Skyways Air Services’ initial public offering (IPO) was subscribed 71.25 times during its four-day bidding period ending August 27, 2026, raising ₹582.50 crore at a price of ₹137 per share. The company is set to debut on the stock exchange on September 1, with shares trading at a grey market premium of ₹37, implying an expected listing price of ₹175 per share, according to livemint.com.
The IPO opened on August 24 and closed on August 27, attracting strong investor demand across categories. Following the finalisation of allotment, the grey market premium (GMP) surged to ₹37, signaling positive market sentiment. The subscription data showed robust participation, with the issue oversubscribed by more than 71 times, reflecting investor confidence in the company’s business prospects, livemint.com reported.
This IPO subscription level places Skyways Air Services among the most heavily subscribed public offerings in the aviation services sector this year. The ₹582.50 crore fundraise will support the company’s expansion plans amid a recovering aviation market. The grey market premium indicates strong aftermarket demand, which often correlates with a positive listing performance. Comparable IPOs in the sector have seen similar oversubscription rates and premium listings, underscoring investor interest in aviation-related stocks, per livemint.com.
Skyways Air Services is scheduled to list on September 1, 2026, when investors will see whether the grey market premium translates into actual listing gains. The company’s IPO allotment details were finalised and published ahead of the listing, confirming the strong subscription figures and market enthusiasm, according to livemint.com.