India, Jan. 13 -- Logistics major Shadowfax Technologies' IPO will open on January 20, according to the red herring prospectus (RHP) filed by the company today.

The IPO will comprise a fresh issue of shares worth up to INR 1,000 Cr and an offer for sale (OFS) of shares worth up to INR 907.27 Cr.

As part of the OFS, Flipkart Internet will sell shares worth up to INR 400 Cr. Other selling shareholders include Eight Roads Investments, IFC, Qualcomm Asia Pacific, Nokia Growth Partners, NewQuest Asia Fund, and Mirae Asset-backed funds.

The Bengaluru-based company plans to use the proceeds from the fresh issue for capital expenditure, lease payments for new first and last mile centres and sort centres, branding and marketing, and unidentifie...