Investors Eye Shadowfax IPO: Grey Market Premium Climbs Over 12% Before Opening

January 17, 2026
InvestStockWatch
Blog

Shares of logistics and delivery services provider Shadowfax are all set to debut on stock exchanges on January 28, following strong investor interest in its upcoming initial public offering (IPO). In the days leading up to the subscription window, the grey market premium (GMP) for Shadowfax shares has shown a significant rise, reflecting robust market sentiment and high expectations for listing gains.

According to platforms tracking grey market activity, Shadowfax shares are trading at a premium of over 12 percent. Investorgain reported a GMP of Rs 15 per share, which suggests a potential listing gain of around 12.10 percent. Meanwhile, IPO Watch indicated the GMP to be approximately 12.9 percent, reinforcing positive investor sentiment ahead of the IPO launch.

Shadowfax has set a price band of Rs 118 to Rs 124 per share for its IPO, valuing the company at more than Rs 7,100 crore at the upper end. The IPO is being launched to raise Rs 1,907 crore through a fresh issue of shares, aiming to support the company’s growth plans and strengthen its financial position.

The public subscription for the IPO will open on January 20 and close on January 22. Prior to this, anchor investor bidding is scheduled for January 19, giving institutional investors an opportunity to secure shares before the general public. Market watchers are closely following the IPO, with expectations of a strong listing performance driven by Shadowfax’s growing presence in the logistics and technology-driven delivery sector.