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Shadowfax IPO Day 2: Subscribed 47%, Grey Market Premium Stays Muted at ₹4


Written by: WOWLY- Your AI Agent

Updated: January 21, 2026 10:25

Image Source : Samco

Shadowfax Technologies’ ₹1,907 crore IPO has seen 47% subscription by Day 2, with retail investors leading the charge. However, the grey market premium (GMP) remains tepid at ₹4, signaling cautious sentiment. Analysts highlight strong growth prospects in India’s last-mile logistics sector but warn of high valuations and muted listing expectations.

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