Shares of last-mile logistics startup Shadowfax made a weak debut on the Indian stock exchanges on Tuesday, listing at a discount of around 9% to the issue price. The subdued market entry came despite healthy interest from certain institutional investors during the book-building process, highlighting the cautious mood prevailing in the primary markets.
Shadowfax shares opened at ₹___ on the NSE, compared to the IPO issue price of ₹___. On the BSE, the stock listed at a similar level, reflecting uniform sentiment across trading platforms. Within minutes of listing, the stock saw modest volatility, with early selling pressure indicating profit booking as well as concerns around valuation and
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