Shadowfax Technologies Limited Sets IPO Price Band at ₹118–₹124; Issue Opens January 20

Shadowfax Technologies Limited shall open its Bid/Offer for the initial public offer of Equity Shares on Tuesday, January 20, 2026, with the Offer closing on Thursday, January 22, 2026. The Anchor Investor Bid/Offer Period shall take place 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. The floor price represents 11.8 times the face value, while the cap price represents 12.4 times the face value of the Equity Shares.

The minimum Bid Lot is 120 Equity Shares, and Bids can be made in multiples of 120 Equity Shares thereafter.

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

The Equity Shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited, with NSE being the Designated Stock Exchange.

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

The Offer is being made in accordance with the SEBI ICDR Regulations and through the Book Building Process, with allocation to Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Bidders and Eligible Employees in line with regulatory requirements and as detailed in the Red Herring Prospectus.