How to Check Shadowfax Technologies IPO Allotment Status

Shadowfax Technologies Ltd is a logistics solution provider company in India. The company was incorporated in June 2016. The company 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 Shadowfax's Flash app.

The company's nationwide logistics network includes 4,299 touchpoints across first- and last-mile centres and sort centres as of September 30, 2025, serving 14,758 pin codes. It is supported by over 3.50 million sq ft of operational space, including 53 sort centres covering 1.80 million sq ft, for shipment consolidation, sorting, and dispatch.

The company leases its logistics facilities and linehaul, owning automation and machinery for control. It operates a dedicated fleet of over 3,000 trucks daily as part of its asset-light linehaul network. As of September 30, 2025, the company's platform had 205,864 Average Quarterly Unique Transacting Delivery Partners.

The company's clients include Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber, Pincode, Purplle, Licious, ONDC, Magicpin, among others. This makes them the only large-scale provider for last-mile and end-to-end e-commerce delivery, as well as quick commerce, food delivery, and hyperlocal services.

By September 30, 2025, the company's e-commerce logistics network spanned 14,758 pin codes throughout India. As of September 30, 2025, the company had 4,472 permanent employees and 17,182 contract workers. As of September 30, 2025, Shadowfax Technologies had total assets of ₹1,453.16 crore.

The Shadowfax Technologies IPO came with a total issue size of ₹1,907.27 crore, comprising a fresh issue of ₹1,000.00 crore and an offer for sale of ₹907.27 crore. The IPO opened on January 20, 2026, and closed on January 22, 2026. The allotment is expected on Friday, January 23, 2026. The share price band was set at ₹118 to ₹124 per share.

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Steps to Check Shadowfax Technologies IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd. 
• Select "Shadowfax Technologies" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Shadowfax Technologies IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Shadowfax Technologies" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Steps to Check Shadowfax Technologies IPO Allotment Status on NSE

• Navigate to the NSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Shadowfax Technologies" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Shadowfax Technologies IPO received modest investor interest, being subscribed 2.86 times overall. Below is the detailed subscription status as of 4:54:54 PM on January 22, 2026.

Shadowfax Technologies IPO Subscription Status

Category-wise final subscription:
QIB Category (Ex Anchor): 4.00 times
Non-Institutional Investors (NII): 0.88 times
Retail Investors: 2.42 times

Shadowfax Technologies IPO Share Price and Investment Details

The minimum investment required was ₹14,880 for 1 lot (120 shares). The issue raised ₹856.02 crore from anchor investors. Given the overall subscription of 2.86 times, with solid institutional participation but relatively weak NII demand, the listing expectations remain modest.

Utilisation of IPO Proceeds

The proceeds will be utilized for capital expenditure towards network infrastructure (₹423.43 crore), lease payments for new first mile centers, last mile centers and sort centers (₹138.64 crore), branding, marketing and communication costs (₹88.57 crore), along with unidentified inorganic acquisitions and general corporate purposes.

Business Overview

Shadowfax Technologies Limited operates in the new-age, technology-led 3PL logistics segment. The company reduced losses from FY23 to FY24 and reported a turnaround to profitability in FY25, continuing profitability in H1-FY26.

It maintains a low debt-equity ratio of 0.20. Key strengths include agile and customizable logistics solutions enabling faster go-to-market for clients, a large last-mile gig-based delivery network, scalable network infrastructure, proprietary technology capabilities, a profitability-focused growth model, and an experienced management team supported by entrepreneurial founders. Investors should note the post-issue P/E ratio of 170.39 and Price to Book Value of 8.97.