India, Jan. 28 -- 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 public issue was oversubscribed 2.7X.

While Flipkart Internet sold shares worth INR 400 Cr via the OFS, Eight Roads Investment...