India, Jan. 20 -- Update | January 20, 18:06 IST

Shadowfax's IPO ended the first day of bidding with a 47% subscription, with investors placing bids for 4.19 Cr shares against 8.91 Cr shares on offer.

Retail investors led the charge, oversubscribing their quota 1.11X. These investors have already placed bids for 1.79 Cr shares against 1.61 Cr shares reserved for them.

Qualified institutional buyers (QIBs) have shown a more decent interest in the issue on day one, placing bids for 1.82 Cr shares against 4.84 Cr reserved for them. This translated to a 38% subscription of their quota.

The portion reserved for non-institutional investors (NIIs) has seen a 22% subscription till now, with these investors placing bids for 52.80 Lakh shares a...