New Delhi, Jan. 20 -- The initial public offering (IPO) of Shadowfax Technologies, which opened for subscription today, January 20, received a healthy response from investors. By the end of the day, the issue was subscribed 0.50 times, with 4.23 crore shares bid for against the 8.47 crore shares on offer.

The retail and employee segments showed strong interest in the issue, with their portions fully booked by the end of the first day. The NII and QIB segments were subscribed 0.23 and 0.40 times, respectively, according to exchange data.

The Rs.1,907 crore issue is a combination of a fresh issue of 8.06 crore shares aggregating to Rs.1,000 crore and an offer-for-sale of 7.32 crore shares aggregating to Rs.907 crore.

The price band has b...