Shadowfax IPO GMP is currently at ₹6 as of 20 January 2026, based on the latest activity in the grey market. The grey market premium gives an early indication of how the IPO is being perceived by informal market participants before its official listing.
The IPO has an upper price band of ₹124 per share. Based on the current Shadowfax IPO GMP, the estimated listing price is around ₹130 (4.84%) per share. At the current level, the GMP indicates weak sentiment ahead of listing. A positive GMP usually reflects decent investor interest, while a lower GMP signals cautious sentiment.
Contents
Shadowfax IPO Day-wise GMP Trend
| Date | IPO Price | GMP | Est. Listing | Gain | Trend |
|---|---|---|---|---|---|
| 20-Jan-2026 | ₹124 | ₹6 | ₹130 | 4.84% | FLAT |
| 19-Jan-2026 | ₹124 | ₹6 | ₹130 | 4.84% | DOWN |
| 18-Jan-2026 | ₹124 | ₹10 | ₹134 | 8.06% | UP |
| 17-Jan-2026 | ₹124 | ₹9 | ₹133 | 7.26% | DOWN |
| 16-Jan-2026 | ₹124 | ₹15 | ₹139 | 12.1% | DOWN |
| 15-Jan-2026 | ₹124 | ₹16 | ₹140 | 12.9% | FLAT |
| 14-Jan-2026 | ₹124 | ₹16 | ₹140 | 12.9% | UP |
| 13-Jan-2026 | ₹124 | ₹0 | ₹124 | 0% | FLAT |
Disclaimer: IPO GMP, Kostak, and Subject to Sauda (Sub2) rates are unofficial and shared for informational purposes only. We do not trade or recommend participation in the grey market. GMP is not a guarantee of listing performance. Investors should apply after reviewing the company’s fundamentals and official offer documents.
Shadowfax Technologies IPO Details
| Particulars | 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 ₹1,907.27 crores |
| Fresh Issue | Approx ₹1,000 crores |
| Offer for Sale | Approx [.] equity shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Also Read: Shadowfax IPO
Shadowfax Technologies IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | January 20, 2026 |
| IPO Close Date | January 22, 2026 |
| Basis of Allotment | January 23, 2026 |
| Refunds Initiation | January 23, 2026 |
| Credit to Demat Account | January 27, 2026 |
| IPO Listing Date | January 28, 2026 |
| Bidding Cut-off Time | 5 PM |
Shadowfax Technologies Lot Details
| IPO Activity | Date |
|---|---|
| Issue Price | ₹118.00-124.00 |
| Market Lot | 120 Shares |
| Retail Min | ₹14,880 |
| Min Small HNI Lots | 1680 shares (14 lots) – ₹2,08,320 |
| Min Big HNI Lots | 8160 shares (68 lots) – ₹10,11,840 |
Business Analysis and Financial Health
Shadowfax Technologies Limited shows a notable improvement in business performance and financial health as it heads into its IPO. The company has recorded strong revenue growth, with total income rising significantly in FY25 and a turnaround to profitability after years of losses, including a notable profit surge in H1 FY26.
Shadowfax’s asset-light logistics model and technology-driven services have helped it scale rapidly and expand market share in express parcel delivery, reverse logistics, and quick commerce segments. While EBITDA and profit margins remain modest, trends show improving operational efficiency.
The firm also continues to diversify its client base beyond major marketplaces to include fast-growing D2C brands, reducing concentration risk and supporting balanced future growth.
Shadowfax IPO GMP FAQs
What is the latest Shadowfax IPO GMP today?
The current GMP is ₹6 as of 20 January 2026. It reflects the unofficial grey market sentiment ahead of the listing.
What is the estimated listing price of Shadowfax IPO?
Based on the current GMP of ₹6, the estimated listing price is around ₹130 (4.84%) per share. Actual listing price may differ.
What was the highest and lowest GMP of Shadowfax IPO?
The highest GMP of Shadowfax IPO was ₹16 on 14 January 2026, while the lowest GMP recorded was ₹6 on 19 January 2026.
What is the minimum market lot for Shadowfax SME IPO?
The minimum market lot size is 120 shares, requiring an investment of approximately ₹14,880 at the issue price.
What is the estimated profit per lot in Shadowfax IPO?
The estimated profit is calculated as: 120 × ₹10 = ₹1200.
Expert Review
Shadowfax IPO GMP at ₹10 reflects steady demand and improving investor confidence. While GMP suggests positive listing expectations, returns will depend on broader market sentiment and post-listing performance. Long-term investors should focus more on business scalability than short-term GMP signals.
