Shadowfax Technologies IPO Allotment: Company's Public Issue Booked 2.72 Times - Check Steps To View Status On NSE, BSE

Shadowfax IPO Allotment Today: The subscription window for Shadowfax Technology’s initial public offering (IPO) closed on January 22. The IPO of the logistics solutions provider garnered decent demand on the final day of the bidding window with investors subscribing the issue nearly three times across categories. Shadowfax Technologies IPO’s share allotment will be finalised on January 23.

Shadowfax IPO Allotment Status

Investors who have applied for the Shadowfax IPO in the primary market can check the allotment status of their application on the BSE and NSE websites. The share allotment status of Shadowfax IPO can also be checked on KfinTechnologies’ website, which is the registrar for the issue:

How To View Shadowfax IPO Allotment On NSE

Go to the NSE website via this link to check the IPO allotment

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

 Go to ‘Equity IPO bid details’

Choose ' Shadowfax Technologies Limited’ from the list of IPOs

Put in the IPO application number

Click on the 'submit' button

This will show your application status for the Shadowfax IPO

How To Check Shadowfax IPO Allotment Status On BSE Website

Go to the BSE’s viewing webpage for checking Shadowfax IPO application status

https://bseindia.com/investors/appli_check.aspx.

On the page, there will be different types of issues

Out of the options, select ‘Equity’ appearing on the screen

Choose ‘Shadowfax’ from the IPO list

Put in details such as the IPO application number or PAN

Go to the ‘Search’ option

Now you can see the shares allotment on your screen

How to View Shadowfax IPO Share Allocation Status On  Kfin Technologies

Get to the official page for IPO allotment status on the Kfin Technologies website:

https://ipostatus.kfintech.com/

Select ‘Shadowfax Technologies’ from the ‘Select IPO’ dropdown menu

Choose one of the identification options out of these three: PAN, Demant Account (DP ID/Client ID), or Application Number

Put in the details depending on which identification method you chose in the earlier steps

A CAPTCHA code will be generated. Enter the code to complete security verification and ‘Submit’

You can now view the final allotment status of your application on the screen

Shadowfax IPO GMP

As per multiple websites which track the activity of unlisted shares, the latest grey market premium (GMP) for Shadowfax Technologies’ shares is at Re 0 as of January 23. The zero GMP indicates a neutral market sentiment and implies that there may not be any gain or loss after the listing of the company ahead of the debut. The upper end of the price band for the issue was Rs. 124, and the estimated listing price based on the GMP is Rs. 124 as well.

Shadowfax IPO Subscription Status

The Shadowfax Technologies IPO was subscribed 2.72 times overall on January 22. Investors applied for over 242.39 million shares across categories, against 89.09 million shares offered by the company.

In the retail category, investors booked the issue 2.31 times. Retail investors bid for 37.16 million shares against 16.12 million shares reserved for them on the final day of the subscription window.

Meanwhile, qualified institutional buyers (QIBs) subscribed the IPO the most. QIBs booked the issue 3.81 times, by applying for 184.03 million shares against 48.36 million shares reserved for them. Out of them, foreign institutional investors (FIIs) were the most to book the issue, subscribing their quota around 109.79 million shares.

Non-institutional investors subscribed to the issue 84 per cent, bidding for 20.31 million shares against 24.18 million shares reserved for them. For employees, the company reserved 4,23,728 shares, the issue was subscribed over two times in the employees category. Employees placed bids for 8.76 lakh shares on the final day of bidding.

Shadowfax IPO Details

Shadowfax Technologies plans to raise Rs. 1,907.27 crore through the IPO. The issue comprises a fresh issuance of 80.64 million shares worth Rs. 1,000 crore and an offer for sale (OFS) of 73.17 crore shares worth Rs 907.27 crore.

The IPO of Shadowfax was fixed at a price band of Rs. 118-124 per share. The minimum lot size for retail investors applying for the issue was fixed in lots of 120 shares. This aggregates to Rs. 14,880 minimum investment at the upper end of the price band.

Shadowfax IPO Listing Date

After the share allotment of the Shadowfax Technologies IPO is finalised on January 23, refunds for the unsuccessful bidders will be initiated on January 27. Along with this, successful allottees of the bids will receive their shares of the company in their demat accounts. Shares of Shadowfax Technologies are likely to be listed on both the BSE and NSE on January 28.