Image Source : StartupTalky
Shadowfax Technologies will open its ₹1,907 crore IPO with a price band of ₹118–₹124 per share. The offer includes a ₹1,000 crore fresh issue and ₹907 crore OFS, with bidding from January 20–22 and anchor on January 19. Minimum lot size is 120 shares, with standard QIB/NII/retail allocations.
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Logistics player targets growth capital with balanced offer structure
Shadowfax Technologies, a tech-led third-party logistics firm backed by marquee investors, has set its IPO price band at ₹118–₹124 per share. The ₹1,907 crore issue comprises a ₹1,000 crore fresh issue and an OFS of about ₹907 crore. Bidding opens January 20 and closes January 22; anchor bidding is slated for January 19.
Key highlights:
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Offer size: Total ₹1,907 crore—₹1,000 crore fresh issue; ₹907 crore OFS by existing shareholders.
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Price band: ₹118–₹124 per share; book-built issue.
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Timeline: Anchor bidding on January 19; public subscription January 20–22, 2026.
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Lot size: Minimum bid of 120 shares (₹14,880 at lower band), in multiples of 120.
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Allocation: 75% QIB, 15% NII, 10% retail, per standard norms.
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Backers: Flipkart, TPG, Eight Roads, Mirae Asset Ventures, Nokia Growth Partners among key investors.
Sources: CNBC-TV18; Upstox Market News; YourStory; NDTV Profit.
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