Shadowfax IPO Day 2: ₹1,900 Crore Issue Subscribed 57%, Retail Leads

• Shadowfax Technologies Ltd.'s ₹1,907 crore IPO is 57% subscribed on day two of bidding.
• Retail investors have led the subscription, oversubscribing their portion by 1.54 times.
• Eligible employees have also oversubscribed their reserved portion by 1.37 times.
• Institutional and non-institutional investor portions remain undersubscribed at 38% and 30% respectively.
• Shares are trading at a ₹4 premium in the unlisted market, indicating a 3.2% premium over the issue price of ₹118-₹120.

Why It Matters: Shadowfax's ₹1,907 crore IPO is 57% subscribed on Day 2, driven by strong retail investor interest.