The initial public offering of air freight forwarding and logistics player Skyways Air Services has been subscribed 17.36 times so far on Thursday, August 27, the last day of bidding.
It received bids for 51,34,72,200 shares compared to 2,95,83,600 shares on offer, according to the NSE data until 1:23 pm.
The category for retail individual investors (RIIs) was subscribed 16.60 times and that of non-institutional investors (NIIs) received 40.80 times subscription. The quota meant for qualified institutional buyers (QIBs) was subscribed 1.03 times.
The ₹582.80 crore initial public offering comprises a fresh issue of shares valued at ₹398.80 crore and an offer-for-sale of ₹184 crore by promoters and existing shareholders.
Proceeds from the fresh issue will be utilised for debt clearance, funding incremental working capital needs and general corporate purposes.
Incorporated in 1984, Skyways Air Services Ltd operates in air and ocean freight forwarding, warehousing, trucking, customs broking, and express cargo and parcel delivery.
Skyways Air Services IPO: Allotment and listing date
Skyways Air Services IPO allotment status is expected to be finalised on Friday, August 28. The listing on the NSE and the BSE will take place on Tuesday, September 1.
Hy-Tech Engineers IPO Day 4:Check subscription status, allotment date and steps
How to check Skyways Air Services IPO allotment status on NSE
- Head to NSE's IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO bid details'
- Choose 'Skyways Air Services' under the symbol 'SKYWAYS'
- Mention your application number and PAN details
- Click on the submit button
Steps to check Skyways Air Services IPO allotment status on Bigshare Services
- Open this page: www.bigshareonline.com/ipo_Allotment.html
- Pick any server from the three available
- Click on 'Skyways Air Services' from the public issues
- Mention your PAN, beneficiary ID or application number
- Complete the 'captcha' verification
- Press the 'Search' button
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.