The IPO allotment process refers to how a company allocates its shares to investors once the subscription period concludes. This process is overseen by the registrar, which reviews valid bids that satisfy the eligibility criteria and the cut-off price. In cases where the IPO is undersubscribed, all applicants receive the shares they requested. Conversely, if…
Shadowfax Technologies IPO Listing: The initial public offering (IPO) of Shadowfax Technologies Ltd witnessed decent demand during its subscription period. As the Shadowfax Technologies IPO allotment status is finalized on Friday, January 23, investors now shift focus towards the share listing this week. The bidding for the public issue was open from January 20 to…
Shayona Engineering IPO: The initial public offering (IPO) of Shayona Engineering kicked off for bidding on Thursday, January 22. The offer is available for public subscription till January 27. The company, engaged in providing customized solutions for precision castings in special grades, is looking to raise ₹14.86 crore via the book-building process. Shayona Engineering IPO…
