CAM, SAM, JSA, Linklaters act on Shadowfax ₹1,907 crore IPO

Shadowfax Technologies Limited has completed an initial public offer of its equity shares aggregating to ₹1,907.269 crore, comprising a fresh issue and an offer for sale by selling shareholders.

Cyril Amarchand Mangaldas advised the issuer, Shadowfax, and one of the selling shareholders, International Finance Corporation, on this IPO.

The transaction team advising Shadowfax was led by Manshoor Nazki (Partner, Regional Co-Head - Capital Markets - South), with assistance from Amitpal Singh (Principal Associate), Sravya Surapaneni (Senior Associate) and Associates Surya Rajkumar, Bhaskar Kumar, Dhruv Sharma and Khadri Mohammed.

The capital markets team advising International Finance Corporation comprised of Aashima Johur (Partner), Associates Rishi Nandkeolyar and Abhinav Singh Chauhan.

The corporate team advising International Finance Corporation comprised of Srabanee Ghosh (Partner) and Radhika Shukla (Senior Associate).

Shardul Amarchand Mangaldas & Co advised the Investor Selling Shareholders – 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, and Qualcomm Asia Pacific Pte. Ltd, on this IPO.

The transaction team was led by Nikhil Naredi (Partner) and Manjari Tyagi (Partner), with assistance from Tarun Srikanth (Principal Associate), Jheel Bhargava (Senior Associate) and Deeksha Dhingra (Associate).

JSA Advocates & Solicitors advised the book running lead managers, ICICI Securities Limited, Morgan Stanley India Company Private Limited and JM Financial Limited, on this IPO.

The transaction team was led by Arka Mookerjee (Partner), with support from Pracheta Bhattacharya (Partner), Sourav Modi (Principal Associate), Kairav Parikh (Principal Associate), Vatsla Varandani (Senior Associate), and Associates Jeebitesh Bhattacharya, Aditya Shendye, Shreya Sharma, Palak Karundia, Ritu R Jaiswal and Sharad Panwar.

Linklaters served as the international counsel for the BRLMs.

The transaction team was led by Amit Singh (Partner and Head of India Practice), with support from Joseph Wolpin (Counsel) and Kundhavi Suresh Kumar (Managing Associate).

Shadowfax is one of India's leading logistics service provider with an extensive distribution network covering over 2,300 cities and more than 14,700 PIN codes. The Company serves a wide category of enterprise clients including horizontal and non-horizontal e-commerce, quick commerce, food marketplace, and on-demand mobility companies.

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