Shadowfax to Launch Rs 1,907-Crore IPO on Jan 20; Listing on Jan 28

• Flipkart, Fidelity, TPG-backed logistics platform Shadowfax will launch its Rs 1,907-crore IPO on January 20, with listing scheduled for January 28.
• The IPO comprises a fresh issue of Rs 1,000 crore and an offer-for-sale of Rs 907.3 crore by investors including Flipkart Internet, Eight Roads Investments Mauritius, and NewQuest Asia Fund.
• The one-day anchor book opens on January 19, public offer closes on January 22, and share allotment will be finalized by January 23.
• Shadowfax plans to use fresh issue proceeds for network infrastructure, lease payments for new centers, branding, marketing, and inorganic acquisitions.
• The company reported a profit of Rs 21 crore for the six months ended September 2025 and Rs 6.4 crore for fiscal 2025, marking a turnaround from previous losses.

Why It Matters: Shadowfax, backed by major investors, is set to launch a significant IPO to fund expansion and capitalize on recent profitability.