The wait for investors of Shadowfax Technologies Limited is finally over. The logistics startup is scheduled to finalize its IPO allotment today, January 23, following a decent response from the market during the bidding period. The company aimed to raise ₹1907. 27 crore through this public offering, and the focus now shifts to the allocation process.
Subscription Highlights
The public issue was subscribed 2. 86 times in total. The Qualified Institutional Buyers (QIB) portion led the demand with 4 times subscription, while the retail category saw 2. 43 times bidding. The employee quota was subscribed 2. 17 times, whereas the Non-Institutional Investors (NII) portion remained slightly undersubscribed at 0. 88 times, while this mixed response indicates a cautious yet optimistic sentiment among different investor classes.
How to Check Status on Kfin Technologies
Kfin Technologies is the official registrar for this IPO. To check your allotment, follow these steps: Visit the official link at https://ipostatus.kfintech.com/
Select 'Shadowfax Technologies' from the list of recent IPOs. You can search using your PAN, Application Number, or Demat Account ID. Enter the required details and the captcha code, then click on 'Submit' to view your allotment status.
Steps to Check on BSE Website
Investors can also verify their status on the BSE website for a quick update. Go to
https://www.bseindia.com/investors/appli_check.aspx Select 'Equity' as the issue type and choose Shadowfax Technologies from the dropdown menu. Enter your PAN or Application Number, complete the Captcha verification, and click 'Search', while the system will display whether you've been allotted any shares.
What’s Next for Shadowfax?
After the allotment process is completed today, the refund process for unsuccessful bidders will commence shortly. For those who are successfully allotted shares, the equity will be credited to their demat accounts within the next few business days. Shadowfax, being a key player in the logistics and last-mile delivery space, is expected to use the proceeds for debt repayment and business expansion. All eyes are now on the listing day performance.
