Shadowfax Technologies, a Flipkart-backed logistics and delivery firm, has set the price band for its initial public offering (IPO) at ₹118–₹124 per share.
The Bengaluru-based logistics company is preparing to launch its ₹1,907 crore IPO on January 20, 2026, with the subscription window closing on January 22. Shares will be allotted to anchor investors a day before the public issue opens.
Shadowfax’s IPO includes a fresh issue of around ₹1,000 crore and an offer-for-sale (OFS) of roughly ₹907 crore, in which prominent investors such as Flipkart India, Eight Roads Investments, International Finance Corporation, Nokia Growth Partners, NewQuest Asia Fund, and Miare Asset will partially exit their stakes.
The lot size has been fixed at 120 shares, which means retail investors will need nearly ₹14,880 at the top end of the price band to subscribe for one lot. The company is aiming for a post-money valuation of approximately ₹7,400 crore, slightly lower than previous internal estimates.
Also Read: Upcoming IPO: Rodec Pharma Files DRHP with SEBI to Raise Funds via IPO
Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, Shadowfax operates in last-mile delivery for e-commerce and hyperlocal businesses, covering over 14,000 pin codes across India with a network of 1.25 lakh delivery partners.
In terms of financials, Shadowfax posted revenue of ₹2,485 crore in FY25, marking a 32% year-on-year growth, along with a net profit of ₹6.4 crore. For the first half of FY26, the company reported ₹1,806 crore in revenue and a profit of ₹21 crore.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 14, 2026, 11:58 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN