Shadowfax shares list 9% below IPO on market debut
We saw one of the most talked‑about IPO debuts in India this week. Shadowfax shares began trading on the stock market on January 28, 2026, and the opening price was notably weaker than expected. On its first day, the stock listed about 9 % below its issue price, a sobering start for investors who were hoping for an upswing after subscription buzz. This performance spotlights a deeper trend: even well‑known tech‑enabled logistics firms are facing cautious investor demand amid shifting market sentiment.
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