Shadowfax Technologies Limited is entering the public markets through Mainboard IPO with an issue size of ₹1,907.27 crore. The issue consists of a fresh issue of ₹1,000.00 crore and an offer for sale of ₹907.27 crore. The shares are proposed to be listed on NSE & BSE.
The IPO subscription window opens on January 20, 2026 and will remain open until January 22, 2026. The company plans to list its shares on January 28, 2026. Since this is a Mainboard IPO, participation is expected from a wide range of investors.
Shadowfax Technologies Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Shadowfax Technologies Limited that investors generally review before applying.
IPO Details at a Glance
| Company Name | Shadowfax Technologies Limited |
|---|---|
| IPO Segment | Mainboard |
| Sale Type | Fresh Issue + Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Price | ₹118 – ₹124 Per Share |
| Lot Size | 120 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & BSE |
Shadowfax Technologies Limited IPO Important Dates
The following table highlights the key dates for the Shadowfax Technologies Limited IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 20 Jan 2026 |
|---|---|
| IPO Closing Date | 22 Jan 2026 |
| Allotment Finalization | 23 Jan 2026 |
| Initiation of Refunds | 27 Jan 2026 |
| Credit of Shares | 27 Jan 2026 |
| IPO Listing Date | 28 Jan 2026 |
Shadowfax Technologies Limited IPO Size
| Total IPO Size | ₹1,907.27 Crore |
|---|---|
| Offer For Sale | ₹907.27 Crore |
| Fresh Issue | ₹1,000.00 Crore |
Shadowfax Technologies IPO IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Shadowfax Technologies IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹118 to ₹124 per share.
Investors can apply for the IPO with a minimum of 120 shares. Applications must be made in multiples of 120 shares.
- Retail investors can apply from 1 lot to 13 lots.
- Small HNI (SHNI) investors must apply for at least 14 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 68 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹124 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹124 | ₹14,880 |
| Retail (Max) | 13 | 1,560 | ₹124 | ₹193,440 |
| S-HNI (Min) | 14 | 1,680 | ₹124 | ₹208,320 |
| S-HNI (Max) | 67 | 8,040 | ₹124 | ₹996,960 |
| B-HNI | 68 | 8,160 | ₹124 | ₹1,011,840 |
IPO Financial Summary
- Total Assets changed by 60.18% in FY 2024-2025.
- Total Revenue changed by 32.6% in FY 2024-2025.
- Profit After Tax turned positive in FY 2025 at 6.06.
- Reserves & Surplus changed by 43.89% in FY 2024-2025.
- Total Borrowings changed by 227.87% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 1,453.16 | 1,259.26 | 786.14 | 442.73 |
| Total Revenue (₹ Cr) | 1,819.80 | 2,514.66 | 1,896.48 | 1,422.89 |
| Profit After Tax (₹ Cr) | 21.04 | 6.06 | -11.88 | -142.64 |
| Reserves & Surplus (₹ Cr) | 281.26 | 248.16 | 172.47 | 171.20 |
| Total Borrowings (₹ Cr) | 147.44 | 132.23 | 40.33 | 66.69 |
Shadowfax Technologies IPO Promoter Holding
| Promoter(s) | Abhishek Bansal and Vaibhav Khandelwal |
|---|---|
| Pre-Issue Holding | 19.13% |
3rd Floor, Shilpitha Tech Park
Sy No. 55/3 & 55/4
Outer Ring Road, Devarabisanahalli Village, Bellandur,
Varthur Hobli, Bengaluru – 560103
Karnataka, India
Shadowfax Technologies Limited IPO FAQs
The Shadowfax Technologies Limited IPO is a Mainboard Bookbuilding IPO with a total issue size of ₹1,907.27 crore.
The IPO will open for subscription on Tue, 20 Jan 2026 and will close on Thu, 22 Jan 2026.
The shares are being offered at a price band of ₹118 to ₹124 per equity share.
Investors can apply for the IPO with a minimum lot size of 120 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹14,880.
The shares of Shadowfax Technologies Limited are expected to be listed on NSE & BSE on Wed, 28 Jan 2026.
Each equity share in the IPO has a face value of ₹10.
The IPO consists of a Fresh Issue + Offer For Sale, where shares are being offered by existing shareholders.
How to Apply for Shadowfax Technologies Limited IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
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