Shadowfax Technologies IPO Opens Jan 20: Growth Plans Revealed by Management

• Shadowfax Technologies IPO opens on January 20 and closes on January 22, with a price band of ₹118 - ₹124 per share.
• The IPO issue size is ₹1,907 crore, comprising a fresh issue of ₹1,000 crore and an Offer For Sale (OFS) of ₹907 crore.
• Founder & CEO Abhishek Bansal highlighted that 70% of the company's business is from e-commerce, and 20% from hyper-local and quick commerce.
• Shadowfax has been profitable for the last 10 quarters, with a 68% growth in the first half of this year and an EBITDA of 2.9%.
• The company operates in 2500 cities, focusing on continuous expansion and increasing growth in online logistics.

Why It Matters: Shadowfax Technologies IPO launches January 20, showcasing strong profitability and ambitious growth in logistics.