Update | January 20, 18:06 IST Shadowfax’s IPO ended the first day of bidding with a 47% subscription, with investors placing bids for 4.19 Cr shares against 8.91 Cr shares on offer. Retail investors led the charge, oversubscribing their quota 1.11X. These investors have already placed bids for 1.79 Cr shares against 1.61 Cr shares reserved for them. Qualified institutional buyers (QIBs) have shown a more decent interest in the issue on day one, placing bids for 1.82 Cr shares against 4.84 Cr reserved for them. This translated to a 38% subscription of their quota. The portion reserved for non-institutional investors (NIIs) has seen a 22% subscription till now, with these investors placing bids for 52.80 Lakh shares against the 2.42 Cr shares on offer for them. Meanwhile, Shadowfax’s employees have placed bids for about 4 Lakh shares against the 4.24 Lakh shares reserved for them. These investors have subscribed their quota by 94% as of now. Original | January 20, 14:13 IST Logistics new-age tech company Shadowfax’s initial public offering (IPO) opened to robust demand on Tuesday, with the issue getting subscribed 38.77% till 14:00 IST on its opening day of bidding. As of now, it has received bids… Read MoreInc42 Media
