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Shadowfax Technologies IPO opens today GMP and key things investors should know

Shadowfax Technologies IPO allotment today: How to check status, refund date, GMP and key details

  • 23rd January 2026
  • 02:00 PM
  • 3 min read
PL Capital

Summary

Shadowfax Technologies’ IPO allotment is expected to be finalised today - January 23. Investors can check their allotment status online via BSE, NSE and the registrar - KFin Technologies. Refunds are scheduled for January 27, while the stock is set to list on January 28. Grey market indicators remain flat, signalling neutral sentiment ahead of listing.

Mumbai | January 23, 2026

The share allotment for Shadowfax Technologies is likely to be completed today, following the closure of its ₹1,907.27 crore initial public offering last week.

The mainboard IPO saw moderate but broad-based participation and was subscribed 2.71 times by the end of bidding on January 22, according to exchange data.

Once the basis of allotment is finalised, equity shares will be credited to the demat accounts of successful applicants, while refunds to non-allottees will be processed on January 27. The stock is scheduled to debut on the BSE and NSE on January 28. 

How to check Shadowfax Technologies IPO allotment status

Check allotment status on BSE

Check allotment status on NSE

Check allotment status on KFin Technologies

  • Visit: https://ipostatus.kfintech.com/
  • Select Shadowfax Technologies Ltd from the IPO list
  • Choose PAN, Application Number or Demat Account
  • Enter the required details
  • Click Submit to check allotment

IPO subscription snapshot

At the end of bidding on Day 3, the issue was subscribed 2.71 times overall, indicating moderate investor demand amid volatile market conditions.

Category wise subscription details:

  • Qualified Institutional Buyers (QIBs): 3.81 times
  • Retail Individual Investors (RIIs): 2.31 times
  • Non-Institutional Investors (NIIs): 0.83 times

Grey market premium (GMP) update

The grey market premium has slipped to zero ahead of January 28 listing, amid increased volatility in broader equity markets.

Note: Grey market prices are unofficial and should be viewed only as an indicator of market sentiment.

IPO details at a glance

  • Issue size: ₹1,907.27 crore
  • Fresh issue: ₹1,000 crore
  • Offer for sale (OFS): ₹907.27 crore
  • Price band: ₹118–₹124 per share
  • Allotment date: January 23, 2026
  • Refunds: January 27, 2026
  • Listing date: January 28, 2026

About the company

Founded in 2016, Shadowfax Technologies is an Indian logistics services provider offering e-commerce and direct-to-consumer deliveries, hyperlocal and quick-commerce logistics, and personal courier services. The company operates an asset-light model with a nationwide network of first-mile, mid-mile and last-mile touchpoints.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our IPO page.

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