Shadowfax IPO: ₹118-₹124 Price Band, ₹1907 Crore Issue Opens January 20

• Logistics company Shadowfax's ₹1907 crore IPO will open on January 20 with a price band of ₹118-₹124 per share.
• The public issue closes on January 22, with anchor investor bidding on January 19; shares will list on January 28.
• The IPO comprises a fresh issue of ₹1,000 crore and an Offer for Sale (OFS) of ₹907 crore from existing shareholders.
• Funds from the fresh issue will be used for network infrastructure, lease payments, branding, acquisitions, and general corporate purposes.
• Shadowfax reported ₹1,800 crore revenue from April-September 2025, a 68% increase, with e-commerce express parcel contributing 70%.

Why It Matters: Shadowfax's ₹1907 crore IPO, with a ₹118-₹124 price band, opens January 20 for growth funding.