Logistics service provider Shadowfax Technologies Limited’s initial public offering (IPO) witnessed steady participation on its final day, with the total issue being oversubscribed 2.72x as of 5:30 pm on Thursday, January 22, the last day of bidding.Qualified Institutional Buyers (QIBs) led the demand, with the portion oversubscribed 3.81 times. Retail Individual Investors (RIIs) also showed healthy interest, with subscriptions standing at 2.31 times. The portion reserved for employees was oversubscribed 2.07 times.However, the Non-Institutional Investors (NII) segment saw a total subscription of 0.84 times. Within the NII category, bids reserved for amounts between Rs 2 lakh and Rs 10 lakh were subscribed 1.26x, while the portion for bid amounts exceeding Rs 10 lakh stood at 0.63x.The data shows that against the total 8.9 crore shares offered, bids were received for 24.2 crore shares.In comparison, Shadowfax’s 2.72x subscription reflects a more moderate demand compared to recent heavyweights. Ecommerce major Meesho saw its IPO oversubscribed a staggering 79.2 times on its final day, while Lenskart’s issue was booked 28 times. Shadowfax’s performance is more comparable to fintech firm Pine Labs, which saw its IPO subscribed 2.46 times on the third day, though it fared better than PhysicsWallah, which was subscribed 1.8 times.… Read MoreYourStory RSS Feed
