Shadowfax IPO Subscription Status – IPO Open

Shadowfax IPO subscription status started on Tuesday January 20, 2026 and will close on January 22, 2026. Shadowfax IPO to raise around ₹1,907 crores via IPO. The retail quota is 10%, QIB is 75%, and NII is 15%. The price band is fixed at ₹118 to ₹124 per equity share.

Table of Contents

The Shadowfax IPO minimum market lot is 120 shares with ₹14,880 application amount. The Shadowfax IPO is a Mainboard IPO, and it is to be listed on BSE, NSE.

Business Overview

Shadowfax is one of the top companies in the case of Shadowfax is a modern, tech-driven logistics company that uses digital tools to support e-commerce. Furthermore, their platform manages many types of deliveries, urgent and flexible for clients like Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Zomato, and others.

They are the fastest-growing large 3PL company in India as of March 31, 2025. Their share of the e-commerce shipment market increased from about 8% in FY 2022 to around 21% in the three months ended June 30, 2025. In express services, they are the market leader in reverse pickup shipments by order volume for FY 2025 and for the three months ended June 30, 2025.


IPOWatch View

We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.

Shadowfax IPO Subscription Status – Day 1

CategoryDay 1Day 2Day 3
QIB0.310.000.00
NII0.050.000.00
bNII0.020.000.00
sNII0.110.000.00
RII0.260.000.00
EMP0.130.000.00
Total0.230.000.00


Shadowfax IPO Investor Categories

  • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
  • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
  • Retail Individual Investors (RII): Retail Individual Investors or NRIs
  • Employee (EMP): Eligible Employees
  • Others: Eligible Shareholders

Shadowfax IPO Review and Rating

  • May Apply For Long-term View

Shadowfax IPO Form

How to apply for the Shadowfax IPO? You can apply for Shadowfax IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shadowfax IPO in the Invest section. The other option is you can apply for Shadowfax IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Shadowfax IPO Subscription Status FAQs:


When Shadowfax IPO Subscription will start?

The IPO subscription starts on January 20, 2026 for QIB, NII, and Retail Investors.

How to subscribe Shadowfax IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live Shadowfax IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

How to Apply the Shadowfax IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Asston Pharmaceuticals “. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Shadowfax IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Asston Pharmaceuticals “. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Shadowfax IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Asston Pharmaceuticals ” Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.

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