Sign In
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
Kolkata: Logictics services provider Shadoxfax Technologies had a moderately successful first day of bidding when it attracted 0.50 times overall subscription -- 1.20 times in the retail category, 0.40 times in QIB (Ex Anchor) category and 0.23 times in the NII category. It is clear that the real investors displayed the biggest rust on this issue. The company have successfully placed shares worth Rs 856 crore out to anchor investors, both domestic and foreign.
The Rs 1907.27-crore public issue consists of a fresh issue of 8.06 crore shares aggregating to Rs 1,000 crore and an OFS segment (offer for sale) of 7.32 crore shares aggregating to Rs 907.27 crores. The company is in the business of providing logistics services.
According to investorgain, the GMP in early morning of Jan 20 is Rs 4. Considering a price band of Rs 124, the estimated listing price signalled by this level of GMP is Rs 128. The listing gain, therefore, will be 3.23%. The GMP of the issue stood at Rs 16 on Jan 15 and since then it has declined to the current level. However, it must be remembered that GMP is an unofficial gauge that is volatile and does not guarantee anything -- gain or loss on listing.
Shadowfax Technologies IPO price band is Rs 118-124 per share. For a retail investor, the lot size for the minimum application is 120 shares and the minimum amount that he/she needs to invest in it is Rs 14,880 based on upper end of the price band. However, the lot size investment for sNII is 14 lots or 1,680 shares and that for bNII category of investors, it is 68 lots or 8,160 shares. ICICI Securities is the lead manager while Kfin Technologies is the registrar of the issue.
Analysts have pointed out that one of the risks of the company is a HR risk. Shadowfax depends on a crowdsourced network of delivery partners and it does not have any exclusive arrangement with them. with whom the company does not have any exclusive arrangement. Also is any commercial relation is severed, it means loss of business for the firm.
Bid closes: Jan 22, 2026
Allotment: Jan 23
Refund: Jan 27
Credit of shares: Jan 27
Listing: Jan 28
Shadowfax Technologies has proven competence in logistics solutions, particularly e-commerce express parcel delivery and a suite of value-added offerings. These are particularly suited for D2C delivery, hyperlocal & quick commerce within hours or same day as well as SMS & personal courier services through Shadowfax's Flash app. The logistics network is spread across the country with a dedicated fleet of over 3,000 trucks daily. Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber, Pincode, Purplle, Licious, ONDC, Magicpin re among its clients.
This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)
