Shadowfax Technologies IPO Listing Update: Allotment Status, GMP Trend and Key Dates
The initial public offering (IPO) of Shadowfax Technologies Ltd witnessed decent investor interest, with an overall subscription of 2.72 times during the three-day bidding period. As the IPO allotment was finalised on January 23, investor focus has now shifted to the upcoming listing scheduled for January 28.
The public issue was open for subscription from January 20 to January 22, and the company’s shares are expected to debut on both BSE and NSE.
Shadowfax Technologies IPO GMP Signals Ahead of Listing
Ahead of the listing, market participants are closely tracking the grey market premium (GMP) to assess potential listing-day performance.
As of the latest update, Shadowfax Technologies IPO GMP stands at ₹-4. Based on the upper end of the IPO price band of ₹124, the grey market indicates an estimated listing price of around ₹120, suggesting a potential discount of about 3.23%.
Grey market data from the last 14 trading sessions shows:
- Lowest GMP: ₹-4
- Highest GMP: ₹16
The current GMP trend points towards a cautious market outlook and indicates the possibility of a discount listing. The grey market premium reflects the price investors are willing to pay above or below the IPO issue price in unofficial markets.
Shadowfax Technologies IPO Allotment Status: How to Check
Investors who applied for the IPO can check their allotment status on the registrar’s website, Kfin Technologies Ltd.
Steps to check allotment status:
Visit the Kfin Technologies IPO status page.
Select “Shadowfax Technologies IPO” from the IPO dropdown.
Choose one option: PAN, Demat account number, or application number.
Enter the required details along with the captcha code.
Click Submit to view the allotment status.
Refund and Demat Credit Timeline
Refunds for non-allottees: Expected to begin on January 27
Shares credited to demat accounts: January 27 (for successful allottees)
Listing date: January 28
Shadowfax Technologies IPO Subscription Details
The IPO received bids for 24.23 crore shares against 8.90 crore shares on offer, as per stock exchange data.
Category-wise subscription:
- Overall subscription: 2.72x
- Retail Individual Investors (RII): 2.31x
- Qualified Institutional Buyers (QIBs): 3.81x
- Non-Institutional Investors (NII): 84%
- Employee portion: 2.07x
The issue was subscribed 47% on Day 1 and 60% by Day 2, before closing with moderate demand on the final day.
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