Shadowfax Raises ₹856 Crore from Anchor Investors Ahead of IPO; Bidding Starts Tomorrow

• Logistics service provider Shadowfax secured ₹856 crore from anchor investors before its IPO opens from January 20-22.
• The company allotted 6.90 crore equity shares to anchor investors at ₹124 per share, the upper end of the IPO price band.
• Nippon India Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, JM Financial Mutual Fund, and foreign institutional investors participated.
• The ₹1,907 crore IPO includes a fresh issue of ₹1,000 crore and an Offer For Sale (OFS) of ₹907 crore, with a price band of ₹118-₹124 per share.
• Funds will be used for network expansion, delivery capabilities, new sort centers, branding, marketing, potential acquisitions, and general corporate purposes.

Why It Matters: Shadowfax successfully raised ₹856 crore from anchor investors, signaling strong confidence ahead of its IPO.