Shadowfax Technologies IPO Opens: Low GMP, Should You Invest?

• Shadowfax Technologies' IPO opened today, January 20, aiming to raise approximately ₹1,900 crore.
• The Grey Market Premium (GMP) for the IPO is currently less than 5%, indicating limited enthusiasm.
• The IPO is a book-building issue of ₹1,907.27 crore, with a price band of ₹118 to ₹124 per share.
• Brokerage firm Swastika Investmart gives a 'Neutral' rating, citing low profitability and revenue concentration.
• The company provides logistics solutions for e-commerce, quick commerce, food delivery, and hyperlocal businesses.

Why It Matters: Shadowfax Technologies IPO opens with low GMP; high-risk, long-term investors may consider, others should wait.