Shadowfax’s M-Cap Nears $1 Bn Mark, Shares Soar To All-Time High Of ₹160.7
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Shares of Shadowfax Technologies surged as much as 3.91% during intraday trading today to touch an all-time high of ₹160.70 on the BSE. With the uptick in share price today, the company’s market capitalisation neared the $1 Bn mark.
As of 14.36 IST, its market capitalisation stood at ₹9,285.4 Cr (about $993.5 Mn).
Important to mention that Shadowfax shares have surged nearly 38% over the past month, rising from ₹111.75 on March 23 to ₹154.65 on April 21.
In the last six trading sessions alone, the stock has gained about 31.2%, climbing from around ₹117.85 to ₹154.65, reflecting strong bullish sentiment. Since its listing on January 28, 2026, the shares have risen by nearly 41.1%.
Notably, Shadowfax’s 90-day post-listing anchor investor lock-in period also ended today.
As per the company’s lock-in details, 3.45 Cr equity shares allotted to anchor investors were locked in for 90 days from the listing date and became eligible for trade on April 22, 2026.
Meanwhile, 25.97 Cr equity shares remain under lock-in until July 23, 2026, while 11.71 Cr promoter-held shares will stay locked-in until July 23, 2027.
The rally comes amid a series of recent developments at Shadowfax.
Yesterday, Shadowfax announced the launch of Shadowfax 360, a unified digital shipping platform for SMEs and D2C brands. It will allow small businesses to access Shadowfax’s logistics network across 15,000+ pincodes in 2,500 cities without minimum order commitments.
The platform offers features such as flat-rate billing, one-click integration with platforms like Shopify and WooCommerce, an AI-powered RTO predictor to reduce return risks, and faster COD remittance cycles.
Besides, the logistics major also completed the acquisition of CriticaLog earlier last week by buying out the remaining 10.41% stake from its founder. Shadowfax had bought a majority stake in CriticaLog in January 2025 for ₹48.2 Cr.
On the financial front, Shadowfax Q3 net profit jumped 5X to ₹34.9 Cr from ₹6.5 Cr PAT recorded in the year-ago period. Its operating revenue rose 66% to ₹1,159.7 Cr in the quarter under review from ₹700 Cr in Q3 FY25. Sequentially, revenue increased 18.1% from ₹982.1 Cr.
The company is yet to disclose its financial performance for Q4 FY26.
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