SHADOWFAX

** Shares of logistics company Shadowfax Technologies SADO.NS up 3.8% at 123.46 rupees

** Stock listed at 112.60 rupees on NSE on Jan 28 vs issue price of 124 rupees

** Logistics solutions provider's Dec-quarter consolidated profit jumps more than five-fold year on year to 348.6 million rupees ($3.85 million)

** Rev rises ~66% y/y

** More than 5 million shares traded so far

($1 = 90.6080 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** Shares of logistics company Shadowfax Technologies SADO.NS down nearly 5.5% at 103.97 rupees

** Stock down 16% from IPO issue price of 124 rupees

** Listed on Wednesday at 112.60 rupees

** More than 5.5 mln shares traded so far

** "High customer concentration, particularly its dependence on Meesho MEES.NS and Walmart-owned WMT.O Flipkart, creates elevated revenue risk as marketplaces increasingly insource logistics," says Motilal Oswal

** Non-institutional investors subscribed 84% of their portion in SADO IPO; overall issue subscribed 2.72x

** IPO raised 19.07 billion rupees, including fresh issue of shares worth 10 billion rupees to fund network infrastructure capex, lease payments, marketing, etc, as per prospectus

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

** Shares of Shadowfax Technologies SADO.NS shed 9.2% in their trading debut

** Stock listed at 112.60 rupees on NSE vs issue price of 124 rupees

** Logistics solutions provider's IPO consists of fresh issue of shares worth up to 10 billion rupees with existing shareholders selling 10 billion shares - prospectus

** IPO was fully subscribed last week with demand led by institutional buyers

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))