Description

Lock-in details and listing information for 57.81 crore equity shares of Shadowfax Technologies Limited following its IPO.

Summary

BSE has listed 57,81,33,245 equity shares of Shadowfax Technologies Limited following its IPO. The circular provides comprehensive lock-in details for different categories of shareholders including promoters, ESOP holders, Alternative Investment Funds (AIFs), anchor investors, and public shareholders. The company, formerly known as Shadowfax Technologies Private Limited, is registered in Bangalore with CIN U72300KA2015PLC150324.

Key Points

  • Total equity shares listed: 57,81,33,245 shares (all in demat form)
  • Promoter shares (11,71,18,630 shares): Locked-in until 23-Jul-2027 (18 months)
  • Pre-IPO shareholders (25,97,57,116 shares): Locked-in until 23-Jul-2026 (6 months)
  • ESOP shares (2,07,73,464 shares): Not under lock-in for eligible employees as on 22-Jan-2026
  • AIF holdings (2,66,72,021 shares): Not under lock-in as per SEBI ICDR Regulation 17(c)
  • Anchor investors: 3,45,16,973 shares locked until 21-Feb-2026 (30 days) and 3,45,16,982 shares locked until 22-Apr-2026 (90 days)
  • Public IPO shares (8,47,78,059 shares): Not under lock-in
  • Prospectus date: 22nd January 2026

Regulatory Changes

No regulatory changes. This is a standard listing notification following IPO completion in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Compliance Requirements

  • Locked-in shareholders must comply with respective lock-in periods before trading
  • Company must maintain detailed records of lock-in holdings as per distinctive number ranges
  • Lock-in details reference pages 110-114 of the Company’s Prospectus for comprehensive terms
  • All shares are in demat form; distinctive numbers provided are for presentation purposes only

Important Dates

  • Prospectus Date: 22-Jan-2026
  • IPO Allotment Date: 23-Jan-2026
  • Circular Issue Date: 26-Jan-2026
  • Anchor Investor 30-day Lock-in Expiry: 21-Feb-2026
  • Anchor Investor 90-day Lock-in Expiry: 22-Apr-2026
  • Pre-IPO Shareholder Lock-in Expiry: 23-Jul-2026
  • Promoter Lock-in Expiry: 23-Jul-2027

Impact Assessment

Market Impact: The listing adds approximately 13.2 crore shares (ESOP + AIF + Public IPO + some anchor shares) to the tradable float immediately, representing about 23% of total listed shares. The remaining 44.6 crore shares will remain locked for varying periods.

Liquidity Impact: Medium - Significant portion (77%) under lock-in initially, with staggered unlock creating predictable float expansion at 30-day, 90-day, 6-month, and 18-month milestones.

Operational Impact: Standard IPO listing procedure. Company Secretary Krishnakauth G V (Membership No. A17291) has certified the lock-in details. The logistics and technology company can now trade on BSE under its designated ticker.

Impact Justification

New IPO listing with detailed lock-in structure affecting various shareholder categories; important for tracking tradable float but routine listing procedure