Shadowfax IPO Subscribed 47% on Day 1, Retail Portion Fully Booked

• Shadowfax Technologies' IPO opened on January 20, subscribed 47% on Day 1, with retail investors fully booking their portion (111%).
• Non-Institutional Investors (NII) subscribed 22%, and Qualified Institutional Buyers (QIB) subscribed 38% of their reserved portions.
• The Bengaluru-based logistics provider aims to raise Rs 1,907.2 crore through a fresh issue and an Offer For Sale (OFS) with a price band of Rs 118-124 per share.
• Proceeds will fund network infrastructure, lease payments for new centers, branding, marketing, and potential inorganic acquisitions.
• Analysts highlight Shadowfax's strong position in India's growing e-commerce and quick-commerce logistics, recommending it for long-term investors despite high valuations.

Why It Matters: Shadowfax IPO sees strong retail interest on Day 1, offering long-term potential in India's logistics sector.