Shadowfax IPO Opens Tomorrow: Price Band, GMP, and Key Details Revealed

• Shadowfax Technologies' ₹1,907 crore IPO, backed by Flipkart, opens for subscription tomorrow, January 20.
• The IPO comprises a fresh issue of ₹1,000 crore and an Offer For Sale (OFS) of ₹907.27 crore.
• The price band is set at ₹118 – ₹124 per share, with a lot size of 120 shares (minimum investment ₹14,880).
• Shadowfax reported a net profit of ₹6.4 crore in FY 2024-25, increasing to ₹21 crore in H1 FY26, a significant turnaround from a previous loss.
• Grey Market Premium (GMP) indicates a potential listing gain of 8.87% to 9%, with shares possibly listing around ₹134-₹135.

Why It Matters: Shadowfax IPO opens tomorrow with a ₹118-₹124 price band, showing positive financials and GMP.