Shadowfax Market Cap Nears $1B, Shares Soar
Key Highlights
Shadowfax Technologies shares surge to record high, pushing market cap near $1 billion. Analysis of stock performance and investor lock-in period.
Shares of Shadowfax Technologies experienced a surge, climbing as high as 3.91% during intraday trading to reach a record peak of ₹160.70 on the . This increase in share price has propelled the company’s market capitalization to near the $1 billion milestone.
As of 14:36 IST, Shadowfax’s market capitalization stood at ₹9,285.4 Cr, which is approximately $993.5 million.
Over the past month, Shadowfax shares have risen by nearly 38%, increasing 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.
According to the company’s lock-in details, 3.45 Cr equity shares allocated 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.
This rally occurs amidst several recent developments at Shadowfax.
Yesterday, Shadowfax introduced Shadowfax 360, a unified digital shipping platform designed for SMEs and D2C brands. This platform enables small businesses to access Shadowfax’s logistics network across more than 15,000 pincodes in 2,500 cities without requiring minimum order commitments.
The platform includes features like flat-rate billing, one-click integration with platforms like Shopify and WooCommerce, an AI-powered RTO predictor to mitigate return risks, and expedited COD remittance cycles.
Additionally, the logistics firm recently finalized the acquisition of CriticaLog by purchasing the remaining 10.41% stake from its founder. Shadowfax had initially acquired a majority stake in CriticaLog in January 2025 for ₹48.2 Cr.
Financially, Shadowfax’s Q3 net profit saw a fivefold increase to ₹34.9 Cr, compared to ₹6.5 Cr in the same period last year. The company’s operating revenue increased by 66% to ₹1,159.7 Cr in the quarter under review, up from ₹700 Cr in Q3 FY25. Sequentially, revenue rose by 18.1% from ₹982.1 Cr.
The company has yet to release its financial results for Q4 FY26.