Shadowfax
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The Shadowfax IPO is scheduled to open on January 20, 2026, and will close on January 22, 2026. This IPO is a book-built issue, through which the company plans to raise approximately ₹1,907 crore. The issue includes a fresh issue of ₹1,000 crore, along with an offer for sale of up to 7,31,66,935 equity shares, each having a face value of ₹10.
The price band for the Shadowfax Technologies IPO has been fixed between ₹118 and ₹124 per share. The allocation structure consists of 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are proposed to be listed on both the BSE and NSE on January 28, 2026, while the allotment is expected to be completed on January 23, 2026.
In terms of financial performance, Shadowfax reported a revenue of ₹2,514.66 crore in FY2025, compared to ₹1,896.48 crore in FY2024. The company posted a profit of ₹6.06 crore in FY2025, improving from a loss of ₹11.88 crore in the previous year. Based on this turnaround and revenue growth, the IPO may be considered by investors with a long-term investment horizon, subject to their risk assessment.
Shadowfax Technologies IPO Details
IPO Open Date | January 20, 2026 |
IPO Close Date | January 22, 2026 |
Face Value | ₹10 Per Equity Share |
IPO Price Band | ₹118 to ₹124 Per Share |
Issue Size | Approx ₹1907.27 Crores |
Fresh Issue | Approx ₹1,000 Crores |
Offer for Sale: | Approx 7,31,66,935 Equity Shares |
Issue Type | Book Built Issue |
IPO Listing | BSE, NSE |
DRHP Draft Prospectus | https://www.icicisecurities.com/Upload/ArticleAttachments/Shadowfax%20Technologies%20Limited%20%20-%20UDRHP-I.pdf |
RHP Draft Prospectus | https://www.jmfl.com/Common/getFile/5537 |
Shadowfax Technologies IPO Market Lot
The Shadowfax IPO minimum market lot is 120 shares with ₹14,880 application amount. The retail investors can apply up-to 13 lots with 1,560 shares of ₹1,93,440 amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 120 | ₹14,880 |
Retail Maximum | 13 | 1,560 | ₹1,93,440 |
S-HNI Minimum | 14 | 1,680 | ₹2,08,320 |
S-HNI Maximum | 67 | 8,040 | ₹9,96,960 |
B-HNI Minimum | 68 | 8,160 | ₹10,11,840 |