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.
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Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India
Stock market recommendations: Bharat Electronics, and Colgate-Palmolive (India) have been recommended as the top stocks to buy today (April 24, 2026) by Bajaj Broking Research. Take a look at the target prices and expected returns:Bharat ElectronicsBuy in the range of ₹ 440.00-450.00
The stock is in structural up trend forming higher high and higher low in all time frame signaling strength and continuation of the uptrend. The entire up move of the last 8 months is in a rising channel as can be seen in the chart highlighting sustained demand at an elevated level.On the smaller time frame, the stock is at the cusp of generating a breakout above the bullish Flag like formation as post a sharp up move in the first 3 weeks of April the stock went into a consolidation phase in the last four sessions. It is seen resuming up move and is at the cusp of generating a breakout above the bullish Flag formation highlighting continuation of the up move and offers fresh entry opportunity.We expect the stock to extend the up move and head towards 495 levels in the coming months being the confluence of the 123.6% external retracement of the previous decline 473 – 400 and the upper band of the rising channel of the last 8 months.Colgate-Palmolive (India)Buy in the range of 2120-2160
The share price of Colgate-Palmolive has generated a breakout above bullish Flag pattern signaling continuation of the up move and offers fresh entry opportunity.We expect the stock to head higher towards 2330 levels in the coming months being the measuring implication of the bullish flag breakout.The daily 14 periods RSI is in buy mode thus supports the positive bias in the stock.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
It is unusual for a senior figure at the Bank to be so forthright on market movements.
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Consumer confidence has fallen for the third consecutive month amid household “jitters” over rapid price rises, figures show.
GfK’s long-running consumer confidence index fell four points to minus 25 in April, following falls of two points and three points in March and February respectively.
The deepening concern was driven by perceptions of the UK economy, with a six-point slide in confidence for the next 12 months to minus 43, its lowest level since February 2023.
Confidence in personal finances over the coming year fell five points to minus four – one point lower than this time last year.
The major purchase index – an indicator of confidence in buying big ticket items – held steady, albeit at minus 18 but one point better than last April.
The only measure to improve was the savings index – often an indication that households are concerned about their finances and looking to build contingency funds – which is up five points to 32.
Neil Bellamy, consumer insights director at GfK, said: “Consumers really do have the jitters now.
“It is a year since we last saw a monthly drop of this size, and we have to go back to October 2023 to find the last time consumer confidence was lower.
“Everyone is grappling with rapid price rises, especially at the fuel pumps, which are taking a dent out of household budgets, and people know further price hikes are coming.
“Consumer confidence is deteriorating sharply, with fuel prices and threats of more energy price increases acting as constant reminders of inflation.
“While the Gulf crisis is intensifying pressures, much of the current strain reflects earlier domestic cost increases.
“How long can all this disruption and pain continue?”
UK’s clothing exports down 7.6% to $293 mn in Jan-Feb
Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India
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