Shadowfax Technologies Ltd. makes a weak debut on the bourses with scrip got listed at Rs 113.00 on the Bombay Stock Exchange, a 8.87 per cent discount to its issue price of Rs 124.00. On the National Stock Exchange, the stock was listed at Rs 112.60.

The company, which raised 15.38 Cr from initial public offering, was subscribed 2.04 times, receiving bids for 3,137.77 lakhs shares against the total issue size of 1,538.12 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jan 20 to Jan 22.

Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,JM Financial Limited,Morgan Stanley India Company Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 81,857.48, up 319.78 points, or 0.39 per cent.