India, Jan. 14 -- Logistics major Shadowfax has set the price band for its IPO, which is set to open on January 20, at INR 118 to INR 124 per share.

At the upper end of the price band, the IPO values the company at INR 7,168 Cr (about $795 Mn).

Anchor bidding for the issue will take place on January 19, while the IPO will close on January 22. The shares are expected to list on the exchanges on January 28.

Shadowfax's 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, N...