Shadowfax IPO allotment today: How to check status on BSE, NSE and KFin Tech – CNBC TV18

The allotment of shares for the initial public offering (IPO) of Shadowfax Technologies is scheduled for Friday, January 23. The ₹1,907.27 crore issue was subscribed 2.86 times at the close of bidding.

The three-day IPO of the logistics services provider garnered bids for 24.25 crore shares against an offer size of 8.5 crore shares.

The portion reserved for retail individual investors was subscribed 2.43 times, while qualified institutional buyers subscribed their quota four times. The non-institutional investors’ category was subscribed 88%.

How to check allotment status

Investors can check the allotment status on the BSE website by selecting ‘Equity’ under issue type, choosing Shadowfax Technologies from the dropdown, and entering either the application number or PAN before completing the captcha.

A similar facility is available on the NSE website, where applicants need to select equity and SME IPO bid details, choose the company name, and provide PAN and application details.

The allotment status can also be checked on the KFin Technologies portal by selecting the IPO name and verifying through PAN, application number, or demat account details.

Shadowfax IPO details

The IPO was open for subscription between January 20 and January 22, with the Bengaluru-based company offering shares in a price band of ₹118 to ₹124.

The issue comprised a fresh issue worth ₹1,000 crore and an offer for sale of ₹907 crore by existing shareholders.

Under the offer for sale, several investors pared their stakes, including Flipkart Internet, Eight Roads Investments Mauritius II, NewQuest Asia Fund IV, Nokia Growth Partners IV, International Finance Corporation, Mirae Asset, Qualcomm Asia Pacific, and Snapdeal co-founders Kunal Bahl and Rohit Kumar Bansal.

Proceeds from the fresh issue will be used to expand network infrastructure, fund lease payments for new first-mile, last-mile and sorting centres, strengthen branding and marketing initiatives, pursue unidentified inorganic acquisitions, and meet general corporate requirements.

Ahead of the IPO, Shadowfax raised ₹856.02 crore from anchor investors such as ICICI Prudential Mutual Fund, Nippon India MF, Motilal Oswal MF, Government Pension Fund Global, Edelweiss Mutual Fund, Morgan Stanley Asia (Singapore) Pte – ODI, BofA Securities Europe SA – ODI, and HSBC MF.

Backed by marquee investors including Flipkart, TPG, Eight Roads Ventures, Mirae Asset Ventures and Nokia Growth Funds, Shadowfax operates a nationwide logistics network covering 14,758 pincodes as of September 2025.

The company services enterprise clients across e-commerce, quick commerce, food marketplaces and on-demand mobility, offering solutions such as express forward parcel delivery, reverse logistics, hyperlocal services and critical logistics.

For the first half of FY26, Shadowfax reported revenue of around ₹1,800 crore, a 68% year-on-year increase, while total revenue stood at ₹2,485 crore in FY25.

The e-commerce express parcel segment contributes about 70% of overall revenue, with hyperlocal and quick commerce logistics accounting for nearly 20%.

ICICI Securities, Morgan Stanley India Company and JM Financial are the book running lead managers to the issue, while KFin Technologies is the registrar.