Description

Allocation of 6,90,33,955 equity shares to anchor investors at ₹124 per share for Shadowfax Technologies Limited IPO, raising ₹855.62 crores from 39 institutional investors.

Summary

Shadowfax Technologies Limited announced the allocation of 6,90,33,955 equity shares to anchor investors at ₹124 per share (including share premium of ₹114) on January 19, 2026. The allocation was finalized by the Committee of Independent Directors in consultation with book running lead managers ICICI Securities Limited, Morgan Stanley India Company Private Limited, and JM Financial Limited. The anchor round raised approximately ₹855.62 crores from 39 institutional investors.

Key Points

  • Total anchor allocation: 6,90,33,955 equity shares
  • Anchor investor allocation price: ₹124 per equity share (face value ₹10 + premium ₹114)
  • Total amount raised from anchors: ₹855.62 crores
  • 39 institutional investors participated in the anchor round
  • Largest allocation to ICICI Prudential Flexicap Fund (11.36% of anchor portion)
  • Government Pension Fund Global received 14.02% allocation (₹120.00 crores)
  • Major participants include ICICI Prudential, Nippon Life, HSBC, Motilal Oswal, Bandhan, Edelweiss funds
  • Foreign institutional investors include Jupiter India Fund, Eastspring, Florida Retirement System, Singapore Life Insurance Fund

Regulatory Changes

No regulatory changes announced. This is a standard anchor investor allocation disclosure as required under SEBI IPO regulations.

Compliance Requirements

  • Anchor investors are subject to lock-in requirements as per SEBI IPO guidelines
  • 50% of anchor allocation locked in for 30 days, remaining 50% for 90 days from allotment date
  • Disclosure made to BSE and NSE as required under listing regulations

Important Dates

  • January 19, 2026: Committee of Independent Directors meeting and anchor investor allocation finalized
  • Anchor investor lock-in periods commence from date of allotment

Impact Assessment

Market Impact: The successful anchor round with significant oversubscription from marquee domestic and international institutional investors signals strong market confidence in Shadowfax Technologies. The logistics and technology sector company attracted diverse investor participation including pension funds, mutual funds, insurance companies, and foreign portfolio investors.

Investor Interest: The participation of Government Pension Fund Global (Norway’s sovereign wealth fund) with the largest allocation of ₹120 crores and ICICI Prudential Flexicap Fund with ₹97.27 crores demonstrates institutional conviction. The diversity of 39 anchor investors reduces concentration risk.

IPO Outlook: Strong anchor allocation typically provides positive momentum for the retail and institutional portions of an IPO. The pricing at ₹124 per share establishes a reference point for the public issue. The logistics and delivery sector focus of Shadowfax may attract investor attention given the growth in e-commerce and quick commerce segments in India.

Impact Justification

Significant IPO anchor allocation for logistics company with strong institutional participation, indicating market interest in the upcoming public offering.