipkart, Myntra, Swiggy, BigBasket, Zepto, Nykaa, Blinkit, Zomato, Uber, ONDC, Magicpin, Licious, Purplle, and others. This positions Shadowfax as one of the few logistics players in India capable of delivering end-to-end, last-mile, and rapid delivery solutions at scale. Competitive strengths Agile and customisable logistics services. Largest last-mile gig-based delivery partner infrastructure. Strong network infrastructure for efficient and scalable delivery system. Proprietary and agile technology capabilities. Proven business model, with focus on profitability, while delivering healthy growth. Experienced management team supported by entrepreneurial founders.
payments Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,453.16 | 1,259.26 | 786.14 | 442.73 |
| Total Income | 1,819.80 | 2,514.66 | 1,896.48 | 1,422.89 |
| Profit After Tax | 21.04 | 6.06 | -11.88 | -142.64 |
| EBITDA | 64.34 | 56.19 | 11.37 | -113.47 |
| NET Worth | 693.53 | 660.43 | 421.78 | 176.32 |
| Reserves and Surplus | 281.26 | 248.16 | 172.47 | 171.20 |
| Total Borrowing | 147.44 | 132.23 | 40.33 | 66.69 |
Key Ratios
EPS
₹0.12
NAV
₹13.83
RoNW
0.97%
P/B Value
8.97
P/E Ratio
1017.96
Market Cap
₹7168.85 Cr
Debt/Equity
0.20
Promoters
Abhishek Bansal and Vaibhav Khandelwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements of the Company in relation to the network infrastructure 423.43 2 Funding of lease payments for new first mile centers, last mile centers and sort centers 138.64 3 Funding of branding, marketing and communication costs 88.57 4 Unidentified inorganic acquisitions and general corporate purposes 291.94 5 Issue Expenses 109.51 Total 1,052.09
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
20 Jan 2026
Close
22 Jan 2026
Allotment
23 Jan 2026
Listing
28 Jan 2026