Shadowfax IPO Subscribed ~4% on Day 1; Analysts Highlight Long-Term Potential

Subscription Status
Shadowfax IPO, open Jan 20-22 with price band ₹118-124, saw ~4% overall subscription on Day 1 so far. Retail investors showed healthy interest. 

IPO Details
The ₹1,907.2 cr IPO comprises a fresh issue and an offer-for-sale, aimed at funding network expansion and corporate needs. 

Grey Market Indicator
GMP has moderated compared with earlier levels, suggesting more measured listing expectations. 

Anchor Funding Boost 
Shadowfax secured about ₹856 cr from anchor investors, including ICICI Prudential AMC, ahead of the IPO launch. 

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