Data sourced from BSE & NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 2.86x·QIB 4.00x·NII 0.88x·Retail 2.42x
Based on retail subscription by applications (1.79×), approximately 1 in 2 retail applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Shadowfax Technologies Limited Mainboard IPO was subscribed 2.86x in total when bidding closed on Jan 22, 2026, with 4x in the QIB category, 0.88x in NII, 2.42x in retail across BSE and NSE. The issue is oversubscribed, indicating healthy demand across investor categories. The issue ran from Jan 20, 2026 to Jan 22, 2026 at a price band of ₹118–₹124 per share. Allotment was finalised on Jan 23, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 46022638 | 184033800 | 4 |
| NIIs | 23011319 | 20313840 | 0.88 |
| BNIIs (>10L) | 15340879 | 10119600 | 0.66 |
| SNIIs (<10L) | 7670440 | 10194240 | 1.33 |
| Retail | 15340879 | 37164600 | 2.42 |
| Employee | 403226 | 876000 | 2.17 |
| Total | 84778062 | 242388240 | 2.86 |
| Total Applications2,40,898 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 9,131 | 1,121 | 0.12 |
| SNIIs (<10L) | 4,566 | 5,417 | 1.19 |
| Retail | 1,27,841 | 2,29,068 | 1.79 |
| Employee | - | 5,122 | - |
| Total Applications2,40,898 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 570.68 | 2282.02 | 4 |
| FIIs | - | 1361.35 | - |
| DIIs | - | 68.54 | - |
| Mutual Funds | - | 710.19 | - |
| Others | - | 141.95 | - |
| NIIs | 285.34 | 251.89 | 0.88 |
| BNIIs (>10L) | 190.23 | 125.48 | 0.66 |
| SNIIs (<10L) | 95.11 | 126.41 | 1.33 |
| Retail | 190.23 | 460.84 | 2.42 |
| Employee | 5 | 10.86 | 2.17 |
| TOTAL | 1051.25 | 3005.61 | 2.86 |
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
|
Day 1
20 Jan 2026
5:00 PM
|
0.40x |
0.23x
0.13x
0.42x
|
1.18x | 0.50x |
|
Day 2
21 Jan 2026
5:00 PM
|
0.40x |
0.34x
0.21x
0.61x
|
1.74x | 0.63x |
|
Day 3
22 Jan 2026
5:00 PM
|
4.00x |
0.88x
0.66x
1.33x
|
2.42x | 2.86x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE & NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 0.12x |
| sHNI | 1.19x |
| Retail | 1.79x |
Because Shadowfax Technologies closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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