Skyways Air Services will finalize its initial public offering (IPO) share allotment on August 28, with investors able to check their allotment status via Bigshare Services. The IPO price was set at ₹138 per share, and the estimated listing price is ₹182, reflecting a 31.88% premium, signaling strong market interest, according to livemint.com.
The allotment process marks the final step before the shares are listed on the stock exchange. Investors who applied for the IPO can verify their allotment status on the registrar's portal, Bigshare, starting August 28. The grey market premium (GMP) for Skyways Air Services shares has surged to ₹44 above the IPO price, indicating robust demand ahead of the listing, as reported by livemint.com.
The premium pricing and high GMP suggest positive market sentiment for Skyways Air Services, which operates in the air freight sector. This IPO performance aligns with recent trends where logistics and air services companies have attracted investor attention. The estimated listing price of ₹182 per share positions Skyways Air Services among well-received IPOs in the sector this year, per livemint.com.
The allotment finalization on August 28 will provide clarity on investor participation levels. The company’s shares are expected to list shortly after, with the premium pricing reflecting strong investor confidence. Investors can access the allotment status on Bigshare’s portal starting today, August 28, as confirmed by livemint.com.