Shadowfax Technologies IPO Allotment Status: Issue Subscribed 2.72x, Strong QIB Demand at Close

Mumbai, January 23, 2026 – The initial public offering of Shadowfax Technologies Limited has closed with an overall subscription of 2.72 times, led by a sharp surge in qualified institutional buyer (QIB) participation on the final day, alongside healthy interest from retail investors.
As per the cumulative demand schedule updated at 7:00 PM on January 22, 2026, the IPO received bids for 24.24 crore shares against 8.91 crore shares on offer.

Step-by-Step Guide to Check Shadowfax Technologies IPO Allotment Status​

Investors can check the allotment status of Shadowfax Technologies Limited IPO through the registrar and stock exchange websites once the basis of allotment is finalised.

1. Check Allotment Status on Registrar Website (KFin Technologies)​

Open:
https://ipostatus.kfintech.com/

Steps:

1. Select Shadowfax Technologies Limited from the IPO list.
2. Choose the search option:
   
   • PAN, or
   • Application Number, or
   • DP ID / Client ID
3. Enter the required details and captcha.
4. Click Submit to view the allotment status.

Registrar: KFin Technologies Limited

2. Check Allotment Status on BSE Website​

Open:
https://www.bseindia.com/investors/appli_check.aspx
Steps:

1. Select Equity as the issue type.
2. Choose Shadowfax Technologies Limited from the company dropdown.
3. Enter your Application Number or PAN.
4. Click Search to view the allotment result.

Exchange: BSE

3. Check Allotment Status on NSE Website​

Open:
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Steps:

1. Select Equity as the issue type.
2. Choose Shadowfax Technologies Limited from the company dropdown.
3. Enter your PAN or Application Number.
4. Submit the details to check the bid and allotment status.

Exchange: NSE
Once the allotment is finalised, shares allotted will be credited to investors’ demat accounts, while refunds for non-allottees will be initiated as per the IPO timeline.

Final Subscription Status​

Shadowfax Technologies Limited IPO
Status at close: January 22, 2026 | 07:00 PM

Category-wise Demand Snapshot​

The QIB segment anchored the issue at close, ending with 3.81 times subscription. Foreign institutional investors bid for nearly 10.98 crore shares, while mutual funds accounted for about 5.73 crore shares, reflecting strong institutional appetite toward the end of the issue.
The retail individual investor portion closed at 2.31 times, supported mainly by cut-off bids, which accounted for more than 3.17 crore shares. Retail price bids stood at 54.29 lakh shares.
In the non-institutional investor category, overall subscription reached 0.84 times. The smaller HNI segment, covering bids between ₹2 lakh and ₹10 lakh, was subscribed 1.26 times, while the large HNI segment remained below full subscription at 0.63 times.
The employee reservation was subscribed 2.07 times, led predominantly by cut-off applications.

Price-wise Bid Distribution​

Exchange data indicates that bidding was concentrated toward the upper end of the price band. At the cut-off price, bids aggregated to 3.25 crore shares, while cumulative bids at the Rs 124 price level stood at 24.17 crore shares, pointing to investor preference for allocation certainty.

What’s Next​

With the IPO bidding concluded, attention now turns to the finalisation of the basis of allotment, which is expected shortly. Successful applicants will see shares credited to their demat accounts, followed by the company’s listing on the stock exchanges as per the announced timeline.

About the Company​

Shadowfax Technologies Limited is a logistics services provider focused on express parcel delivery, reverse logistics, and hyperlocal solutions for e-commerce, quick commerce, food marketplaces, and on-demand mobility platforms. The company operates a nationwide logistics network covering over 14,700 pin codes across India.