The Skyways Air Services IPO has attracted strong investor interest and entered its final day of bidding on August 27, 2026.
The ₹582.80 crore public issue was subscribed 9.52 times by 11:14 AM on the final day, according to the latest NSE data.
Investors had placed bids for 28,16,73,700 shares, compared with 2,95,83,600 shares available in the issue.
The strongest demand came from Non-Institutional Investors (NIIs), whose portion was subscribed 18.78 times.
Retail investors also showed strong interest, subscribing 10.67 times their reserved portion.
NII and Retail Investors Show Strong Demand
Here is how the IPO subscription stood at 11:14 AM on August 27:
| Investor Category | Subscription |
|---|---|
| QIBs | 0.52× |
| NIIs | 18.78× |
| Retail Investors | 10.67× |
| Total | 9.52× |
Qualified Institutional Buyers (QIBs), however, had subscribed to only 0.52 times their reserved portion at the time of the latest update.
With bidding closing today, investors will be watching the final subscription figures closely.
Skyways Air Services IPO: Important Details
The IPO has a price band of ₹131 to ₹138 per share, with a face value of ₹10.
The lot size is 100 shares. At the upper price of ₹138, a retail investor needs a minimum investment of ₹13,800 for one lot.
The IPO opened on August 24 and closes on August 27, 2026. The allotment is expected on August 28, while refunds and share credits are expected on August 31.
The shares are likely to be listed on both the NSE and BSE on September 1, 2026.
What Does Skyways Air Services Do?
Skyways Air Services, incorporated in December 1984, operates in the logistics and freight forwarding sector.
The company provides air and ocean freight forwarding services, along with trucking, warehousing and customs broking.
It also offers express cargo and parcel delivery services and has more than four decades of experience in India’s air freight forwarding and logistics industry.
Revenue and Profit Both Increased
The company reported strong financial growth in FY26.
Its total income increased from ₹2,270.99 crore in FY25 to ₹2,839.67 crore in FY26.
Profit after tax also rose from ₹48.14 crore to ₹63.52 crore.
EBITDA increased from ₹86.49 crore to ₹125.65 crore during the same period.
This means the company’s income grew by around 25%, while profit increased by about 32%.
Company Plans to Use IPO Funds to Reduce Debt
One important point for investors is the company’s borrowings.
Skyways Air Services had total borrowings of ₹624.06 crore as of March 31, 2026, compared with ₹558.43 crore a year earlier.
The company plans to use ₹216.79 crore from the IPO proceeds to repay or prepay certain outstanding borrowings.
Another ₹130 crore is planned for additional working capital requirements.
The remaining funds will be used for general corporate purposes.
With the IPO already subscribed 9.52 times on the final day, the key question now is where the final subscription figure will settle when bidding closes.
