Shadowfax Technologies has established a price band of **Rs 118–124 per share** for its upcoming **Rs 1,907 crore initial public offering (IPO)**. The offering includes a fresh issue of equity shares valued at Rs 1,000 crore and an offer for sale (OFS) of Rs 907 crore. The logistics firm, which counts Flipkart among its primary backers, intends to allocate the fresh capital toward **infrastructure expansion and branding initiatives**. A portion of the proceeds is also designated to fund inorganic growth through potential strategic acquisitions. The IPO represents a significant liquidity event for the company's marquee investors while strengthening the firm's balance sheet for scaled operations in the competitive logistics sector.