Shadowfax Technologies IPO Opens January 20 with Rs 1,907 Crore Issue and Listing Plans

Shadowfax Technologies is launching its initial public offering (IPO) from January 20 to 22, 2026, aiming to raise Rs 1,907 crore through a fresh issue and an offer for sale. The IPO price band is set between Rs 118 and Rs 124 per share, with shares expected to list on January 28. The company plans to use proceeds for network expansion, infrastructure, and marketing. Grey market premiums indicate a potential listing price around Rs 134, suggesting modest gains. Analysts note rapid growth but caution on high valuation and client concentration risks.