Shadowfax Technologies IPO
Logistics / 3PL - Listed on 28 January 2026
Shadowfax Technologies IPO listing summary
Shadowfax Technologies (Logistics / 3PL) closed its IPO window in 2026 and listed on NSE and BSE on 28 January 2026 at an upper band issue price of Rs 124, opening at Rs 112.6 for a listing gain of -9.2% and closing day one at Rs 109.98 (-11.3% on closing basis). The IPO was subscribed 2.72x overall - QIB 3.81x, HNI/NII 0.84x, Retail 2.31x. The total issue size was Rs 1,907.27 Cr (Fresh Issue Rs 1000 Cr, OFS Rs 907.27 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Shadowfax Technologies IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs -6 | -4.84% |
| Day 2 | Rs -6 | -4.84% |
| Day 3 | Rs -6 | -4.84% |
| Day 4 | Rs -6 | -4.84% |
| Day 5 | Rs -6 | -4.84% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Shadowfax Technologies IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Shadowfax Technologies IPO - FAQs
What was the listing gain of Shadowfax Technologies IPO?
Shadowfax Technologies IPO listed at -9.2% versus the upper issue price of Rs 124 on 28 January 2026.
How many times was Shadowfax Technologies IPO subscribed?
Shadowfax Technologies IPO was subscribed 2.72x overall. QIB portion was subscribed 3.81x, HNI / NII 0.84x and Retail 2.31x.
What was the IPO GMP for Shadowfax Technologies?
IPO GMP started at Rs -6 on Day 1 and moved to Rs -6 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.