return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. Shadowfax Technologies IPO Day 3: Check subscription status, allotment date and steps

Market News

Shadowfax Technologies IPO Day 3: Check subscription status, allotment date and steps

Kamal Joshi
By Kamal Joshi

3 min read | Updated on January 22, 2026, 11:13 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Shadowfax Technologies IPO: The ₹1,907.27 crore initial share sale includes new equity shares worth ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore by existing investors.

Shadowfax Technologies had collected ₹856 crore from anchor investors. | Image: Shadowfax.in

Shadowfax Technologies had collected ₹856 crore from anchor investors. | Image: Shadowfax.in

Shadowfax Technologies IPO: The initial public offering of logistics solutions provider Shadowfax Technologies has been subscribed 64% so far on Thursday, January 22, the third day of bidding.

Open FREE Demat Account within minutes!
Join now

It got bids for 5,73,26,400 shares as against 8,90,88,807 shares on offer, as per the NSE data until 11:13 am.

The portion reserved for retail individual investors (RIIs) attracted 1.81 times subscription, while the qualified institutional buyers' (QIBs') part received 38% subscription. The category for non-institutional investors was booked 38%.

The ₹1,907.27 crore initial share sale includes new equity shares worth ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore by existing investors. With a price band of ₹118 to ₹124 per share, a lot consisted of 120 shares.

The company intends to use proceeds from the fresh issue towards improving capacity in terms of network infrastructure and lease payments for new first-mile and last-mile and sort centres. The funds will also be used for branding, marketing and communication initiatives, unidentified inorganic acquisitions and corporate general purposes.

Shadowfax Technologies, which is backed by marquee investors like Flipkart, Eight Roads Ventures, TPG, Mirae Asset Ventures and Nokia Growth Funds, is India's leading logistics service provider for e-commerce express parcel and value-added services.

Jio IPO update: Company awaits govt notification on SEBI recommendations to advance public issue plans

Shadowfax Technologies IPO allotment and listing date

The basis of allotment of Shadowfax Technologies is expected to be finalised on Friday, January 23. The listing on stock exchanges will occur on Wednesday, January 28.

How to check Shadowfax Technologies IPO allotment status on NSE

Steps to check Shadowfax Technologies IPO allotment status on KFin Technologies

  • Go to the registrar's official website: https://ipostatus.kfintech.com/
  • In the ‘Select IPO’ section, pick ‘Shadowfax Technologies Ltd’
  • Identify yourself using the IPO application number, PAN or Demat account number
  • Press the 'Submit' button

Shadowfax Technologies IPO GMP

According to investorgain.com and media reports, Shadowfax Technologies' unlisted shares are trading at ₹125.5, reflecting a grey market premium of 1.21% over the upper price band of ₹124.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
To add Upstox News as your preferred source on Google, click here.
SIP
Consistency beats timing.
promotion image

About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

Next Story