Shadowfax IPO Opens Today: ₹1907 Crore Issue, Brokerages Neutral on Valuation

• Shadowfax Technologies' ₹1,907 crore IPO opened for subscription on January 20, 2026, closing on January 22.
• The IPO comprises a fresh issue of ₹1,000 crore and an Offer For Sale (OFS) of ₹907.27 crore, with a price band of ₹118-₹124.
• The company raised ₹856 crore from anchor investors including ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, and Morgan Stanley Asia.
• Funds from the IPO will be used for infrastructure improvement, new center lease payments, branding, marketing, and general corporate needs.
• Brokerages like SBI Securities and Swastika Investmart gave a 'Neutral' rating, citing strong growth but premium valuation and revenue concentration risks.

Why It Matters: Shadowfax IPO opens with a ₹1907 crore issue; brokerages are neutral due to strong growth but high valuation.