Update | January 28, 16: 33 IST Shares of Shadowfax ended their first trading session 11.37% below issue price at INR 109.9 on the BSE. This also marked a 2.74% dip from the listing price of INR 113. On the NSE, the company’s shares fell 11.95% from issue price and 3.04% from the listing price to end the day at INR 109.18. The company’s market cap at the end of the day stood at INR 6,353.68 Cr (about $622.1 Mn). Original | January 28, 10:10 IST Logistics major Shadowfax Technologies made a muted debut on the bourses today, with the company’s shares listing at INR 112.60 apiece on the NSE. This was a discount of 9.19% to the issue price of INR 124. The stock got listed at INR 113 on the BSE, down 8.87% below the issue price. The company had set a price band of INR 118-124 per share for the public issue, valuing it at INR 7,169 Cr (about $781.6 Mn) at the upper end of the price band. Shadowfax’s IPO comprised a fresh issue of INR 1,000 Cr and an offer-for-sale (OFS) component of up to 7.32 Cr shares aggregating to over INR 900 Cr. The… Read MoreInc42 Media
