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(15/01/2026 07:00)

Shadowfax Technologi announces launch of initial public offering

Shadowfax Technologies Ltd. has announced public offering of 153812017 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 114.00 per share. The gross proceeds of the issue are expected to be Rs 1,90,726.90 lakhs.

The company's initial public offer (IPO) will open on 20 January 2026 and is expected to close on 22 January 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 118.00-124.00 per share.

The IPO includes a fresh Issue of 153812017 Equity Shares of the Company at an price of Rs 124.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 120 shares with bids in multiples of 120.

Shadowfax Technologies Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,JM Financial Limited,Morgan Stanley India Company Pvt. Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.
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