Resurfacing Shadowfax's January IPO allotment as grey-market premium had fallen to zero
Flipkart-backed delivery platform Shadowfax Technologies completed allotment for its ₹1,907.27 crore IPO in late January. The issue, comprising a ₹1,000 crore fresh issue and ₹907.27 crore OFS, was expected to list on January 28; GMP had dropped to ₹0 ahead of listing.
What happened
Shadowfax Technologies · Flipkart-backed logistics firm Shadowfax completed IPO allotment after its Rs 1,907.27 crore issue. GMP fell to zero ahead of expected
Key facts
- IPO size: Rs 1,907.27 crore
- Fresh issue: Rs 1,000 crore
- OFS: Rs 907.27 crore
- Price band: Rs 118-124 per share
- GMP: Rs 0
What changed
Flipkart-backed logistics firm Shadowfax completed IPO allotment after its Rs 1,907.27 crore issue. GMP fell to zero ahead of expected January 28 listing. The asset-light delivery platform serves e-commerce, quick commerce and hyperlocal logistics in India.
Why this matters
With GMP at ₹0 ahead of the January 28 listing, investors should expect muted listing-gain expectations despite the ₹1,907.27 crore IPO’s successful allotment.
What to watch
- Listing price and first-week trading range relative to issue price
- Anchor investor lock-in, institutional ownership disclosures and post-listing block transactions
- Quarterly shipment growth, revenue per shipment, EBITDA trajectory and cash-flow performance
- Changes in e-commerce order growth, quick-commerce delivery density and festive-season volume
- Competitor pricing actions, warehouse expansion, automation spending or new funding/IPO announcements