Shadowfax Technologies IPO Subscription
ListedUpdated 28 January 2026, 9:15 AM IST· Mainboard
Shadowfax Technologies IPO subscription closed on 22 January 2026 at 2.86x overall by shares. QIB demand came in at 4.00x, NII at 0.88x, and retail at 2.42x. See Retail, SHNI, and BHNI allotment chances in the table…
Shadowfax Technologies IPO subscription closed on 22 January 2026 at 2.86x overall by shares. QIB demand came in at 4.00x, NII at 0.88x, and retail at 2.42x. See Retail, SHNI, and BHNI allotment chances in the table below.
Show moreShow less
Allotment date is 23 January 2026. Listing date on NSE and BSE is 28 January 2026.
Shadowfax Technologies IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 20 Jan 2026 | 0.40x | 0.23x | 1.20x | 0.50x |
| Day 2 - 21 Jan 2026 | 0.40x | 0.35x | 1.75x | 0.63x |
| Day 3 - 22 Jan 2026 | 4.00x | 0.88x | 2.43x | 2.86x |
Shadowfax Technologies IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Shadowfax Technologies IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 1.79x | 1 in 2 |
| SHNI (Rs 2L to Rs 10L) | 1.19x | 1 in 1 |
| BHNI (above Rs 10L) | 0.12x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Shadowfax Technologies IPO Allotment Status page from 23 January 2026 for your result.
Shadowfax Technologies IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 124.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 570.68 Cr | Rs 2,282.02 Cr | 4.00x |
| FII | - | Rs 1,361.35 Cr | - |
| DFI | - | Rs 68.54 Cr | - |
| Mutual Funds | - | Rs 710.19 Cr | - |
| Other | - | Rs 141.95 Cr | - |
| NII | Rs 285.34 Cr | Rs 251.89 Cr | 0.88x |
| bNII (above Rs 10L) | Rs 190.23 Cr | Rs 125.48 Cr | 0.66x |
| Corporate | - | Rs 3.29 Cr | - |
| Individual | - | Rs 118.72 Cr | - |
| Other | - | Rs 3.47 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 95.11 Cr | Rs 126.41 Cr | 1.33x |
| Corporate | - | Rs 63.24 L | - |
| Individual | - | Rs 121.71 Cr | - |
| Other | - | Rs 4.06 Cr | - |
| Retail | Rs 190.23 Cr | Rs 460.84 Cr | 2.42x |
| Cut-off price | - | Rs 393.52 Cr | - |
| Fixed price | - | Rs 67.32 Cr | - |
| Employee | Rs 5.00 Cr | Rs 10.86 Cr | 2.17x |
| Cut-off price | - | Rs 9.12 Cr | - |
| Fixed price | - | Rs 1.74 Cr | - |
| Total | Rs 1,051.25 Cr | Rs 3,005.62 Cr | 2.86x |
Shadowfax Technologies IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 4,60,22,637 | 87 | 0.00x |
| FII | - | 42 | - |
| DFI | - | 9 | - |
| Mutual Funds | - | 5 | - |
| Other | - | 31 | - |
| NII | 13,697 | 6,543 | 0.48x |
| bNII (above Rs 10L) | 9,131 | 1,126 | 0.12x |
| Corporate | - | 9 | - |
| Individual | - | 1,085 | - |
| Other | - | 32 | - |
| sNII (Rs 2L to Rs 10L) | 4,566 | 5,417 | 1.19x |
| Corporate | - | 21 | - |
| Individual | - | 5,211 | - |
| Other | - | 185 | - |
| Retail | 1,27,841 | 2,29,092 | 1.79x |
| Cut-off price | - | 1,96,620 | - |
| Fixed price | - | 32,472 | - |
| Employee | 3,360 | 5,093 | 1.52x |
| Cut-off price | - | 4,359 | - |
| Fixed price | - | 734 | - |
| Total | 4,61,67,535 | 2,40,815 | 0.01x |
What Do These Subscription Numbers Mean?
2.86x overall by shares means bids covered about 3 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 4.00x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.48x by applications). Split: SHNI 1.19x, BHNI 0.12x by applications. SHNI and BHNI allotment is by lottery.
At 1.79x subscription by applications, about 1 in 2 retail applicants may get allotment (~56% chance per application). Retail allotment is also by lottery.
Shadowfax Technologies IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 20 January 2026 |
| IPO Close Date | 22 January 2026 |
| Allotment Date | 23 January 2026 |
| Refund Initiation | 24 January 2026 |
| Share Credit to Demat | 24 January 2026 |
| Listing Date | 28 January 2026 |
| Minimum Investment | Rs 14,880.00 |
| Lot Size | 120 shares |
About Shadowfax Technologies IPO
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Shadowfax Technologies IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Shadowfax Technologies IPO Details
Issue size, price, financials, and company info
Shadowfax Technologies IPO GMP
Live grey market premium and listing estimate
Shadowfax Technologies IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Shadowfax Technologies IPO Allotment
Allotment date, chances, and check by PAN
Shadowfax Technologies IPO Review
SWOT, strengths, risks, and IPO review
Shadowfax Technologies IPO FAQ
Common questions on dates, GMP, and allotment
Shadowfax Technologies IPO Registrar
Registrar website and how to check allotment
Shadowfax Technologies IPO Timeline
Open, close, allotment, and listing dates
Shadowfax Technologies IPO News
Updates, blogs, and latest IPO news
Shadowfax Technologies IPO Subscription FAQs
What is Shadowfax Technologies IPO subscription status today?
Shadowfax Technologies IPO subscription closed on 22 January 2026 with overall subscription of 2.86x (by shares) as of 18 October 2026, 5:17 PM IST. QIB 4.00x, NII 0.48x, Retail 1.79x.
What is the overall subscription of Shadowfax Technologies IPO?
Shadowfax Technologies IPO is subscribed 2.86x overall by shares at close on 22 January 2026. QIB 4.00x, NII 0.48x, and Retail 1.79x.
What is Shadowfax Technologies IPO QIB subscription?
Shadowfax Technologies IPO QIB (Qualified Institutional Buyers) subscription is 4.00x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Shadowfax Technologies IPO Retail subscription?
Shadowfax Technologies IPO Retail subscription is 1.79x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Shadowfax Technologies IPO NII, SHNI, and BHNI subscription?
Shadowfax Technologies IPO NII subscription is 0.48x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 1.19x and BHNI (above Rs 10L) at 0.12x.
What are Shadowfax Technologies IPO retail allotment chances?
At 1.79x subscription by applications, about 1 in 2 retail applicants may get allotment (~56% chance per application). Allotment is by lottery. Share subscription was 2.42x. Allotment chances use applications, not share volume.
What are Shadowfax Technologies IPO SHNI allotment chances?
At 1.19x subscription by applications, about 1 in 1 SHNI applicants may get allotment (~84% chance per application). Allotment is by lottery.
What are Shadowfax Technologies IPO BHNI allotment chances?
Shadowfax Technologies IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is Shadowfax Technologies IPO allotment date?
Shadowfax Technologies IPO allotment date is 23 January 2026. Check Shadowfax Technologies IPO Allotment Status on IPOwiz from that day using your PAN.
When does Shadowfax Technologies IPO subscription close?
Shadowfax Technologies IPO subscription closed on 22 January 2026. No new applications are accepted after the close.
What is Shadowfax Technologies IPO GMP today?
Shadowfax Technologies IPO GMP is ₹-3 today (-2.42% over issue price ₹124). See live GMP on the Shadowfax Technologies IPO GMP Today page.
What is Shadowfax Technologies IPO issue price and lot size?
Shadowfax Technologies IPO issue price is ₹124 per share. Lot size is 120 shares. Minimum investment is ₹14,880 per lot. Issue size: ₹1,907.27 Cr.
When is Shadowfax Technologies IPO listing date?
Shadowfax Technologies IPO listing date is 28 January 2026 on NSE and BSE. Allotment is on 23 January 2026.
How does subscription affect Shadowfax Technologies IPO allotment?
In Shadowfax Technologies IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 2.86x overall, competition is moderate.
For allotment results from 23 January 2026, visit the Shadowfax Technologies IPO Allotment Status page. For listing day updates on 28 January 2026, download the IPOwiz App.
Sources
We match Shadowfax Technologies IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.