Logistics company Shadowfax Technologies has successfully raised a significant sum from anchor investors. The firm secured Rs 856 crore just one day before its initial public offering opens for public subscription. This development comes from an official stock exchange filing.
Details of the Anchor Investment
Shadowfax allotted 6.9 crore equity shares to 39 anchor investors. Each share was priced at Rs 124. This price point represents the upper end of the IPO's price band. The allocation process was completed smoothly ahead of the public offering.
Strong Participation from Domestic Mutual Funds
Domestic mutual funds played a major role in this anchor investment round. They accounted for approximately 53% of the total anchor allocation. In monetary terms, this translates to shares worth Rs 455.7 crore.
Nine mutual fund houses actively participated in the investment. These institutions used 20 different schemes to acquire shares in Shadowfax. Their involvement highlights strong institutional confidence in the logistics firm's prospects.
The anchor investment round sets a positive tone for Shadowfax's upcoming IPO. It demonstrates robust investor interest in the company's growth story. The logistics sector continues to attract significant capital as e-commerce and supply chain activities expand across India.
