Shadowfax Tech debuts with over 11% discount

Shadowfax Technologies Ltd, a logistics services provider, started selling its shares on the stock market on Wednesday.

The shares were priced lower than expected, starting at Rs 113 on the BSE and Rs 112.60 on the NSE, which is about 9% less than the initial price of Rs 124.

By the end of the day, the shares were even lower, closing at around Rs 109.90 on the BSE and Rs 109.98 on the NSE, which is about 11% less than the initial price.

The company's total value in the market is now Rs 6,353.68 crore.

The company had recently sold new shares to the public for the first time, which was very popular and got 2.72 times more interest than available shares.

The shares were sold at a price between Rs 118 and Rs 124 each.

The company raised Rs 1,000 crore from new shares and existing shareholders sold shares worth Rs 907.27 crore.