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.