Shadowfax Technologies IPO
The Shadowfax Technologies IPO was a ₹1,907.27 crore mainboard issue (fresh issue and offer for sale), open for bidding from 20 Jan to 22 January 2026 at a price band of ₹118 to ₹124. The final issue price was ₹124. It was subscribed 2.72 times overall, and 2.31 times in the retail category. Shares listed on NSE and BSE on 28 January 2026 at ₹112.60, 9.2% below the issue price, and closed the first day at ₹109.98.
- Listing gain at open
- −9.2%₹112.60 vs ₹124
- Issue price
- ₹124Band ₹118 to ₹124
- Lot size
- 120 sharesMinimum ₹14,880
- Issue size
- ₹1,907.27 crore
- Subscribed
- 2.72xOverall
- Listed
- 28 Jan 2026NSE, BSE
Price and lots
Shadowfax Technologies IPO details
NSE issue details| Bidding dates | 20 Jan 2026 to 22 Jan 2026 |
| Listing date | 28 January 2026 |
| Price band | ₹118 to ₹124 |
| Final issue price | ₹124 |
| Face value | ₹10 per share |
| Lot size | 120 shares |
| Minimum investment | ₹14,880 (120 shares, our calculation) |
| Retail maximum | 13 lots (₹1,93,440), under ₹2 lakh (our calculation) |
| Issue size | ₹1,907.27 crore (our calculation from the NSE issue details) |
| Type of issue | 100% Book Building, Fresh issue and offer for sale |
| Listed on | NSE and BSE |
| NSE symbol | SHADOWFAX |
| BSE code | 544685 |
| ISIN | INE12UN01015 |
| Lead managers | ICICI Securities Limited, Morgan Stanley India Company Private Limited, JM Financial Limited |
| Registrar | KFin Technologies Limited |
Subscription and listing
Shadowfax Technologies IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details- QIBs3.81x
- Non-institutional (NII)0.84x
- NII above ₹10 lakh0.63x
- NII ₹2 lakh to ₹10 lakh1.26x
- Retail2.31x
- Employees2.07x
- Total2.72x
Times subscribed at the close of bidding, as published by NSE. It is a fact about demand, not a sign of quality.
Listing day
Our calculation: gains vs issue price| NSE | BSE | |
|---|---|---|
| Open | ₹112.60 | ₹113.00 |
| High | ₹119.67 | - |
| Low | ₹109.00 | - |
| Close | ₹109.98 | ₹109.90 |
| Gain at open | −9.2% | −8.9% |
| Gain at close | −11.3% | −11.4% |
| Shares traded | 2,85,14,464 | - |
Latest: closed at ₹288.25 on NSE on 6 November 2026, +132.5% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Shadowfax Technologies IPO compares
Our calculation: 2026 mainboard IPOs on IPO24by7Among 109 mainboard IPOs of 2026 on our tracker, the Shadowfax Technologies IPO's subscription of 2.72 times ranks 83rd of 109, and its listing loss of 9.2% at open ranks 97th of 107. By issue size it ranks 14th. The median listing-day gain at open for mainboard IPOs this year is +7.6%. See all 2026 IPOs with listing gains or the IPO calendar for January 2026.
Other mainboard IPOs listed in January 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Amagi Media Labs | 21 Jan 2026 | ₹361 | 30.22x | −11.9% |
| Bharat Coking Coal | 19 Jan 2026 | ₹23 | 146.87x | +95.7% |
Allotment
Shadowfax Technologies IPO allotment status
- Open the registrar's pageKFin Technologies Limited is the registrar. Open its allotment page.
- Select Shadowfax Technologies LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Shadowfax Technologies IPO FAQs
What was the Shadowfax Technologies IPO price band?
The price band was ₹118 to ₹124 per share and the final issue price was ₹124. The face value is ₹10 per share.
What was the Shadowfax Technologies IPO lot size?
One lot was 120 shares. The minimum investment at the issue price was ₹14,880. Retail investors could apply for up to 13 lots.
How many times was the Shadowfax Technologies IPO subscribed?
It was subscribed 2.72 times overall, as published by NSE. QIBs bid 3.81 times their quota, NIIs 0.84 times and retail investors 2.31 times.
What was the Shadowfax Technologies IPO listing price?
It opened at ₹112.60 on NSE and BSE on 28 January 2026, a loss of 9.2% over the issue price of ₹124 (our calculation). It closed the day at ₹109.98.
How do I check Shadowfax Technologies IPO allotment status?
KFin Technologies Limited is the registrar. Select Shadowfax Technologies Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Shadowfax Technologies IPO a fresh issue or an offer for sale?
Fresh issue and offer for sale, as stated in the NSE issue details.
Who were the lead managers of the Shadowfax Technologies IPO?
ICICI Securities Limited, Morgan Stanley India Company Private Limited, JM Financial Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.