Shadowfax Technologies sets IPO price band at ₹118–₹124 per share

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:

• Offer size: Total ₹1,907 crore—₹1,000 crore fresh issue; ₹907 crore OFS by existing shareholders.
• Price band: ₹118–₹124 per share; book-built issue.
• Timeline: Anchor bidding on January 19; public subscription January 20–22, 2026.
• Lot size: Minimum bid of 120 shares (₹14,880 at lower band), in multiples of 120.
• Allocation: 75% QIB, 15% NII, 10% retail, per standard norms.
• Backers: Flipkart, TPG, Eight Roads, Mirae Asset Ventures, Nokia Growth Partners among key investors.

Sources: CNBC-TV18; Upstox Market News; YourStory; NDTV Profit.