New Delhi, Jan. 22 -- Shadowfax Technologies IPO subscription Day 3: The public offering of logistics services company Shadowfax Technologies Ltd saw a 60% subscription by the second day of bidding on Wednesday, January 22.

Based in Bengaluru, Shadowfax Technologies, a provider of logistics solutions, began its public subscription on January 20 and is set to close on January 22, with Shadowfax IPO price band set at Rs.118-124 each. On January 19, the day before the Shadowfax Technologies IPO opened for public subscriptions, Shadowfax IPO raised Rs.856.02 crore from 39 anchor investors.

Shadowfax Technologies IPO allotment is set to be finalized on Friday, January 23. The company plans to begin processing refunds on Tuesday, January 27, ...