Shadowfax Technologies IPO allotment status declared; what GMP signals as focus shifts on listing date | Stock Market News

Shadowfax Technologies ipo listing: The initial public offering (IPO) of Shadowfax Technologies Ltd witnessed decent demand during its subscription period. As the Shadowfax Technologies IPO allotment status is finalised on Friday, January 23, investors now shift focus towards the share listing this week. The bidding for the public issue was open from January 20 to January 22.

Shadowfax Technologies IPO allotment date was January 23, and Shadowfax Technologies IPO listing date is likely January 28. Shadowfax Technologies shares will be listed on both the stock exchanges, BSE and NSE.

Ahead of Shadowfax Technologies IPO listing, investors watch out for the trends in grey market premium (GMP) to gauge the estimated listing price. Here’s what Shadowfax Technologies ipo gmp today signals ahead of the listing.

Shadowfax Technologies IPO GMP today

Shadowfax IPO GMP today or grey market premium is ₹-4. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Shadowfax Technologies share price was indicated at ₹120 apiece, which is 3.23% lower than the IPO price of ₹124.

According to the grey market activities observed in the last 14 sessions, the current IPO GMP indicates a trend towards a discount and suggests a potential discount listing. The minimum GMP recorded is ₹-4.00, whereas the maximum GMP is ₹16.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Shadowfax Technologies IPO allotment

Investors who applied for the Shadowfax Technologies IPO can check the Shadowfax Technologies IPO allotment status in the registrar’s portal, which is Kfin Technologies Ltd.

For individuals who were not allocated shares, the refund procedure will begin on Tuesday, January 27. Individuals who were allocated shares will get them in their demat accounts the same day.

How to check Shadowfax Technologies IPO allotment status on the registrar’s portal?

Step 1:

Visit the Kfin Technologies Ltd website: https://ipostatus.kfintech.com/

Upon clicking the provided link, you’ll find the option to verify the status through one of five different links.

Step 2:

After selecting one of the five URLs, pick “Shadowfax Technologies IPO” from the dropdown menu labeled “Select IPO.”

Step 3:

To view the status, enter your PAN, Demat account number, or application number.

Step 4:

– If you opt for the application number, start by entering your application number followed by the captcha code. Then, click “Submit.”

– If you choose the Demat Account option, input your account information along with the captcha code. Hit “Submit.”

– For the third choice, which is PAN, type in your PAN number along with the captcha code. Then, click “Submit.”

Shadowfax Technologies IPO subscription status

Shadowfax IPO subscription status is 2.72x on day 3. The retail portion was subscribed 2.31 times, and NII portion has been booked 84%, Qualified Institutional Buyers (QIBs) portion received 3.81x bids. The employee portion has been reserved 2.07 times bids.

The company has received bids for 24,23,88,360 shares against 8,90,88,807 shares on offer, according to data on BSE.

Shadowfax IPO subscription status was 47% on day 1, and the issue was booked 60% on day 2.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.