With Sebi's clearance in hand, NSE can now formally appoint merchant bankers and legal advisers to prepare its draft red herring prospectus (DRHP). Market estimates suggest the exchange could take around eight to nine months to launch the IPO.
Overall subscription for the Shadowfax Technologies IPO stood at 2.86 times. The retail investor category was subscribed 2.43 times, showing moderate interest from individual investors.
Investors who applied for Shadowfax IPO can check their allotment status online through the Bombay Stock Exchange (BSE) website or the portal of KFin Technologies Limited, which is the official registrar for the issue.
The allotment is expected to be finalised on 23 January 2026. Shares are likely to list on both the BSE and NSE on 28 January 2026, subject to market conditions.
Investors who have not seen their status can check their allotment on the BSE and MUFG Intime India Pvt Ltd websites.
The Bengaluru-based company is now expected to move closer to the market with an IPO that could value it at around $15 billion.
Shadowfax Technologies IPO is a book-built issue worth Rs 1,907.27 crores. The issue includes a fresh issue of 8.06 crore shares amounting to Rs 1,000.00 crores. It also has an offer for sale of 7.32 crore shares worth Rs 907.27 crores.
Shadowfax Technologies is set to enter the primary market tomorrow with its much-watched IPO. The issue comes at a time when online shopping and same-day delivery services are seeing steady growth across India.
BCCL share price: The stock listed at around a 97% gain over the issue price of Rs 23, reflecting the very high demand seen during the IPO phase.
By the end of bidding, the Bharat Coking Coal IPO was subscribed 143.85 times overall, reflecting very strong investor interest.
