Shadowfax IPO Opens Jan 20: Price Band Rs 118-124, Valued at Rs 7,100 Crore

• Logistics provider Shadowfax has set its IPO price band at Rs 118-124 per share, valuing the company at over Rs 7,100 crore.
• The Rs 1,907-crore IPO will be open for subscription from January 20 to January 22, with anchor investor bidding on January 19.
• The offering includes a fresh issue of Rs 1,000 crore and an Offer For Sale (OFS) of Rs 907.27 crore by existing shareholders like Flipkart Internet and Eight Roads Investments Mauritius II Ltd.
• Proceeds from the fresh issue will fund network expansion, lease payments for new centers, branding, marketing, and potential acquisitions.
• Shadowfax, backed by investors like Flipkart and TPG, is a leading logistics provider for e-commerce, quick commerce, and food marketplaces, serving 14,758 Indian pin codes.

Why It Matters: Shadowfax's Rs 1,907 crore IPO opens January 20, priced at Rs 118-124, valuing the firm at Rs 7,100 crore.