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Skyways Air IPO Sees Massive Demand on Final Bidding Day
27 Aug
Summary
- Skyways Air Services IPO is set for listing on NSE and BSE.
- The Rs 582.80 crore public issue was subscribed 9.52 times by August 27.
- Non-Institutional Investors showed the highest demand, subscribing 18.78 times.
Skyways Air Services' initial public offering concluded its bidding period on August 27, 2026, marking the final day for investors to participate. The substantial Rs 582.80 crore public issue garnered significant investor attention throughout its offering.
By late morning on the fourth day of bidding, the IPO had achieved an impressive subscription rate of 9.52 times its offered shares. Investors collectively placed bids for 28,16,73,700 shares against the 2,95,83,600 shares made available.
Analysis of the subscription data revealed a pronounced interest from Non-Institutional Investors, whose allocated portion was subscribed a remarkable 18.78 times. Retail Individual Investors also demonstrated strong participation, with their segment being subscribed 10.67 times. Meanwhile, Qualified Institutional Buyers had subscribed 0.52 times their reserved portion by that time.
The company has announced its intention for Skyways Air Services shares to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), indicating a broad market debut.
