Shadowfax Technologies launched its ₹1,907 crore IPO on January 20, priced between ₹118–₹124 per share. The issue combines new shares and an offer for sale by existing investors and will remain open until January 22.
Early data shows moderate overall subscription, with retail investors showing the strongest interest. The grey market indicates potential listing gains of 5–6%, though analysts warn valuations are on the higher side compared to industry peers.
Investors are advised to consider the company’s growth prospects before applying.