Shadowfax Technologies has successfully allocated its ₹850 crore anchor book with strong participation from foreign institutions like Norges Bank and HSBC, alongside domestic investors including ICICI Prudential Life Insurance, Kotak Life Insurance, and mutual funds like Ipru MF and Nippon India MF. All anchor investors subscribed at the upper price band of ₹124 per share, with domestic institutions securing the majority allocation. The IPO, scheduled for January 20-22, comprises ₹1,000 crore fresh issuance and ₹907.20 crore offer-for-sale by existing investors including Flipkart, TPG, and Snapdeal co-founders.
Shadowfax IPO Attracts Norges Bank, HSBC, and Leading Domestic Institutions as Anchor Investors
