Shadowfax IPO: Promoters, Early Investors Eye Massive 1700% Returns

• Logistics startup Shadowfax Technologies' IPO is priced at ₹118-124 per share, valuing the company at ₹7169 crore at the upper band.
• Promoters Abhishek Bansal and Vaibhav Khandelwal are set to achieve over 1700% returns on their initial investments.
• Abhishek Bansal's stake, initially worth ₹37 crore, will now be over ₹674 crore; Vaibhav Khandelwal's ₹28 crore stake will exceed ₹524 crore.
• The ₹1907 crore IPO opens on January 20, with new shares worth ₹1000 crore and an OFS of ₹907 crore.
• Early investors like Flipkart, TPG, Mirae Asset, and Snapdeal founders Kunal Bahl and Rohit Bansal are also seeing significant gains, with Snapdeal founders' ₹70 lakh investment now worth ₹110 crore.

Why It Matters: Shadowfax Technologies' upcoming IPO promises huge returns for promoters and early investors due to significant valuation growth.