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 its IPO from January 20 to 22, 2026, aiming to raise Rs 1,907 crore through a fresh issue of Rs 1,000 crore and an offer for sale of Rs 907 crore. Priced between Rs 118-124 per share, the IPO values the company at over Rs 7,100 crore. Proceeds will fund network expansion, infrastructure, branding, and potential acquisitions. Flipkart and early investors are expected to realize significant gains, while the company targets growth by diversifying clients beyond large marketplaces.