Shadowfax lists at 9% discount, still delivers up to 10x gains for early investors

Shadowfax made a muted stock market debut on Wednesday, with its shares listing at a 9% discount to the issue price. Cofounders Abhishek Bansal and Vaibhav Khandelwal, tagged as promoters, hold stakes of 9.28% and 7.22%, respectively, after the public issue. At current prices, their holdings are valued at around Rs 613 crore and Rs 477 crore.