India has been invited to participate in a newly established US-led Gaza Peace Board, thrusting New Delhi into a pivotal moment in international relations. Analysts caution that becoming a board member may present substantial reputational dilemmas and strategic pitfalls. Alternatively
Since the US captured Venezuelan leader Nicolas Maduro in early January, pictures and videos chronicling the events have been crowded out by those generated with artificial intelligence, blurring the lines between fiction and reality.The endless stream of content ranges from comedic memes to
The never-ending list of security issues in 2026 has another victim and this time it is Google's popular Chrome web browser. The latest Chrome security warning in January 2026 has been posted by the Indian Computer Emergency Response Team (CERT-In) with a medium severity ranking
The Sports Ministry has finally taken note of the numerous complaints lodged by overseas shuttlers during the India Open last week and has sought corrective measures from the Sports Authority of India for the same, according to a report in PTI
Congratulations are in order as filmmaker Atlee and his wife, producer-actress Priya Atlee, just shared heartwarming news that their family is growing once again. After welcoming their first child, a son named Meer, in January 2023, the couple took to Instagram to reveal they're expecting a second
As investments grows over the years, inflation also rises. Should Rs 3.5 crore will ensure wealth in 30 years? CA says this... New Delhi: CA Nitin Kaushik says that if one assumes that Rs 3.5 crore will be enough to feel rich after 30 years then it reflects their flawed understanding of long-term
The Supreme Court of India on Monday questioned the Delhi government over the timing of enforcing a new law that regulates school fees in the national capital, noting that it was introduced after the academic session had already begun. A bench of Justice P S Narasimha and Justice Alok Aradhe said
‘Women empowerment', ‘equality', ‘equity' and ‘feminism' are buzzwords which are hyped and have become the best personal branding weapons, especially in the digital era. We have progressed a lot but not enough for women to be able to work without the suffocating misogynist
Shadowfax IPO Day 1: Overall subscription At 0.10x So Far With Modest GMP, Should You Subscribe?
Shadowfax IPO Day 1: Overall subscription At 0.10x So Far With Modest GMP, Should You Subscribe?
Shadowfax IPO GMP: Shadowfax Technologies Ltd, a logistics company, has launched its initial public offering (IPO) today. The company is planning to raise up to Rs 1,907.27 crore from the primary market. 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 opens for subscription on January 20, 2026, and will close on January 22, 2026. The company is expected to list on the BSE and NSE on January 28, 2026.
As of 11:00 am on Day 1, January 20, 2026, the Shadowfax issue is seeing muted demand overall, with total bids coming in at 0.10 times the shares on offer.
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.
ICICI Securities is the book-running lead manager to the issue, while Kfin Technologies is acting as the registrar.
According to market observers, unlisted shares of Shadowfax Technologies Ltd are currently trading at Rs 130 apiece in the grey market, which is a 04.00 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.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium' indicates investors' readiness to pay more than the issue price.
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.
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.
Prasenjit Paul, Equity Research Analyst at Paul Assets & Fund Manager of 129 Wealth Fund, says:
Investors looking at operating leverage play in new age business are likely to track Shadowfax closely, given its exposure to India's expanding logistics and last-mile delivery ecosystem. The company operates across ecommerce, hyperlocal delivery and SME logistics, areas that continue to benefit from the steady formalisation of digital commerce beyond metro cities.
Swipe Left For Next Video
That said, logistics remains an execution-intensive business, the key monitorable for investors will be margin sustainability and cost discipline, mainly in last-mile delivery where competition and pricing pressure remain high. From an investment perspective, Shadowfax may appeal more to investors who are comfortable with operating leverage playing out over a longer time frame rather than those seeking certainty of listing day gain.
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.
Source: News18
Related Posts: Shadowfax IPO GMP Republic Day 2026 weekend escape Shadowfax IPO GMP Jumps Ahead Of Launch Russia, China Having A Field Day Happy Patel Khatarnak Jasoos vs Rahu Ketu Box Office Collection Day 2 Croma Republic Day Sale Quote Of The Day By Julia Roberts On Her Youth Chile wildfires rage for third day 15 Februrary! Two India vs Pakistan Clashes Confirmed For Same Day - Details Ecommerce platforms may post 20-22% growth in Republic Day sales
YEIDA is set to launch a residential plot scheme this month in sectors 15C, 18 and 24A near Noida airport, with average prices around ₹35,000 per sq metre To meet the growing demand for homes near the upcoming Noida International Airport
1 minutes ago
Toyota Urban Cruiser EV: The Japanese automaker Toyota is set to launch the Urban Cruiser EV in India on January 20, marking its first-ever electric vehicle for the Indian market. Toyota Urban Cruiser EV: The Japanese automaker Toyota is set to launch the Urban Cruiser EV in India on January 20
Just now
The Board of Control for Cricket in India (BCCI) is set to introduce a revised central contract system, under which the Grade A+ category will be discontinued. If the new model is approved by the board, Team India veterans Virat Kohli and Rohit Sharma are expected to be placed in Grade B
1 minutes ago
Quote of the Day by Priyanka Chopra: “Perfection is boring anyway…” - a reminder that embracing our flaws makes us truly unique and authentic. Priyanka Chopra Jonas is a globally recognised Indian actress, producer, and philanthropist
Just now
Bajaj Electricals, part of the Bajaj Group, saw its shares surge 11% in early trade on Tuesday, January 20, touching an intraday high of ₹468 apiece, after the company announced its entry into the wires segment. Today's rally also provided a breather to the stock
Just now
Remarks from PMML Deputy Secretary General Haris Dar have surfaced just a day after reports detailed Lashkar-e-Taiba's alleged "water force" training in Pakistan. Pakistan's continued use of terror groups to spread unrest in India and Jammu & Kashmir has been exposed once again—this time
Just now
The International Cricket Council have not held any talks with Scotland about replacing Bangladesh at next month's men's T20 World Cup - but Scottish players would be ready if the call came. Bangladesh have told the ICC they will not travel to India for the T20 World Cup next month amid political
Just now
Tech giant Cisco sees India as a strategically very important market and will continue to invest there, its senior executive Jeetu Patel has said. Speaking to PTI here during the World Economic Forum Annual Meeting, the company's President and Chief Product Officer said India accounts for the
Just now
Telangana Chief Minister A. Revanth Reddy and other members of the State government's delegation to the World Economic Forum Annual Meeting at Davos reached Zurich on Tuesday (January 20, 2026). The delegation was accorded a warm welcome by overseas Telangana residents at the Zurich airport
Just now
United States President Donald Trump has issued a stern warning to France. He plans to impose a massive 200 percent tariff on French wine and Champagne. This action follows France's decision to decline an invitation to join Trump's proposed Board of Peace
Just now
US President Donald Trump on Monday said that he received a note from French President Emmanuel Macron, sharing a screenshot from an apparent message from the European leader. “Note from President Emmanuel Macron, of France,” Trump said in a post on Truth Social with the screenshot
Just now
India's T20 captain Suryakumar Yadav needs to find form against New Zealand. This series is a final World Cup tune-up. India has a strong record under Suryakumar. New Zealand is a tough opponent. Player selections like Shreyas Iyer or Ishan Kishan are key. Hardik Pandya and Jasprit Bumrah return
Just now
More than 16 years after the 26/11 Mumbai terror attacks, a powerful reflection on courage, values and quiet heroism has resurfaced, thanks to renowned Kannada actor and director Prakash Belawadi. His observations, shared on a recent podcast, have struck a deep chord
1 minutes ago
The International Monetary Fund has revised upwards its estimate of India's GDP growth in the current financial year 2025-26 to 7.3% from its earlier prediction of 6.6%. This upward revision, the IMF said in its January 2026 World Economic Outlook update released on Monday (January 19, 2026)
1 minutes ago
Monitors with built-in speakers are becoming a popular choice for users who want a cleaner, clutter-free desk without adding external audio gear. Options from brands such as BenQ, Acer, LG and others combine sharp displays with integrated sound, making them suitable for offices
1 minutes ago
Tata Tiago EV Facelift: The electric hatchback was seen fully covered in camouflage, indicating that design changes are being tested ahead of its expected launch in 2026. Tata Tiago EV Facelift: Tata Motors is planning to launch the Tiago EV facelift
1 minutes ago
Viral video claims crowd chanted against Gautam Gambhir in Indore. Fact check reveals edited audio and misleading context. A viral video claiming that the Indore crowd chanted “Gautam Gambhir haaye haaye” during the post match ceremony of the third ODI between India and New Zealand has
1 minutes ago
A: In weather science, ‘visibility' is a colloquial term for a quantity called the meteorological optical range. It's defined as the distance a beam of light can travel through the atmosphere before its intensity drops to 5% of its original value.A: In weather science
1 minutes ago
Rail services between Quetta and other parts of Pakistan were briefly disrupted after unknown men blew up a section of railway track near Dera Murad Jamali in Balochistan, adding to ongoing security concerns over repeated rail attacks. Dera Murad Jamali [Pakistan]: The train link between Quetta and
1 minutes ago
Shah Rukh Khan's brief interaction with a fan on stage at the Joy Awards 2026 in Riyadh has sparked a wave of online discussion, with many coming out strongly in the actor's defence. A video from the event has gone viral on social media, showing the superstar calmly handling an awkward moment while
1 minutes ago
The Karnataka government on Monday suspended Director General of Police (Civil Rights Enforcement) K Ramachandra Rao, a day after videos allegedly showing him engaging in sexual acts with women in his office began circulating online, The Indian Express reported
1 minutes ago
A Swiggy delivery rider was critically injured after being run over by a black Scorpio SUV in Gurugram. The incident took place in Sector 93, Hayatpur. A Swiggy delivery rider was critically injured after being run over by a black Scorpio SUV in Gurugram on Monday night
1 minutes ago
CG TET Admit Card 2026: The Chhattisgarh Vyavsayik Pariksha Mandal has released the CG TET Admit Card 2026 on its official website. Candidates appearing for the Chhattisgarh Teacher Eligibility Test can download their hall tickets from the official CG VYAPAM website at vyapamcg.cgstate.gov.in
1 minutes ago
The Punjab Government has approved the modernisation of major bus terminals in Ludhiana, Jalandhar, Sangrur, Patiala and Bathinda through a Public Private Partnership model to improve passenger convenience, safety and efficiency. The Punjab Government under the leadership of Chief Minister Bhagwant
1 minutes ago
Authorities said the blaze, which broke out around 10:00 p.m. on January 17, was brought under control after nearly 34 hours. At least 26 people have been confirmed dead and up to 81 others are reported missing after a massive fire tore through Gul Plaza on Karachi's MA Jinnah Road in Pakistan
1 minutes ago
It's a sad day for animation lovers around the world. Roger Allers, the filmmaker who helped bring The Lion King to life and played a key role in Disney's animation golden era, has passed away at the age of 76, leaving behind a legacy that shaped childhoods across generations
1 minutes ago
BCB denies reports of a January 21 ICC deadline and reiterates demand to move T20 World Cup 2026 matches out of India. The Bangladesh Cricket Board has firmly rejected reports claiming the International Cricket Council set a January 21 deadline for Bangladesh to confirm participation in the 2026
1 minutes ago
