Shadowfax Technologies, an India-based logistics solutions provider, is set to launch its Initial Public Offering (IPO) from January 20 to January 22, 2026. The IPO, a book-built issue, aims to raise ₹1,907.27 crores, comprising a fresh issue of ₹1,000 crores and an Offer for Sale (OFS) of ₹907.27 crores by existing shareholders. The price band for the IPO has been fixed at ₹118 to ₹124 per equity share, with a tentative listing date on BSE and NSE scheduled for January 28, 2026. A significant highlight of the IPO is the remarkable returns anticipated by early investors, notably Snapdeal co-founders Rohit Bansal and Kunal Bahl. They are reportedly selling shares worth approximately ₹14 crore each, translating into an estimated 157 times return on their initial investments in Shadowfax. This corroborates the headline claim of '158X gains' by Moneycontrol. Other prominent investors like Flipkart, Eight Roads Investments, International Finance Corporation, Nokia Growth Partners, NewQuest Asia Fund, Mirae Asset, and Qualcomm Asia Pacific are also partially exiting their stakes, realizing multi-fold gains. Shadowfax, founded in 2015, has established itself as a leading technology-led third-party logistics (3PL) company in India, operating across 14,758 pin codes as of September 2025. The company has demonstrated a strong financial turnaround, reporting a profit of ₹6.4 crore in FY25, up from a loss in the previous year, with revenue growing to ₹2,485.13 crore. For the first half of FY26, profits further increased to ₹21 crore on a revenue of ₹1,805.6 crore. The net proceeds from the fresh issue component of the IPO will be utilized for funding capital expenditure for network infrastructure, lease payments for new centers, branding and marketing, and potential inorganic acquisitions. The grey market premium (GMP) indicates positive market sentiment, with shares trading at a premium of around 13% over the issue price.