Shadowfax Technologies
MAINBOARD
Listed
Price Band
₹118 - ₹124
Lot Size
120 Shares
Issue Size
₹1,000.00 Cr
Fresh Issue
₹700.00 Cr
OFS
₹300.00 Cr
Registrar
KFin Technologies Limited
AI Sentiment Score
Listing Price
₹112.60
vs Issue: ₹124 (-9.19%)
📅 IPO Timeline
✓
Open
Jan 20, 2026
✓
Close
Jan 22, 2026
✓
Allotment
Jan 23, 2026
✓
Refund
Jan 26, 2026
✓
Demat
Jan 26, 2026
✓
Listing
Jan 28, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Shadowfax Technologies displays an established operational footprint with expanding revenue streams (43.7% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (43.7% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 10.0%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 1,415.00 Cr | Rs 1,885.00 Cr | Rs 2,485.00 Cr | Rs 4,202.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs -143.00 Cr | Rs -12.00 Cr | Rs 6.00 Cr | Rs 112.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs -107.00 Cr | Rs 19.00 Cr | Rs 63.00 Cr | Rs 221.00 Cr |
| Borrowings (₹ Cr) | Rs 72.00 Cr | Rs 289.00 Cr | Rs 393.00 Cr | Rs 247.00 Cr |
| Total Assets (₹ Cr) | Rs 443.00 Cr | Rs 786.00 Cr | Rs 1,259.00 Cr | Rs 2,834.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 10.00% | 10.00% | 10.00% | 10.00% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
100.0x
Industry P/E
115.0x
Debt/Equity
0.14
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 115.0x
IPO 100.0x
0x (Deep Value)
155x (High Multiple)
📋 Live Subscription Status
QIB
3.81x
NII
1.26x
Retail
2.31x
Total
2.72x
🎯 Retail Allotment Probability
43.3% Odds
1 in 2.3 chance (~43.3% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:33 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹1,000.0 Cr
Issue Size
Fresh (70%)
OFS (30%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.