Shadowfax Technologies IPO likely today. Here’s how to check the status of Kfin Technologies

Investors who have registered for the Shadowfax Technologies IPO will soon be able to find out if they have received shares as the allotment for the Rs 1,907 crore issue is expected to be finalized later today. Ahead of the listing, gray market signals remain muted, with the IPO carrying a GMP of 0%, pointing to expectations of a flat debut.The IPO, which closed for subscription on January 22, was subscribed a total of 2.86 times, with healthy interest from institutional investors but relatively muted participation from non-institutional investors. The shares will be listed on the BSE and NSE on January 28.

Once the allocation has been completed, investors can check their status through a few simple routes. The easiest way is via the registrar’s website.Visit Kfin Technologies’ Allocation Portal (https://ipostatus.kfintech.com/).

Select Shadowfax Technologies IPO from the drop-down list.

Enter PAN, Application Number or DP ID.

Submit the request to view the assignment status. Check the BSE India website (https://www.bseindia.com/investors/appli_check.aspx)

Select Stocks under Issue Type and choose Shadowfax Technologies from the drop-down list.

Enter your application number and PAN.

Click Search to check if you have been allocated shares.

Investors can also check the status via their bank account. Those who applied through the ASBA process should look for any debits or release of funds in their bank accounts. If shares are awarded, the corresponding amount will be debited. If not, the blocked amount will be released after the allocation process is completed.

After allotment, refunds for unsuccessful applicants are expected to be processed on January 27, and shares will be credited to the demat accounts of the successful applicants on the same day. Trading in the stock begins on January 28.

Despite the large issuance size and Shadowfax’s strong presence in India’s logistics and last-mile delivery space, the absence of a gray market premium indicates cautious sentiment on stock market gains. A GMP of 0% generally indicates that the market expects the stock to trade close to the issue price, with no sharp upward or downward moves on debut.

For investors, the focus now shifts from the allocation results to the performance on the trading day and, in addition, to how the company is performing in terms of growth, profitability and competitiveness in the rapidly evolving logistics and e-commerce ecosystem.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)