📈 Shadowfax Technologies Initial Public Offering (IPO) Market Brief **Subscription Status: Day 1** Shadowfax Technologies' Initial Public Offering (IPO) achieved a **15% subscription rate on Day 1**, primarily fueled by robust participation from the **Retail Individual Investor (RII)** segment. **Grey Market Dynamics and Listing Outlook** The Grey Market Premium (GMP) currently indicates an anticipated **6% listing gain**. However, overall market sentiment surrounding the offering has recently exhibited a cooling trend. **Valuation and Analyst Recommendation** The IPO's current premium valuation levels have prompted market analysts to issue a **neutral recommendation** on the security.