IPO
Shadowfax shares slip on stock market debut
By Startup Enthusiast ·
- Date
- Company
- Shadowfax
- What it does
- Stock market debut, 28 January 2026
- Kind
- IPO
- Amount
- ₹1,907 crore
- Stage
- Listing
- Based in
- Bengaluru
- Founded
- 2015
What they do
The stock opened near ₹112.60 against an issue price of ₹124, a fall of about 9% on day one
What happened
Investors worried that a few big online retail clients bring in much of the company's business
Why it matters
The listing valued the firm at about ₹6,470 crore, close to its last private valuation in early 2025
The details
- Shadowfax listed on 28 January 2026 below its issue price.
- The IPO raised about ₹1,907 crore through fresh shares and a sale by old investors.
- The price band was ₹118–₹124.
More on Shadowfax
- TPG fund sells ₹114 crore of Shadowfax30 September 2026 · Stake sale · ₹113.6 Cr
- Shadowfax posts Q1 profit of ₹65.4 crore13 September 2026 · Results
- OxBow Master Fund buys 47.85 lakh Shadowfax shares in bulk deal8 September 2026 · Stake sale · Rs 200 Cr
- Shadowfax starts channel partner programme for 3603 September 2026 · Launch
- Qualcomm sells Shadowfax stake worth Rs 183.85 crore24 August 2026 · Stake sale · Rs 183.85 crore
- TPG sells Shadowfax shares worth ₹300.6 crore7 August 2026 · Stake sale · ₹300.6 Cr
- Shadowfax posts eightfold profit jump on strong revenue growth1 August 2026 · Results
- Shadowfax chief product officer Nitesh Lohiya resigns31 July 2026 · People
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