Business
Shadowfax IPO GMP Jumps Ahead Of Launch; Check Price Band And Key Details
New Delhi: Shadowfax Technologies Ltd, a well-known name in India’s logistics and delivery space, is set to enter the stock market this week with its much-awaited initial public offering (IPO). The company aims to raise up to Rs 1,907.27 crore through the issue which includes a fresh share sale as well as an offer for sale by existing investors.
When will the Shadowfax Technologies IPO open?
The IPO will open for subscription on January 20, 2026, giving investors a chance to bet on the fast-growing logistics sector, and will close on January 22, 2026, with the company slated to make its debut on the BSE and NSE on January 28, 2026.
IPO Price Band and Investment Details
The company has set the IPO price band at Rs 118 to Rs 124 per share, with a face value of Rs 10 each. Retail investors can apply for at least one lot consisting of 120 shares, which means an investment of Rs 14,880 at the upper end of the price band. ICICI Securities is managing the issue as the book-running lead manager, while Kfin Technologies has been appointed as the registrar.
IPO Price Band, Lot Size and Key Managers
The company has set the IPO price band at Rs 118–124 per share, with a face value of Rs 10 each. Retail investors can apply for a minimum of one lot comprising 120 shares, which means an investment of Rs 14,880 at the upper end of the price band. ICICI Securities is the book-running lead manager for the issue, while Kfin Technologies has been appointed as the registrar.
Shadowfax Technologies IPO GMP: What It Signals for Listing
Shadowfax Technologies’ unlisted shares are currently trading at around Rs 134 in the grey market, reflecting a premium of about 8.06 per cent over the IPO’s upper price band of Rs 124, according to market observers. This suggests that investors may see modest listing gains when the stock debuts on January 28, 2026. The allotment of shares is expected to be finalised on January 23, 2026.
It is important to note that the grey market premium (GMP) is driven purely by market sentiment and can change frequently. GMP indicates how much extra investors are willing to pay over the issue price before the stock officially lists.
How Shadowfax Plans to Use IPO Funds
Shadowfax Technologies intends to use the money raised from the fresh issue primarily to strengthen and expand its logistics network. Of the total proceeds, around Rs 423 crore will be spent on capital expenditure for building network infrastructure, while Rs 138.6 crore is earmarked for lease payments for new first-mile, last-mile and sortation centres. The company also plans to invest about Rs 88.6 crore in branding and marketing, with the remaining funds set aside for inorganic growth opportunities and general corporate needs.
The company has chosen the confidential pre-filing route for its IPO, a process that allows key details in the draft red herring prospectus (DRHP) to remain private until a later stage. This approach is becoming increasingly popular among Indian companies as it offers greater flexibility and room to fine-tune IPO plans before going public.
Business
Ministers urged to stick to ticket tout ban amid fears of delay
The Government has been urged to stick to its pledge to ban ticket touting amid concerns the policy will be left out of next month’s King’s Speech.
In November, the Government announced that new rules making it illegal to resell tickets for live events for profit would end the “industrial-scale” touting that has caused misery for millions of fans.
Ministers confirmed plans to make it illegal for tickets to concerts, theatre, comedy, sport and other live events to be resold for more than their original cost.
The Labour manifesto promised stronger protections to stop consumers being scammed or priced out of events by touts, who frequently use bots to buy tickets in bulk the moment they go on sale, which they can then sell on for huge mark-ups on secondary ticketing websites.
The proposed rules make it illegal for tickets to be sold at a price above the face value – defined as the original price plus unavoidable fees including service charges.
Service fees will be capped to prevent the price limit being undermined by platforms, which will have a legal duty to monitor and enforce compliance, and individuals will be banned from reselling more tickets than they were entitled to buy in the initial sale.
A host of globally renowned artists have backed the plan, including Radiohead, Dua Lipa and Coldplay.
Following a report in the Guardian that the minister responsible for the policy, Ian Murray, had told music industry groups not to worry if the measure was not part of the King’s Speech on May 13, the Government said it required new primary legislation that it was working to deliver at the earliest opportunity.
A Government spokeswoman said: “Ticket touts are a blight on the live events industry, causing misery for millions of fans.
“We set out decisive plans last year to stamp out touting once and for all, and we are committed to delivering on these for the benefit of fans and industry.”
The music industry and Which? raised concerns about the suggestion of any delay, as sites appeared to show touts selling tickets for the Radio 1 Big Weekend in Sunderland well above the two-ticket limit for buyers and at vastly inflated prices.
Annabella Coldrick, chief executive of the Music Managers Forum, said: “2026 was supposed to mark this Government moving ‘from announcements to action’ but we have little evidence of this to date.
“A ban on ticket touting was one of only two music-related commitments in the Labour manifesto, alongside fixing EU touring.
“These are widely supported, pro-growth measures that will deliver tangible benefits to the British public. However, if ticket resale legislation is not presented in the King’s Speech, it will have the opposite effect and continue to cost those constituents hundreds of millions of pounds a year.
“This Government needs to stand by its promises and get it done.”
Adam Webb, campaign manager at FanFair Alliance, said: “The Government has a big decision to make: will they ‘put fans first’ or not?
“Last November, ministers committed to ‘bold new measures’ to ban online ticket touting and support consumers.
“Enacting these measures should be a no-brainer but, if legislation is not presented in the upcoming King’s Speech, the cycle of industrial-scale exploitation will continue.”
Lisa Webb, consumer law expert at Which?, said: “The Government has promised to put fans first but, if this legislation is not included in the King’s Speech, the only ones celebrating will be the rip-off secondary ticketing websites and online touts.”
Business
Warner Bros shareholders approve Paramount’s $111bn takeover
The approval came as Donald Trump is to attend a dinner with billionaire Paramount backers the Ellisons.
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Business
France Ends Airport Transit Visa Requirement for Indian Travellers | Business – The Times of India
France has lifted the airport transit visa requirement for Indian nationals with effect from April 10, the French Embassy in India announced on Thursday.Indian nationals holding ordinary passports are no longer required to obtain an airport transit visa when passing through the international zone of airports located on French territory during a layover en route to a third country.The change follows a decree amending the 2010 regulations on documents and visas required for the entry of foreigners into French territory. The decree was adopted and published in the French Official Gazette (Journal Officiel) on April 9, 2026.MEA welcomes the moveThe Ministry of External Affairs welcomed the announcement.“We welcome the announcement on the operationalisation of visa-free transit for Indian nationals transiting through French airports,” MEA Spokesperson Randhir Jaiswal said.He recalled that the removal of the transit visa requirement for Indian passport holders was agreed between Prime Minister Narendra Modi and French President Emmanuel Macron during their meeting in Mumbai in February this year.“The government of France has now operationalized this agreement,” Jaiswal added.Who benefitsThe measure applies to Indian nationals transiting through mainland France exclusively by air, remaining in the international airport zone without entering French territory.President Macron had announced during his visit to India in February that measures would be taken to ease travel for Indian nationals via France.
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What do you think is the main advantage of this visa policy change?
The updated procedures have been reflected on the France-Visas platform.
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