Shadowfax Technologies IPO shares listing today; GMP signals a discounted debut
Shadowfax Technologies sold its shares in the price band of Rs 118-124 apiece, which could be applied for a minimum of 120 shares and its multiples thereafter.
- Jan 28, 2026,
- Updated Jan 28, 2026 8:03 AM IST
Shares of Shadowfax Technologies are set to make Dalal Street debut on Wednesday, January 28 and the new-age logistics solutions provider is likely to list on a muted note, disappointing investors, if one goes by the latest signals based upon the grey market premium (GMP) of the company.
Ahead of its listing, the GMP of Shadowfax Technologies saw a sharp correction on the back of muted bidding and fragile market sentiments. Last heard, it was commanding a discount of Rs 3-5 per share in the unofficial market, suggesting a weak listing pop for the investors. The GMP stood around Rs 4-6 on the first day of the bidding.
The IPO of Shadowfax Technologies was open for subscription between January 20 and January 22. It sold its shares in the price band of Rs 118-124 per share with a lot size of 120 shares. The company raised a total of Rs 1,907 crore via IPO, which included a fresh shares sale of Rs 1,000 crore and offer-for-sale (OFS) up to 7.31 crore shares worth Rs 907 crore.
The issue was overall subscribed only 2.72 times, attracting bids for over Rs 3,000 crore through more than 2.25 lakh applications. The portion for qualified-institutional bidders (QIBs) was subscribed 3.81 times, while the portion for retail bidders was booked 2.31 times during the bidding process. The allocation for non-institutional investors (NIIs) was under subscribed at 84 per cent only.
Incorporated in 2016, Bengaluru-based Shadowfax Technologies is a logistics solution provider company in India. It offers e-commerce express parcel delivery and a suite of value-added offerings. Its service offerings include e-commerce and D2C delivery, hyperlocal & quick commerce within hours or same day, and SMS & personal courier services through its flash app.
Brokerage firms had mixed views on the issue. ICICI Securities, Morgan Stanley India Company and JM Financial were the book running lead managers for the IPO of Shadowfax Technologies and Kfin Technologies was the registrar of the issue. Shares of the company shall be listed on both BSE and NSE.
Shares of Shadowfax Technologies are set to make Dalal Street debut on Wednesday, January 28 and the new-age logistics solutions provider is likely to list on a muted note, disappointing investors, if one goes by the latest signals based upon the grey market premium (GMP) of the company.
Ahead of its listing, the GMP of Shadowfax Technologies saw a sharp correction on the back of muted bidding and fragile market sentiments. Last heard, it was commanding a discount of Rs 3-5 per share in the unofficial market, suggesting a weak listing pop for the investors. The GMP stood around Rs 4-6 on the first day of the bidding.
The IPO of Shadowfax Technologies was open for subscription between January 20 and January 22. It sold its shares in the price band of Rs 118-124 per share with a lot size of 120 shares. The company raised a total of Rs 1,907 crore via IPO, which included a fresh shares sale of Rs 1,000 crore and offer-for-sale (OFS) up to 7.31 crore shares worth Rs 907 crore.
The issue was overall subscribed only 2.72 times, attracting bids for over Rs 3,000 crore through more than 2.25 lakh applications. The portion for qualified-institutional bidders (QIBs) was subscribed 3.81 times, while the portion for retail bidders was booked 2.31 times during the bidding process. The allocation for non-institutional investors (NIIs) was under subscribed at 84 per cent only.
Incorporated in 2016, Bengaluru-based Shadowfax Technologies is a logistics solution provider company in India. It offers e-commerce express parcel delivery and a suite of value-added offerings. Its service offerings include e-commerce and D2C delivery, hyperlocal & quick commerce within hours or same day, and SMS & personal courier services through its flash app.
Brokerage firms had mixed views on the issue. ICICI Securities, Morgan Stanley India Company and JM Financial were the book running lead managers for the IPO of Shadowfax Technologies and Kfin Technologies was the registrar of the issue. Shares of the company shall be listed on both BSE and NSE.