Shadowfax Technologies Launches Rs 1,907 Crore IPO with Rs 118-124 Price Band

Shadowfax Technologies, a Bengaluru-based logistics firm backed by Flipkart and other investors, is launching a Rs 1,907 crore IPO from January 20 to 22, 2026, with a price band of Rs 118-124 per share. The issue includes a Rs 1,000 crore fresh equity raise and Rs 907 crore offer-for-sale by existing shareholders. Proceeds will fund network expansion, infrastructure, branding, and potential acquisitions. The company is valued at over Rs 7,100 crore post-IPO, with shares listing on January 28. Early investor gains and positive grey market premiums indicate market optimism amid competitive sector challenges.