Archive · 23 Jul 2026
Investors to sell Shadowfax shares worth ₹1,048 crore
Eight Roads, Flipkart, and IMM India Fund are selling their shares in Shadowfax Technologies Ltd worth ₹1,048 crore.
This is happening because a six-month lock-in period after the company's IPO has ended.
The floor price for the shares is ₹197, which is a 9.87% discount to the stock's closing price.
Shadowfax reported a significant increase in revenue and profit in the March quarter.
The company clarifies it is not aware of any stake sale negotiations.
Eight Roads, Flipkart, and IMM India Fund are selling shares worth ₹1,048 crore in Shadowfax Technologies Ltd.
The floor price is set at ₹197 per share, a 9.87% discount to the stock's closing price.
The lock-in period for major pre-IPO investors ended on 23 July, making 49% of Shadowfax's shares tradeable.
Shadowfax reported revenue of ₹1,237 crore in the March quarter, up 74% from the previous year.
The company made a profit of ₹56 crore in the March quarter, compared to a ₹10 crore loss the previous year.
- Who
- Eight Roads Ventures, Flipkart Internet, IMM India Fund
- What
- Selling shares worth ₹1,048 crore in Shadowfax Technologies Ltd
- When
- 23 July
- Where
- India
- Why
- End of six-month lock-in period post-IPO
Investor Perspective
Company Perspective
Stake Sale
Investor Perspective
Investors are selling their stakes to realize profits after the lock-in period ends.
Company Perspective
The company clarifies it is not aware of any stake sale negotiations.
- Floor Price
- ₹197 per share
- Discount to Closing Price
- 9.87%
- Lock-in Period
- 6 months
- Total Shares Outstanding
- 55.57 million (Eight Roads), 42.64 million (Flipkart), less than 1% (IMM India)
- Revenue (March Quarter)
- ₹1,237 crore
- Adjusted Ebitda (March Quarter)
- ₹58 crore
- Profit (March Quarter)
- ₹56 crore