Updated | January 22, 19:18 PM Shadowfax IPO closed with an oversubscription of 2.72X, receiving total bids for 24.23 Cr shares against 8.9 Cr shares on offer. The issue received highest interest from qualified institutional buyers (QIBs), with these investors oversubscribing their portion by 3.81X. QIBs placed bids for 18.4 Cr shares against 4.83 Cr. In this category, foreign institutional investors led the charge, bidding for 10.98 Cr shares. Retail investors (RIIs) placed bids for 3.71 Cr shares against 1.61 Cr reserved for them, translating to an oversubscription of 2.31X. The company’s employees also bid for 8.76 Lakh shares, oversubscribing their quota by 2.07X. Meanwhile, interest from non institutional investors (NIIs) lagged, with these investors only subscribing to 84% of their quota. NIIs placed bids for 2.03 Cr shares against 2.41 Cr shares reserved for them. Original | January 22, 13:23 PM Logistics major Shadowfax’s IPO was subscribed 67% as of 12:25 IST on the third day of bidding. The public issue received bids for 5.98 Cr shares against 8.9 Cr shares on offer. Retail investors continued to lead in terms of subscription, placing bids for 3.06 Cr shares against 1.61 Cr reserved for them. This translated to an oversubscription… Read MoreInc42 Media
