The primary market woke up to fresh action today as Shadowfax Technologies IPO Day 1 Live officially began on 20 January 2026. For investors tracking India’s fast-growing logistics space, today marks an important entry point as Shadowfax brings its public issue to Dalal Street.
At Samco Securities, we closely watch how such IPOs unfold—not just on Day 1, but in how they fit into broader market sentiment. Here’s a clean, clear, and grounded look at what’s happening today, based strictly on the available data.
Market Performance: IPO Window Opens for Three Days
The Shadowfax Technologies IPO opened for subscription today and will remain open until 22 January 2026.
This makes it a three-day book-built issue, giving investors enough time to assess the offer structure and company background before the window closes.
Key issue details at a glance:
- IPO opening date: 20 January 2026
- IPO closing date: 22 January 2026
- Price band: ₹118 to ₹124 per equity share
- Total issue size: ₹1,907 crore
The market response on Day 1 will be closely tracked, especially with logistics and e-commerce-linked companies remaining in focus.
Main News: Issue Structure and Fundraising Details
The Shadowfax Technologies IPO Day 1 Live issue is structured as a mix of fresh capital and Offer for Sale (OFS).
Here’s the breakup:
- Fresh issue: ₹1,000 crore
- Offer for Sale (OFS): ₹907 crore
The fresh issue component will lead to new equity shares being issued, while the OFS portion allows existing shareholders to divest part of their stake. The overall fundraising target stands firm at ₹1,907 crore, as disclosed in the offer details.
Important timeline ahead:
- Likely allotment date: 23 January 2026
- Likely listing date: 28 January 2026
The book-running lead managers for the issue are:
- ICICI Securities
- Morgan Stanley India
- JM Financial
Company Details: Inside Shadowfax Technologies
Incorporated in June 2016, Shadowfax Technologies Ltd operates as an integrated logistics solutions provider in India. Over the years, the company has built its presence alongside the rapid expansion of e-commerce and digital-first delivery models.
Shadowfax’s core business focuses on:
- E-commerce express parcel delivery
- D2C (direct-to-consumer) logistics
- Hyperlocal and quick commerce deliveries
- Same-day and within-hours delivery services
- SMS and personal courier services via the Shadowfax Flash app
This diversified service mix allows the company to operate across multiple delivery use cases rather than relying on a single segment.
Pan-India Network and Operational Scale
What sets Shadowfax apart operationally is the scale of its logistics network.
As of 30 September 2025, the company reported:
- 4,299 logistics touchpoints
- Coverage across 14,758 pin codes
- 3.50 million sq ft of total operational space
Network infrastructure details include:
- 53 sort centres
- 1.80 million sq ft dedicated to sorting, consolidation, and dispatch
These facilities support both first-mile and last-mile delivery, forming the backbone of Shadowfax’s nationwide logistics operations.
Why Shadowfax Technologies IPO Day 1 Live Matters?
The Shadowfax Technologies IPO Day 1 Live comes at a time when investors are closely watching companies linked to India’s consumption, e-commerce, and delivery ecosystem. With a clear issue size, defined timelines, and disclosed operational scale, the IPO adds another logistics-focused name to the primary market space.
The coming days will decide how the market digests this offering—but Day 1 sets the tone.
Summary: Shadowfax Technologies IPO Snapshot
To sum it up:
- Shadowfax Technologies IPO Day 1 Live opened on 20 January 2026
- Issue closes on 22 January 2026
- Price band: ₹118–₹124 per share
- Total issue size: ₹1,907 crore
- Fresh issue: ₹1,000 crore
- OFS: ₹907 crore
- Likely allotment: 23 January 2026
- Likely listing: 28 January 2026
As always, keeping a close eye on subscription trends and market mood will be key over the next three days. From here, the IPO story of Shadowfax Technologies officially begins.
Source: Livemint
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