Shadowfax Technologies Announces IPO Details with ₹118-124 Price Band
Shadowfax Technologies has officially set the price band for its upcoming initial public offering. The company fixed the range at ₹118 to ₹124 per equity share. Each share carries a face value of ₹10.
Subscription Schedule and Key Dates
The IPO subscription window opens on Tuesday, January 20. Investors can apply until Thursday, January 22. Before the public issue, anchor investors will receive their allocation on Monday, January 19.
Investors must note the lot size for this offering. A single lot consists of 120 equity shares. All applications must be made in multiples of 120 shares thereafter.
Share Allocation Structure
The company has reserved shares in the public issue for different investor categories. Qualified institutional buyers get the largest portion at 75%. Non-institutional investors receive 15% of the offer. Retail investors have access to the remaining 10%.
Post-Subscription Timeline
The basis of allotment will be finalized on Friday, January 23. The company plans to initiate refunds on Tuesday, January 27. Successful allottees will see shares credited to their demat accounts on the same day as the refunds.
Shadowfax Technologies shares are expected to list on both BSE and NSE. The tentative listing date is Wednesday, January 28. Market participants eagerly await this new offering in the technology sector.
