Shadowfax Technologies Raises Rs 856 Cr from Anchor Investors Ahead of IPO Launch

• Shadowfax Technologies secured Rs 856.02 crore from 39 anchor investors on January 19, a day before its IPO opened for public subscription.
• The IPO aims to raise Rs 1,907.2 crore, comprising a fresh issue of Rs 1,000 crore and an offer-for-sale of Rs 907.2 crore by investors like Flipkart and Qualcomm.
• ICICI Prudential AMC was the largest anchor investor, contributing Rs 190 crore through four schemes.
• Funds from the fresh issue will be used for network infrastructure, lease payments for new centers, branding, marketing, and potential acquisitions.
• Shadowfax IPO shares traded at a 7% premium in the grey market before the public launch, indicating strong investor interest.

Why It Matters: Shadowfax Technologies successfully raised significant capital from anchor investors, signaling strong market confidence ahead of its IPO.