Shadowfax Technologies is set to enter the public markets with its shares scheduled to list on both the National Stock Exchange and the Bombay Stock Exchange on January 28.
The company’s initial public offering attracted moderate investor interest across categories. With allotment completed and share credits underway, market participants are preparing for the stock’s debut on domestic indices.
Shadowfax Technologies will make its stock market debut on Wednesday, January 28, with shares listing on both the NSE and BSE.
Following the listing, the company’s stock will be available for trading on the domestic benchmark indices, including Sensex and Nifty.
The listing comes after completion of the IPO process, marking Shadowfax’s transition to a publicly traded entity.
The Shadowfax Technologies IPO was open for subscription from January 20 to January 22. Over the three-day bidding period, the issue was subscribed 2.72 times in total.
Retail investors subscribed 2.31 times their allotted portion. Qualified institutional buyers recorded bids 3.81 times their quota, while the non-institutional investor category was subscribed 84%. The employee portion of the issue saw a subscription level of 2.07 times.
According to exchange data, bids were received for approximately 24.23 crore shares against 8.90 crore shares available for subscription.
The allotment process for the IPO was completed on January 23. Investors who did not receive share allocations are scheduled to receive refunds on January 27. Those who were allotted shares will have them credited to their demat accounts on the same day.
Trading in Shadowfax shares will commence on January 28 following the listing.
The IPO was launched with a price band of ₹118 to ₹124 per share and aimed to raise a total of ₹1,907.27 crore.
The offering included a fresh issue of equity shares worth ₹1,000 crore, alongside an offer for sale amounting to ₹907.27 crore. Through the offer for sale, several existing shareholders reduced their holdings, including Flipkart Internet, Eight Roads Investments, Qualcomm Asia Pacific, Nokia Growth Partners IV, NewQuest Asia Fund IV, International Finance Corporation, and Mirae Asset-backed funds.
Read more: Crude Oil Prices Ease on Jan 27, Despite US Winter Storm Disruptions.
Shadowfax Technologies’ listing on January 28 concludes its IPO process and introduces the company to public market participation. With moderate subscription levels and institutional interest, attention now shifts to how the stock performs in its initial trading sessions following listing.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 27, 2026, 3:08 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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