3rf Flr Shilpitha Tech Park Sy,No 55/3 55/4 ORR Devarabisanah,

Bangalore - 560103,

Karnataka, India.

Phone : 080 6452 5653

Fax : NA

Email :  investors@shadowfax.in

Website :  www.shadowfax.in

Initial public offering of up to 153812016 equity shares of face value of (Rs)10/- each ("Equity Shares") of Shadowfax Technologies Limited ( "Company") for cash at a price of (Rs) 118-(Rs) 124 per equity share (Including a Share Premium of (Rs) 108-(Rs) 114 Per Equity Share) ("Offer Price") aggregating up to (Rs) 1907.27 crores comprising a fresh issue of up to 80645161 equity shares of face value of (Rs)10/- each aggregating up to (Rs)1000.00 crores by the company ("Fresh Issue") and an offer for sale of up to 73166855 equity shares of face value of (Rs)10/- each aggregating up to (Rs)907.27 crores by the selling shareholders ( The "Offer for Sale", Together With the Fresh Issue, the "Offer"), consisting of up to 32258064 equity shares of face value of (Rs)10/- each aggregating up to (Rs)400.00 crores by Flip Kart Internet Private Limited; up to 15887096 equity shares of face value of (Rs)10/- each aggregating up to (Rs)197.00 crores by Eight Roads Investments Mauritius II Limited ( Formerly Known as FIL Capital Investments (Mauritius) II Limited); up to 5286290 equity shares of face value of (Rs)10/- each aggregating up to (Rs)65.55 crores by International Finance Corporation; up to 5275806 equity shares of face value of (Rs) 10 each aggregating up to (Rs) 65.42 Crores by Qualcomm Asia Pacific Pte Ltd; up to 4782258 equity shares of face value of (Rs) 10 each aggregating up to (Rs) 59.30 Crores by Nokia Growth Partners IV, I.P. up to 3629032 equity shares of face value of (Rs)10/- each aggregating up to (Rs)45.00 Crores by Newquest Asia Fund IV ( Singapore ) Pte Ltd; equity shares of face value of (Rs)10/- each aggregating up to (Rs)37.5 crores by Mirae Asset - Naver New Growth Fund I; And up to 3024193 equity shares of face value of (Rs)10/- each aggregating up to (Rs)37.50 crores by Mirae Asset - GS Retail New Growth Fund I ( Collectively The " Investor Selling Shareholders " or " Selling Shareholders " ). The offer includes a reservation of up to 403225 equity shares of face value of (Rs) 10 each, aggregating up to (Rs) 5.00 Crores ( Constituting up to [*] of the post-offer paid-up equity share capital ) , for subscription by eligible employee ( " Employee Reservation Portion " ). The offer Less the employee reservation portion is hereinafter referred to as the " Net Offer ". The offer and the net offer shall constitute [*] and [*] of the post-offer paid-up equity share capital of the company, respectively. Price Band: (Rs) 118/- to (Rs) 124/- for equity share of face value of (Rs) 10 each. The floor price is 11.80 times times the face value and cap price is 12.40 times of the face value of the equity shares. Bids can made for a minimum of 120 equity shares and in multiples of 120 equity shares thereafter.

Minimum Application for shares in Nos : 120   Further Multiples of : 120