Shares of Shadowfax Technologies made a subdued start to life on the Indian stock market on 28 January 2026, listing at a significant discount compared with the issue price set during its IPO. The Bengaluru-based logistics company’s share debut fell short of expectations, reflecting muted investor sentiment on the listing day.On the National Stock Exchange (NSE), Shadowfax shares opened at roughly INR 112-112.60, about 9% lower than the IPO price of INR 124 per share. On the Bombay Stock Exchange (BSE), the shares also made a weak start, listing at approximately INR 113, a similar discount to the issue price.This result signals a weak market debut for one of the more highly anticipated IPOs on Dalal Street this year, disappointing some investors who had hoped for a stronger listing gain.IPO Details and Subscription DataThe Shadowfax Technologies IPO was open for subscription between 20 and 22 January 2026. It was priced in a band of INR 118-124 per share and raised approximately INR 1,907 crore through a mix of fresh issue and an offer-for-sale (OFS).The IPO comprised a fresh issue of around INR 1,000 crore and an OFS of more than INR 900 crore, where existing investors, including Flipkart India, Eight… Read MoreStartupTalky- Business News, Insights and Stories
