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  5. Shadowfax Technologies IPO subscribed 2.60 times so far on Day 3: Check allotment date and steps

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Shadowfax Technologies IPO subscribed 2.60 times so far on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on July 03, 2026, 18:14 IST

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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 2.60 times so far on Thursday, January 22, the third day of bidding.

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It got bids for 23,16,29,640 shares as against 8,90,88,807 shares on offer, as per the NSE data until 3:28 pm.

The portion reserved for retail individual investors (RIIs) attracted 2.15 times subscription, while the qualified institutional buyers' (QIBs') part received 3.68 times subscription. The category for non-institutional investors was booked 75%.

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.

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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
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About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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