Shadowfax IPO GMP Jumps 9% Ahead of January 20 Share Sale

• Shadowfax IPO's Grey Market Premium (GMP) increased by up to 9% on Monday, ahead of its primary market debut on January 20.
• Platforms like Investorgain and IPO Watch reported GMPs indicating potential listing gains of 8% to 8.87%.
• The logistics provider has set a price band of Rs 118 to Rs 124 per share for its Rs 1,907-crore IPO, valuing the company at over Rs 7,100 crore.
• The public offering will be open for subscription from January 20 to January 22, with anchor investor bidding on January 19.
• Proceeds will fund network infrastructure, lease payments for new centers, branding, marketing, and potential acquisitions.

Why It Matters: Shadowfax IPO sees strong grey market demand with up to 9% GMP ahead of its January 20 launch.