January, 22 2026 Thursday 03:20 Hrs
Last update 11-9-2025
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IPO Synopsis

Shadowfax Technologies Ltd
  • Registered Office: 3rf Flr Shilpitha Tech Park Sy,No 55/3 55/4 ORR Devarabisanah, Bangalore - 560103, Karnataka, India.
  • Phone : 080 6452 5653   Fax:
  • Email : investors@shadowfax.in
  • Website :www.shadowfax.in
Initial public offering of up to 153812016 equity shares of face value of Rs.10/- each ("Equity Shares") of Shadowfax Technologies Limited ( "Company") for cash at a price of Rs. 118-Rs. 124 per equity share (Including a Share Premium of Rs. 108-Rs. 114 Per Equity Share) ("Offer Price") aggregating up to Rs. 1907.27 crores comprising a fresh issue of up to 80645161 equity shares of face value of Rs.10/- each aggregating up to Rs.1000.00 crores by the company ("Fresh Issue") and an offer for sale of up to 73166855 equity shares of face value of Rs.10/- each aggregating up to Rs.907.27 crores by the selling shareholders ( The "Offer for Sale", Together With the Fresh Issue, the "Offer"), consisting of up to 32258064 equity shares of face value of Rs.10/- each aggregating up to Rs.400.00 crores by Flip Kart Internet Private Limited; up to 15887096 equity shares of face value of Rs.10/- each aggregating up to Rs.197.00 crores by Eight Roads Investments Mauritius II Limited ( Formerly Known as FIL Capital Investments (Mauritius) II Limited); up to 5286290 equity shares of face value of Rs.10/- each aggregating up to Rs.65.55 crores by International Finance Corporation; up to 5275806 equity shares of face value of Rs. 10 each aggregating up to Rs. 65.42 Crores by Qualcomm Asia Pacific Pte Ltd; up to 4782258 equity shares of face value of Rs. 10 each aggregating up to Rs. 59.30 Crores by Nokia Growth Partners IV, I.P. up to 3629032 equity shares of face value of Rs.10/- each aggregating up to Rs.45.00 Crores by Newquest Asia Fund IV ( Singapore ) Pte Ltd; equity shares of face value of Rs.10/- each aggregating up to Rs.37.5 crores by Mirae Asset - Naver New Growth Fund I; And up to 3024193 equity shares of face value of Rs.10/- each aggregating up to Rs.37.50 crores by Mirae Asset - GS Retail New Growth Fund I ( Collectively The " Investor Selling Shareholders " or " Selling Shareholders " ). The offer includes a reservation of up to 403225 equity shares of face value of Rs. 10 each, aggregating up to Rs. 5.00 Crores ( Constituting up to [*] of the post-offer paid-up equity share capital ) , for subscription by eligible employee ( " Employee Reservation Portion " ). The offer Less the employee reservation portion is hereinafter referred to as the " Net Offer ". The offer and the net offer shall constitute [*] and [*] of the post-offer paid-up equity share capital of the company, respectively. Price Band: Rs. 118/- to Rs. 124/- for equity share of face value of Rs. 10 each. The floor price is 11.80 times times the face value and cap price is 12.40 times of the face value of the equity shares. Bids can made for a minimum of 120 equity shares and in multiples of 120 equity shares thereafter.
Issue
Opens On Closes On
20-Jan-26 22-Jan-26
Money Payable On
Application Allotment
118.00 0.00
Minimum Application for shares in Nos : 120 Further Multiples of : 120
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 ICICI Securities Limited
Project Financed through Current Offer (.Cr) 1907.27  
Post Issue Equity Share Capital (.Cr) 1497.49
Issue Price () 118.00
Projects
Funding of capital expenditure requirements of the Company in relation to its network infrastructure
Funding of lease payments for new first mile centers, last mile centers and sort centers
Funding of branding, marketing and communication costs
General corporate purposes
Promoted By
Abhishek Bansal
Vaibhav Khandelwal
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd
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