Markets

Shadowfax Technologies IPO Day 2 LIVE: Issue booked 54% so far — GMP remains tepid. Should you bid?

January 21, 2026

Shadowfax Technologies has launched its initial public offering (IPO), which is currently in its second day of bidding and has been subscribed 54% so far. The IPO aims to raise ₹1,907 crore, with a price band set between ₹118 and ₹124 per share, and includes both fresh equity and an offer for sale from existing shareholders.

Shadowfax Technologies IPO Day 2 LIVE: Issue booked 54% so far — GMP remains tepid. Should you bid?

Credit: Livemint

Key Highlights

IPO is available for subscription until January 22, 2026.
The public issue includes ₹1,000 crore from fresh equity and ₹907 crore from an offer for sale.
At the upper end of the price band, the company's valuation exceeds ₹7,100 crore.
The IPO has been subscribed 54% as of the second day.
Shadowfax shares are trading at a grey market premium of ₹6.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Shadowfax Technologies IPO Day 2 LIVE: Issue booked 54% so far — GMP remains tepid. Should you bid?

Key Highlights

Sources

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