Shadowfax Technologies share price: Stock lists at 9% discount on NSE; here's how much investors lost

On the BSE, the stock listed at ₹113, down 8.87% from the issue price.

Shadowfax Technologies share price: Here's how much investors lost

The initial share sale sought to raise ₹1,907.27 crore through the fresh issuance of shares worth ₹1,000 crore and an offer for sale (OFS) component of ₹907.27 crore.

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

The money generated will be utilised for first-mile and last-mile and sort centres, branding, marketing and communication initiatives, to improve network infrastructure capacity, for corporate general purposes and for unidentified inorganic acquisitions.

The IPO was booked 2.72 times, with bids for 24,23,88,360 shares compared to 8,90,88,807 equity shares on offer, as per the stock exchanges data.

Shadowfax Technologies offers logistics services for e-commerce, quick commerce, on-demand mobility and food delivery. As of September 2025, Shadowfax network spans over 14,700 pin codes in India, providing diverse services for express parcel deliveries, exchange deliveries, reverse pickups, prime and same-day deliveries, mobility services, hyperlocal deliveries and critical logistics. It is among the fastest-growing major third-party logistics players in India.

Shadowfax Technologies financials