Shadowfax Tech IPO 47% Subscribed on Day 1

Shadowfax Technologies, a big logistics company, started selling shares to the public.

On the first day, almost half of the shares were bought.

The company wants to raise money to improve its services and buy new things.

Big investors like Flipkart and Nokia are part of Shadowfax.

The IPO will be open for three days, and the shares cost between ₹118 and ₹124 each.

The company helps many online businesses deliver packages and other services.

Some experts say it's a good idea to buy these shares because the company is growing and has a lot of potential.

However, others think the price is a bit high compared to similar companies.