Shadowfax Technologies Limited is one of India’s leading logistics technology startups, redefining last-mile delivery through innovation, scale, and data-driven efficiency. As the company prepares for its public listing, Shadowfax Technologies Unlisted Share Price has gained significant attention among investors eager to explore opportunities in India’s fast-evolving logistics sector.
At Unlisted Radar, we provide verified insights and live updates on unlisted share prices, enabling investors to make data-backed investment decisions in the pre-IPO market.
Incorporated in 2015, Shadowfax Technologies Limited is headquartered in Bengaluru, Karnataka. The company operates as a technology-driven logistics platform, connecting businesses, delivery partners, and customers through an advanced AI-enabled system that ensures quick, reliable, and scalable delivery services across India.
Corporate Identity Number (CIN): U72300KA2015PLC150324
Registered Office: Koramangala, Bengaluru, Karnataka - 560095
Contact Person: Krishnakanth G V, Company Secretary and Compliance Officer
Website: www.shadowfax.in
Promoters: Abhishek Bansal and Vaibhav Khandelwal
Shadowfax Technologies operates India’s largest crowdsourced logistics network. The platform partners with major e-commerce players, food delivery companies, and retail brands, providing hyperlocal, intra-city, and inter-city delivery services.
The company’s AI-powered route optimization and real-time tracking technology have positioned it as a preferred partner for businesses seeking efficient and cost-effective logistics solutions.
With India’s e-commerce and quick-commerce sectors expanding rapidly, Shadowfax is strategically placed to capitalize on this growth, making Shadowfax Technologies Limited Unlisted Share Price a strong point of interest among pre-IPO investors.
According to the company’s Updated Draft Red Herring Prospectus (UDRHP), Shadowfax Technologies plans a Fresh Issue and Offer for Sale of equity shares aggregating up to ₹20,000 million (₹2,000 crore), comprising:
The offer will be made in accordance with Regulation 6(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The proposed equity shares have a face value of ₹10 each, and once listed, the company aims to trade on both BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). In-principle approvals from both exchanges were received in August 2025.
Shadowfax has earned trust from some of the world’s top institutional investors and venture capital funds, reflecting high confidence in its business model and leadership team.
Major shareholders include:
The strong investor profile demonstrates Shadowfax’s robust growth potential and its appeal to global financial institutions.
The Shadowfax Technologies Unlisted Share Price reflects growing investor optimism around the company’s upcoming IPO and overall sector performance.
Although prices in the unlisted market fluctuate based on demand and trading activity, the valuation of Shadowfax has consistently shown upward momentum, driven by:
At Unlisted Radar, we provide investors with real-time data, verified transactions, and transparent Shadowfax Technologies Unlisted Share Price updates to ensure you invest with confidence.
By tracking the Shadowfax Technologies Limited Share Price on Unlisted Radar, you gain access to valuable pre-IPO insights and verified share availability.
While the growth story is compelling, investors should understand that unlisted shares carry certain risks such as:
We encourage investors to evaluate all available information and make decisions aligned with their financial goals and risk appetite.
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Shadowfax Technologies Limited is a standout name in India’s logistics tech landscape, combining innovation, operational scale, and investor trust.
As it prepares for its IPO, monitoring the Shadowfax Technologies Unlisted Share Price provides a unique window of opportunity for investors to participate early in a company that’s shaping the future of delivery infrastructure in India.
Stay updated, compare prices, and make informed pre-IPO investments — only with Unlisted Radar.
Read More| P&L Statement | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Interest Earned | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Income | 58.42 | 73.17 | 88.90 | 49.23 |
| Interest Expended | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 11456.38 | 12972.44 | 14756.12 | 7408.36 |
| Provisions and contingencies | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | 1123.90 | 1054.66 | 328.17 | 108.47 |
| EPS | 5.24 | 4.88 | 1.44 | 0.47 |
| Gross NPA | 0.00 | 0.00 | 0.00 | 0.00 |
| Net NPA | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Ratios | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Advances | 145.67 | 190.00 | 367.84 | 559.01 |
| Book Value | 4.17 | 9.90 | 13.83 | 13.46 |
| P/B | 0.00 | 0.00 | 0.00 | 0.00 |
| ROE(%) | 80.90 | 2.82 | 0.97 | 3.03 |
| Balance Sheet | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Fixed Assets | 833.12 | 1174.95 | 3292.48 | 3887.92 |
| Cash and Balances | 805.80 | 1009.97 | 1619.89 | 1714.96 |
| Investments | 596.31 | 3124.46 | 3285.60 | 3753.82 |
| Advances | 145.67 | 190.00 | 367.84 | 559.01 |
| Other Assets | 340.14 | 240.00 | 313.65 | 316.58 |
| Total Assets | 2721.04 | 5739.38 | 8879.46 | 10232.29 |
| Liabilities | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Share Capital | 2.31 | 2.40 | 1517.89 | 1517.89 |
| FV | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves | 1712.04 | 1724.66 | 2481.55 | 2812.59 |
| Borrowings | 607.29 | 315.03 | 64.59 | 5.03 |
| Deposits | 137 | 137 | 137 | 137 |
| Other Liabilities | 2412.55 | 3834.63 | 6878.45 | 7502.45 |
| Total Liabilities | 4881.19 | 6023.72 | 11089.48 | 11984.96 |
| Cash-Flow Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| PBT | 1426.38 | 118.82 | 60.60 |
| OPBWC | 903.36 | 276.12 | 915.47 |
| Term Deposit | 17.79 | 162.10 | 74.77 |
| Change in Investment | 4118.56 | 8320.08 | 11225.96 |
| Change in Advances | 145.67 | 190.00 | 177.84 |
| Change in Deposit | 136.80 | 136.80 | 136.80 |
| Other Changes | 0.00 | 0.00 | 374.33 |
| Working Capital Change | 728.34 | 1315.52 | 1425.14 |
| Cash Generated From Operations | 728.34 | 1315.52 | 498.67 |
| Tax | 0.00 | 0.00 | 139.00 |
| Cash Flow From Operations | 728.34 | 1315.52 | 498.67 |
| Purchase of PPE | 472.54 | 531.14 | 860.86 |
| Sale of PPE | 0.00 | 0.00 | 0.00 |
| Purchase of Investment | 4118.56 | 8320.08 | 11225.96 |
| Sale of investments | 4165.89 | 5880.00 | 11291.21 |
| Others | 9.44 | 18.42 | 52.06 |
| Cash flow from Investment | 397.98 | 3114.90 | 1192.65 |
| Proceeds from Borrowing | 250.00 | 0.00 | 0.00 |
| Repayment of Borrowing | 578.22 | 292.26 | 268.53 |
| Dividend | 0.00 | 0.00 | 0.00 |
| Proceeds from Equity | 0.00 | 2515.18 | 2066.62 |
| Others From Financing | 9.99 | 63.27 | 69.65 |
| Cash Flow from Financing | 838.21 | 2870.71 | 2404.80 |
| Net Cash Generated | 230.26 | 204.17 | 609.92 |
| Cash at the Start | 1036.06 | 805.80 | 1009.97 |
| Cash at the End | 805.80 | 1009.97 | 1619.89 |
Data not found
| Particulars (cr) | Revenue (FY2024) | EPS (FY2024) | Mcap (31.03.24) | P/E (31.03.24) |
|---|---|---|---|---|
| Blue Dart Express Ltd | 5347.00 | 134.67 | 15580.00 | 115.67x |
| Delhivery Ltd | 8107.00 | 1.36 | 30805.00 | 0x |
| TCI Express Ltd | 1268.00 | 44.59 | 5830.00 | 42.61x |
| Transport Corporation of India Ltd (TCI) | 4456.00 | 48.08 | 7490.00 | 33.91x |
| Gateway Distriparks Ltd | 2036.00 | 16.62 | 4050.00 | 24.37x |
Moved registered office to Shilpitha Tech Park, Bengaluru.
Acquired Criticalog India Pvt. Ltd. to expand high-value shipment capacity.
Converted from private to public limited company and renamed Shadowfax Technologies Limited.
Introduced AI-based address intelligence system, ‘SF Maps’.
Enabled EV vehicle leasing for gig partners on platform.
Introduced intracity C2C delivery service, Shadowfax Flash.
Shifted registered office from Delhi to Bengaluru, Karnataka.
Started operations of first automated sorting centre in Gurgaon.
Introduced forward third-party logistics (3PL) services for e-commerce and D2C brands.
Acquired business assets of Nuvo Logistics Pvt. Ltd. through asset transfer and IP assignment agreements.
Launched India’s first Doorstep Quality Check (DQC) for e-commerce customers.
Shifted registered office from Bhajanpura, Delhi to Pitampura, New Delhi.
Acquired business assets of Pickingo Logixpress Pvt. Ltd. through asset transfer agreement.
Incorporated as Shadowfax Technologies Private Limited at Delhi, India.
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