Shadowfax Technologies IPO Opens January 20: ₹16 Profit on ₹124 Share

• Shadowfax Technologies IPO opens on January 20 and closes on January 22, with shares listing on January 28.
• The total offer is worth ₹1,907.27 crore, including a fresh issue of ₹1,000 crore and an OFS of ₹907 crore.
• The price band is set at ₹118 to ₹124 per equity share, with a minimum investment of ₹14,880 for retail investors.
• Promoters Abhishek Bansal and Vaibhav Khandelwal stand to gain significantly, with their stakes increasing to over ₹674 crore and ₹524 crore respectively.
• The Grey Market Premium (GMP) indicates a potential listing gain of approximately 13%, with shares trading at a ₹16 premium.

Why It Matters: Shadowfax Technologies IPO, valued at ₹1,907.27 crore, opens with significant promoter gains and a promising GMP.