{"id":"f-80ae245e0c-052d707e-72a1-5afd-b841-d43c2a17ba02","title":"Shadowfax IPO GMP: Grey Market Premium Rises Ahead Of Launch, Check Price Band","description":"Shadowfax Technologies IPO opens January 20, 2026, aiming to raise Rs 1,907.27 crore. Shares trade at Rs 134 in grey market, with listing on BSE and NSE set for January 28, 2026.","timestamp":1768887445,"category":"business","headline":"Shadowfax IPO GMP: Grey Market Premium Rises Ahead Of Launch, Check Price Band","modifiedHeadline":"Shadowfax IPO GMP surges ahead of launch.","subCategories":["scid_47bc7b76"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"71","fcSummary":"shadowfax technologies, a logistics firm, is launching its ipo to raise up to ₹1,907 crore from january 20-22, 2026. shares are priced between ₹118-124, with a grey market premium suggesting modest listing gains. proceeds will fund network expansion, capex, and acquisitions.","summary":"Shadowfax IPO opens Jan 20, 2026, raising Rs 1,907cr. Grey market premium rises ahead of BSE/NSE listing on Jan 28.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/news18/f-80ae245e0c-052d707e-72a1-5afd-b841-d43c2a17ba02","sourceUrl":"https://www.news18.com/business/ipo/shadowfax-ipo-gmp-grey-market-premium-rises-ahead-of-launch-check-price-band-ws-l-9840014.html","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/Ink23wx-cqw0.webp","content":"

Shadowfax IPO GMP: Shadowfax Technologies Ltd, a logistics company, will launch its initial public offering (IPO) this week. The company is planning to raise up to Rs 1,907.27 crore from the primary market.

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comprising a fresh issue worth Rs 1,000 crore and an offer for sale (OFS) of Rs 907.27 crore by existing shareholders. The issue will open for subscription on January 20, 2026, and close on January 22, 2026. The company is expected to list on the BSE and NSE on January 28, 2026.

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Shadowfax Technologies IPO Price Band

The price band has been fixed at Rs 118–124 per share with a face value of Rs 10. Retail investors can apply for a minimum of one lot of 120 shares, requiring an investment of Rs 14,880 at the upper end of the price band.

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ICICI Securities is the book-running lead manager to the issue, while Kfin Technologies is acting as the registrar.

Shadowfax Technologies IPO GMP

\n According to market observers, unlisted shares of Shadowfax Technologies Ltd are currently trading at Rs 134 apiece in the grey market, which is a 08.06 per cent premium over the IPO price of Rs 124. It indicates a modest listing gains for investors. Its listing will take place on January 28, 2026, with allotment of unlisted shares set for January 23, 2026.\n

\n The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.\n

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Shadowfax Technologies IPO Details

Shadowfax plans to use the fresh issue proceeds mainly to expand its logistics network. Around Rs 423 crore will be used for capital expenditure on network infrastructure, while Rs 138.6 crore will go towards lease payments for new first-mile, last-mile and sort centres. The company also plans to spend Rs 88.6 crore on branding and marketing, with the remaining funds earmarked for inorganic acquisitions and general corporate purposes.

Founded in 2016, Shadowfax provides e-commerce, D2C, hyperlocal and quick commerce delivery services. As of September 2025, it operated across 14,758 pin codes with over 4,299 touchpoints nationwide.

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The company has shown a turnaround in profitability, reporting a profit after tax of Rs 21 crore in FY26 (till September), compared with losses in earlier years. Its pre-IPO market capitalisation stands at around Rs 7,169 crore, positioning Shadowfax as a key player in India’s fast-growing logistics ecosystem.

Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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Shadowfax IPO GMP: Grey Market Premium Rises Ahead Of Launch, Check Price Band

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