Shadowfax Technologies IPO Makes Stock Market Debut Today
The much-anticipated initial public offering (IPO) of Shadowfax Technologies Limited reaches its culmination today, January 28, 2026, as the company's equity shares are officially listed for trading on the Indian stock exchanges. This marks a significant milestone for the logistics solution provider, transitioning from a privately held entity to a publicly traded company accessible to a broad investor base.
Listing Details and Trading Schedule
According to official notifications, the shares of Shadowfax Technologies will be listed and admitted to dealings on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The BSE has confirmed the listing in its 'B' Group of Securities, effective from Wednesday, January 28, 2026. Notably, the scrip will participate in a Special Pre-open Session (SPOS) on the listing day, with regular trading commencing at 10:00 AM.
The public issue was open for subscription from January 20 to January 22, 2026, followed by the allotment finalization on January 23, 2026. The culmination of this process leads to today's listing, allowing investors to buy and sell shares in the secondary market.
Grey Market Premium Signals Cautious Debut
Ahead of the official listing, market participants closely monitor the grey market premium (GMP) to gauge potential listing price trends. Current data reveals a weak sentiment in the unofficial grey market. The Shadowfax Technologies IPO GMP today stands at ₹-3.5 per share, indicating that shares are trading at a discount of ₹3.5 compared to the issue price in these parallel markets.
This negative GMP suggests the estimated listing price could be around ₹120.5 per share, representing a discount of approximately 2.82% to the upper end of the IPO price band of ₹124 per share. Financial analysts echo this cautious outlook, anticipating the stock to list flat or at a minor discount to its issue price on the official exchanges.
IPO Subscription and Financial Highlights
The Shadowfax Technologies IPO witnessed decent investor demand, with the overall issue being subscribed 2.72 times. A breakdown of the subscription data shows varied interest across investor categories:
- Retail Individual Investors (RIIs): 2.31 times subscribed
- Qualified Institutional Buyers (QIBs): 3.81 times subscribed
- Non-Institutional Investors (NIIs): 84% subscribed
The company successfully raised ₹1,907.27 crore through this book-built issue. This comprised a fresh issue of 8.06 crore equity shares worth ₹1,000 crore, aimed at funding growth initiatives, and an offer for sale (OFS) of 7.32 crore shares amounting to ₹907.27 crore, providing partial exit to existing shareholders.
The IPO price band was set between ₹118 and ₹124 per share, allowing investors to bid within this range. ICICI Securities Ltd. acted as the book running lead manager for the issue, while Kfin Technologies Ltd. served as the registrar, managing the allotment and other procedural aspects.
As Shadowfax Technologies shares begin their journey in the public markets today, all eyes will be on the opening price and subsequent trading patterns, reflecting broader market sentiment towards the logistics and technology sector.
