⚠️ Neutral
Listed
Transport Services
Shadowfax Technologies Limited IPO
₹1907 Cr · Fresh Issue & OFS · Transport Services
Price Band
₹118 – ₹124
Lot: 1200 shares (₹148,800)
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹1907 Cr
Fresh Issue & OFS
Market Cap
₹7168.85 Cr
At upper band
P/E Ratio
1114.9x
P/S: 2.9x
Listing Date
28 Jan 2026
BSE & NSE
IPO Timeline
✓
Opens
20 Jan 2026
✓
Closes
22 Jan 2026
✓
Allotment
23 Jan 2026
✓
Refund
26 Jan 2026
✓
Listing
28 Jan 2026
IPO India Hub Recommendation: Neutral
The company operates in a growing industry, but its current valuation is quite steep, especially given its low net profits. Investors should be cautious about the high P/E ratio of 1114.9x, which may indicate the stock is overpriced and a risk of a price correction
Our Analysis — Key Points
✓ Strength
Growing Market Demand
The company is in the transport services industry, which is essential for e-commerce and logistics. Demand for efficient and reliable delivery services is increasing. This positions the company well for future growth.
✓ Strength
Strong Revenue Generation
The company generated ₹2485.13 Cr in revenue in the latest fiscal year. This shows the company has a strong revenue base. Strong revenue generation is crucial for sustaining operations and future expansion.
⚠ Risk
High Price-to-Earnings Ratio
The company's high P/E ratio of 1114.9x is a significant concern. This indicates that the stock may be overvalued. Investors should be aware of the risk of a price correction, especially if earnings do not grow as expected.
$ Valuation
High Valuation Metrics
The company's P/E ratio of 1114.9x and P/S ratio of 2.9x are both high. This suggests that the market has high expectations for the company's future growth. However, these high valuations may not be sustainable if the company's earnings do not meet these expectations.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Shadowfax Technologies Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹2485.13 Cr
Net Profit
₹6.43 Cr
Industry
Transport Services
Issue Type
Fresh Issue & OFS
Promoters
ABHISHEK BANSAL AND VAIBHAV KHANDELWAL
Lead Managers
ICICI Securities, Morgan Stanley and JM Financial
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