Shadowfax Technologies Limited IPO to Open on January 20, 2026 with Price Band of ₹118–₹124

Shadowfax Technologies Limited shall open the Bid/Offer for its initial public offer of Equity Shares on Tuesday, January 20, 2026. The Bid/Offer will close on Thursday, January 22, 2026, while the Anchor Investor Bid/Offer Period shall be on Monday, January 19, 2026.

The Price Band for the Offer has been fixed at ₹118 to ₹124 per Equity Share of face value ₹10 each. The floor price corresponds to 11.8 times the face value of the Equity Shares, while the cap price corresponds to 12.4 times the face value of the Equity Shares.

Bids can be made for a minimum of 120 Equity Shares and in multiples of 120 Equity Shares thereafter.

The Total Offer Size aggregates up to ₹19,072.69 million (₹1,907.27 crore) and comprises a fresh issue of equity shares aggregating up to ₹10,000 million (₹1,000 crore) along with an offer for sale of equity shares aggregating up to ₹9,072.69 million (₹907.27 crore), each having a face value of ₹10.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited, with NSE being the Designated Stock Exchange for the Offer.

ICICI Securities Limited, Morgan Stanley India Company Private Limited and JM Financial Limited are acting as the book running lead managers to the Offer.

The Offer is being made in compliance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 read with Regulation 31 of the SEBI ICDR Regulations and through the Book Building Process in accordance with Regulation 6(2) of the SEBI ICDR Regulations. Allocation to Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Bidders and Eligible Employees shall be undertaken as per the applicable regulatory framework outlined in the Red Herring Prospectus.