Shadowfax Technologies IPO Subscription Status
Shadowfax Technologies IPO was subscribed 2.86 times when bidding closed on 22 Jan 2026: QIB 4x, NII 0.88x, Retail 2.43x.
The Shadowfax Technologies IPO has been subscribed 2.86x times overall. Retail investors have shown interest with bids for 2.43x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.88x. Within NII, Big HNI (B-HNI) subscribed 0.66x and Small HNI (S-HNI) subscribed 1.33x. Qualified Institutional Buyers (QIBs) have subscribed 4x. Data last updated on 03 Sep, 02:43 PM.
The IPO subscription period has ended. The issue opened on 20 Jan, 2026 and closes on 22 Jan, 2026. The shares are expected to list on stock exchanges on 28 Jan, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 19,34,51,084 of 4,83,62,771 2,398.79 Cr | 4x |
| NII | 2,12,79,619 of 2,41,81,385 263.87 Cr | 0.88x |
bHNI — bid amount above ₹10 Lakh |
1,06,39,810 131.93 Cr | 0.66 |
sHNI — bid amount ₹2–10 Lakh |
1,07,20,413 132.93 Cr | 1.33 |
| Retail | 3,91,73,843 of 1,61,20,923 485.76 Cr | 2.43x |
| Employee | 9,19,490 of 4,23,728 11.40 Cr | 2.17x |
| TOTAL | 25,47,93,988 2,25,816 applications 3,159.45 Cr | 2.86x |
Shadowfax Technologies IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹124.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| TOTAL 2.02x subscribed | 2,25,816 | 1,38,325 | 2 out of 32 out of 3 |
Shadowfax Technologies IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 41.2% for a single lot.
Caution Advised
The stock is trading at a discount (-5%) in the grey market, signaling potential listing at or below the issue price.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
22 Jan 2026
Day 3 |
2.86x | ▼ | |
|
QIB4x
BHNI0.66x
SHNI1.33x
Retail2.43x
Employee2.17x
|
|||
|
21 Jan 2026
Day 2 |
0.60x | ▼ | |
|
QIB0.38x
BHNI0.20x
SHNI0.58x
Retail1.63x
Employee1.44x
|
|||
|
20 Jan 2026
Day 1 |
0.47x | ▼ | |
|
QIB0.38x
BHNI0.12x
SHNI0.39x
Retail1.09x
Employee0.93x
|
|||
Shadowfax Technologies IPO dates
From the bidding window to listing. Today is 30 October.
- Open 20 Jan 2026
- Close 22 Jan 2026
- Allotment 23 Jan 2026
- Refund/credit 27 Jan 2026
- Listing 28 Jan 2026
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Shadowfax Technologies IPO?
As of IPO close date (22 Jan, 2026), the Shadowfax Technologies IPO is subscribed 2.86x times. Retail category is 2.43x, and NII is 0.88x subscribed.
When is the allotment date for Shadowfax Technologies IPO?
The allotment for Shadowfax Technologies IPO is expected to be finalized on 23 January, 2026.
What is the GMP of Shadowfax Technologies?
The Grey Market Premium (GMP) for Shadowfax Technologies is currently ₹-6, indicating a potential listing gain of -5%.
When will Shadowfax Technologies IPO list on the stock market?
Shadowfax Technologies is scheduled to list on BSE and NSE on 28 January, 2026.
What are the chances of getting allotment in Shadowfax Technologies IPO?
The retail category is oversubscribed at 2.43x, meaning allotment is by lottery. Statistically, approximately 1 in 3 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 4x mean for Shadowfax Technologies IPO?
Moderate — QIBs have subscribed 4x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Shadowfax Technologies IPO allotment status?
After the allotment date (23 Jan, 2026), you can check your Shadowfax Technologies IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Shadowfax Technologies IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
