Shadowfax Technologies IPO Subscription Status
The Shadowfax Technologies IPO has been subscribed 2.72x times overall. Retail investors have shown interest with bids for 2.31x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.84x. Within NII, Big HNI (B-HNI) subscribed 0.63x and Small HNI (S-HNI) subscribed 1.26x. Qualified Institutional Buyers (QIBs) have subscribed 3.81x. Data last updated on 23 Apr, 05:37 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.
Table of Contents
Live Bidding
| Category | Offered | Applied | Amount (Cr) | Bid Details | TIMES |
|---|---|---|---|---|---|
|
QIB
|
4,83,62,771 | 18,40,33,800 | 2,282.02 Cr |
18,40,33,800
of 4,83,62,771
2,282.02 Cr
|
3.81x |
|
NII
|
2,41,81,385 | 2,03,13,840 | 251.89 Cr |
2,03,13,840
of 2,41,81,385
251.89 Cr
|
0.84x |
|
Retail
|
1,61,20,923 | 3,71,64,720 | 460.84 Cr |
3,71,64,720
of 1,61,20,923
460.84 Cr
|
2.31x |
|
Employee
|
4,23,728 | 8,76,000 | 10.86 Cr |
8,76,000
of 4,23,728
10.86 Cr
|
2.07x |
| TOTAL | 8,90,88,807 | 24,23,88,360 | 3,005.62 Cr |
24,23,88,360
3,005.62 Cr
|
2.72x |
Last Updated: 23 Apr 2026, 05:37 PM
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 43.3% 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
Subscription trends over the last 4 days
| Date | Total | ||
|---|---|---|---|
|
26 Feb 2026
DAY 4
|
2.72x
|
||
|
QIB
3.81x
BHNI
0.63x
SHNI
1.26x
Retail
2.31x
Employee
2.07x
|
|||
|
22 Jan 2026
DAY 3
|
2.72x
|
||
|
QIB
3.81x
BHNI
0.63x
SHNI
1.25x
Retail
2.28x
Employee
2.05x
|
|||
|
21 Jan 2026
DAY 2
|
0.60x
|
||
|
QIB
0.38x
BHNI
0.20x
SHNI
0.58x
Retail
1.63x
Employee
1.44x
|
|||
|
20 Jan 2026
DAY 1
|
0.47x
|
||
|
QIB
0.38x
BHNI
0.12x
SHNI
0.39x
Retail
1.09x
Employee
0.93x
|
|||
IPO Guru on Android
Get live GMP alerts, subscription updates, and allotment status directly on your phone. Fast, Free, and Secure.
Anchor Investor Allocation
Breakdown of shares allotted to anchor investors before the IPO opening
Shadowfax Technologies IPO Allotment Probability
Allotment probability is calculated based on current subscription multiples. Retail allotment is by lottery when oversubscribed; NII allotment is proportionate. Final numbers may change until subscription closes. This is not investment advice.
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:
- 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.
- 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.
- 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.
- 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 market hours (10 AM – 5 PM IST) on active subscription days.
Frequently Asked Questions
What is the current subscription status of Shadowfax Technologies IPO?
As of IPO close date (22 Jan, 2026), the Shadowfax Technologies IPO is subscribed 2.72x times. Retail category is 2.31x, and NII is 0.84x 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 2.31x, 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 3.81x mean for Shadowfax Technologies IPO?
Moderate — QIBs have subscribed 3.81x. 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:
Discussion 0
No comments yet
Be the first to share your thoughts!