Shadowfax Technologies IPO opens Jan 20: Check price band, lot size, key dates and more

Shadowfax Technologies IPO: The initial public offering of logistics solution provider Shadowfax Technologies will hit the primary market on January 20. The company has set a price band of ₹118 to ₹124 per share.

The bidding for anchor investors will take place on January 19, while the issue will conclude on January 22.

The ₹1,907.27 crore initial public offering is a mix of fresh issuance of shares valued at ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore.

As a part of the OFS, Flipkart Internet Pvt Ltd, Eight Roads Investments Mauritius II, International Finance Corporation, Qualcomm Asia Pacific, Nokia Growth Partners IV, L.P., NewQuest Asia Fund IV (Singapore), Mirae Asset - GS Retail New Growth Fund I and Mirae Asset - Naver New Growth Fund I will offload their shares.

The fresh issue proceeds will be utilised for capital expenditure requirements for network infrastructure, lease payments for new first-mile centres, last-mile centres and sort centres, funding branding, marketing and communication costs, unidentified inorganic acquisitions and general corporate purposes.

Shadowfax Technologies IPO: Lot size

A lot consists of 120 shares and multiples thereof. The company has reserved 75% of the offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.

Shadowfax Technologies IPO: Allotment and listing date

ICICI Securities, JM Financial and Morgan Stanley India are the issue's book-running lead managers, while KFin Technologies is the registrar.

About Shadowfax Technologies

Shadowfax Technologies is a new-age, technology-led third-party logistics firm. It leverages technology to facilitate digital commerce, with a service network covering 14,758 pin codes in India as of September 30, 2025. It serves an array of enterprise clients, including horizontal and non-horizontal e-commerce, food marketplace, quick commerce, and on-demand mobility companies. Its services include express forward parcel deliveries, prime deliveries, reverse pickups and hand-in-hand exchange deliveries, quick commerce and on-demand hyperlocal deliveries, and other services, including critical logistics.