Markets / IPO / Shadowfax Technologies

Shadowfax Technologies IPO

Updated 17:55

Mainboard IPO on NSE and BSE · Logistics Solution Provider

Status
Listed
Price band
₹118–124
Lot size
120 shares · ₹14,880
Subscribed
2.72×

How it listed

Issue price
₹124
Listing price (open)
₹112.60 -9.19%
First-day close
₹109.98 -11.31%
Price now
₹288.25 +132.46%
Listing day28 Jan 2026
Open / high / low / close₹112.60 / ₹119.67 / ₹109.00 / ₹109.98
Shares traded on NSE2,85,14,464
Market value at the listing-day close₹6,455 cr

Closing prices since listing: 26 Oct ₹285.80, 27 Oct ₹292.30, 28 Oct ₹290.40, 29 Oct ₹294.35, 30 Oct ₹271.85, 2 Nov ₹272.90, 3 Nov ₹283.80, 4 Nov ₹279.50, 5 Nov ₹290.80, 6 Nov ₹290.50.

Shadowfax Technologies share price, live chart and technicals →

Key dates

Bidding opens20 Jan 2026
Bidding closes22 Jan 2026
Allotment23 Jan 2026
Refunds and shares in demat27 Jan 2026
Listing28 Jan 2026

Issue reservation

Investor groupShares% of issueMost applicants allotted
Institutions (QIB)4,83,62,77154.29%–
HNI / NII2,41,81,38527.14%–
  HNI, above ₹10 lakh1,61,20,92418.10%1,975
  HNI, ₹2–10 lakh80,60,4619.05%4,797
Retail1,61,20,92318.10%1,34,341
Employees4,23,7280.48%–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)1120₹14,880
Retail (maximum)131,560₹1,93,440
Small HNI (minimum)141,680₹2,08,320
Small HNI (maximum)678,040₹9,96,960
Big HNI (minimum)688,160₹10,11,840

At ₹124 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance
At least 1 in 2
Retail allotments available
1,34,341 × one lot
Retail portion subscribed
2.31×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)4,83,62,77118,40,33,8003.81×
HNI / NII2,41,81,3852,03,13,8400.84×
  HNI, above ₹10 lakh1,61,20,9241,01,19,6000.63×
  HNI, ₹2–10 lakh80,60,4611,01,94,2401.26×
Retail1,61,20,9233,71,64,7202.31×
Employees4,23,7288,76,0002.07×
Total8,90,88,80724,23,88,3602.72×

NSE and BSE bids together, as of 22 Jan 2026 19:00.

Demand at each price

Top price ₹1242,091.92 lakh shares86.3%
Cut-off final price, whatever it is; mostly retail324.71 lakh shares13.4%
Lower prices ₹118–1237.57 lakh shares0.3%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date19 Jan 2026
Lock-in ends for the first 50% (30 days)21 Feb 2026
Lock-in ends for the remaining 50% (90 days)22 Apr 2026

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹7,278 cr₹16,919 cr
P/E (last 12 months' profit)32.575.5
Revenue, last 12 months₹5,293 cr
Profit, last 12 months₹224 cr
Return on equity11.9%
Debt to equity0.00

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Logistics Solution Provider

CompanyListedSubscribedOn listingSince IPO
Pooja Logistics SME30 Sept–+2.61%+7.26%
Skyways Air Services 1 Sept71.25×-10.14%-23.18%
Shiprocket 19 Aug99.38×+35.05%+28.91%
Jayesh Logistics SME3 Nov–-1.64%+2.46%
Om Freight Forwarders 8 Oct3.87×-39.63%-15.00%
Glottis 7 Oct2.05×-34.88%-54.52%
Blue Water Logistics SME3 Jun–+4.44%+279.67%
Iware Supplychain Services SME6 May–-10.47%+317.21%

IPO details

Price band₹118–124
Final issue price₹124
Lot size120 shares
Minimum investment₹14,880 (1 lot)
MarketNSE mainboard
Issue type100% Book Building
Face value₹10 per Equity Share
IndustryLogistics Solution Provider
Issue size₹1,907.27 crore (about 15.38 crore shares) · Fresh issue + offer for sale: fresh ₹1,000.00 cr, offer for sale ₹907.27 cr
ISININE12UN01015
RegistrarKFin Technologies Limited
Helpline: +91 40 6716 2222, 18003094001, shadowfax.ipo@kfintech.com
Lead managersICICI Securities Limited, Morgan Stanley India Company Private Limited and JM Financial Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 23 Jan 2026. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Shadowfax Technologies IPO price band and lot size?

The price band is ₹118–124 per share, and one lot is 120 shares (₹14,880 at the upper price).

When is the Shadowfax Technologies IPO allotment date?

Allotment was finalised on 23 Jan 2026, the next working day after bidding closed on 22 Jan 2026.

How many times was the Shadowfax Technologies IPO subscribed?

In total 2.72 times, on NSE and BSE together; retail 2.31 times.

What is the Shadowfax Technologies IPO listing date?

It listed on 28 Jan 2026 on NSE and BSE.

What is the chance of getting Shadowfax Technologies IPO shares?

At least 1 in 2 retail applicants got the minimum lot: 1,34,341 retail allotments with the retail portion subscribed 2.31 times. Winners are picked by lottery.

When does the Shadowfax Technologies anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 21 Feb 2026 and the 90-day lock-in on the rest ends on 22 Apr 2026; they can sell from the next trading day.

What was the Shadowfax Technologies listing gain?

It opened at ₹112.60 against an issue price of ₹124, a loss of 9.19%. It is now up 132.46% from the issue price.