Shadowfax IPO Secures ₹850 Cr from Anchor Investors Including Norges Bank, HSBC | Quick Digest
Shadowfax Technologies successfully raised approximately ₹850 crore from anchor investors, including Norges Bank, HSBC, ICICI Prudential Life, and Nippon India Mutual Fund, ahead of its Initial Public Offering. The anchor investor bidding took place on January 19, 2026, with the IPO set to open for public subscription from January 20-22, 2026.
Shadowfax raised ~₹850-856 crore from anchor investors.
Norges Bank, HSBC, Ipru Life, and Nippon India MF participated.
Anchor investor bidding occurred on January 19, 2026.
IPO public subscription opened January 20, closes January 22, 2026.
Total IPO size is ₹1,907 crore with a price band of ₹118-124 per share.
Shadowfax Technologies, an Indian technology-led third-party logistics (3PL) company, successfully concluded its anchor investor bidding on January 19, 2026, raising approximately ₹850-856 crore. Prominent global institutional investors such as Norges Bank Investment Management and HSBC Global Investment Funds participated in the anchor round. Domestic institutional investors also showed strong interest, with major participation from mutual funds like ICICI Prudential Mutual Fund (Ipru MF), Nippon India Mutual Fund, Motilal Oswal Mutual Fund, and insurance companies including ICICI Prudential Life Insurance and Kotak Life Insurance. All anchor investors subscribed to shares at the upper end of the IPO price band, set at ₹124 per equity share.
The Initial Public Offering (IPO) of Shadowfax Technologies opened for public subscription on January 20, 2026, and is scheduled to close on January 22, 2026. The company aims to raise a total of ₹1,907.27 crore through its public issue, which comprises a fresh issue of shares worth ₹1,000 crore and an Offer For Sale (OFS) of ₹907.27 crore by existing shareholders. The IPO price band has been fixed between ₹118 and ₹124 per equity share. The shares are expected to be listed on both the BSE and NSE on January 28, 2026. This successful anchor allocation signals robust market confidence in Shadowfax's business model within India's rapidly expanding e-commerce logistics sector.
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