Shardul Amarchand Mangaldas Advised Flipkart, Eight Roads, TPG NewQuest, Nokia Growth Partners, Mirae Asset, And Qualcomm On Shadowfax Technologies Limited’s IPO
Shardul Amarchand Mangaldas advises Flipkart, Eight Roads, TPG NewQuest, Nokia Growth Partners, Mirae Asset, and Qualcomm on Shadowfax Technologies Limited’s IPO
The leading law firm in India, Shardul Amarchand Mangaldas & Co. (“SAM”) acted as legal counsel to Flipkart, Eight Roads, TPG NewQuest, Nokia Growth Partners, Mirae Asset, and Qualcomm on the initial public offering (“IPO”) of Shadowfax Technologies Limited (“Issuer”).
The IPO aggregated ₹19,072.69 million (approximately USD 208.01 million) and comprised a fresh issue of equity shares by the Issuer aggregating ₹10,000.00 million, along with an offer for sale of equity shares aggregating ₹9,072.69 million by the selling shareholders, including Flipkart Internet Private Limited, Eight Roads Investments Mauritius II Limited, NewQuest Asia Fund IV (Singapore) Pte. Ltd., Nokia Growth Partners IV, L.P., Mirae Asset – Naver New Growth Fund I, Mirae Asset – GS Retail New Growth Fund I, Qualcomm Asia Pacific Pte. Ltd., and International Finance Corporation.
The equity shares of the Issuer were listed on BSE Limited and the National Stock Exchange of India Limited on January 28, 2026.
The SAM transaction team was led by Nikhil Naredi (Partner) and Manjari Tyagi (Partner), supported by Tarun Srikanth (Principal Associate), Jheel Bhargava (Senior Associate), and Deeksha Dhingra (Associate).
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