Skyways Air Services IPO Day 2 LIVE: GMP, subscription status, price, review, other details. Apply or not?

Skyways Air Services IPO Day 1: Bidding for the initial public offering (IPO) of Skyways Air Services Ltd opened on 24 August 2026. The public issue will remain open for bidding until 26 August 2026. The company has declared the Skyways Air Services IPO price band at ₹131 to ₹138 per equity share. Skyways Air Services IPO subscription will remain open from 10:00 AM to 5:00 PM on all trade dates during the Skyways Air Services IPO date. Skyways Air Services' IPO size is ₹583 crore, which is a mix of fresh issue and Offer for Sale (OFS). The mainboard IPO was fully subscribed on during the bidding on day 1. According to Skyways Air Services IPO subscription status, the public issue was booked 1.16 times of its size. Meanwhile, Skyways Air Services IPO GMP (Grey Market Premium) is signalling a bumper listing gain of around 33%.

Skyways Air Services IPO GMP today

According to market observers, the company shares are available at a premium of ₹32 in the grey market today. This means Skyways Air Services IPO GMP today is ₹32, signalling a 23% listing pop against the upper price band of the public issue.

Skyways Air Services IPO subscription status

By 12:57 PM on day 2, the public issue was booked 1.84 times, the retail portion was filled 2.70 times, whereas the NII segment was subscribed to 1.64 times. The QIB portion was subscribed to 0.46 times.

Skyways Air Services IPO details

Here we list out important Skyways Air Services IPO details in 10 points:

1] Skyways Air Services IPO GMP today: According to market observers, shares of the company are available at a premium of ₹45 in the grey market today.

2] Skyways Air Services IPO date: The public issue has opened today and will remain open until 26 August 2026.

3] Skyways Air Services IPO price: The company management has offered Skyways Air Services shares at a price band of ₹131 to ₹138 per equity share.

4] Skyways Air Services IPO size: The company aims to raise ₹583 crore, out of which ₹399 crore is aimed through the issuance of fresh shares only. The remaining ₹184 crore is reserved for the OFS route.

5] Skyways Air Services IPO lot size: A bidder will be able to apply for the public issue in lots, and one lot of the public offer comprises 100 company shares.

6] Skyways Air Services IPO allotment date: The tentative date for the finalisation of share allotment is 27 August 2026.

7] Skyways Air Services IPO registrar: Bigshare Services Private Ltd has been appointed the official registrar of the book build issue.

8] Skyways Air Services IPO listing date: The public issue is proposed for listing on the BSE and NSE exchanges. The most likely date for the share listing is 1 September 2026.

9] Skyways Air Services IPO lead managers: Holani Consultants, Shannon Advisors, and Dolat Finserv have been appointed lead managers of the Behari Lal Engineering IPO.

Skyways Air Services IPO review

10] Should you subscribe to Skyways Air Services IPO: Swastika Investmart has assigned a ‘subscribe’ tag to the public issue, saying, “The company has maintained the No. 1 position in air freight forwarding by AWB generation for the past four calendar years. Thin PAT margins (~2.26% in FY26) mean net profitability is sensitive to air cargo rate fluctuations, jet fuel surcharges, and international trade volume shifts. Allocating ₹216.79 crore of fresh proceeds toward debt reduction will directly lower interest burdens, driving margin expansion in FY27–FY28. The issue is primarily for long-term investors looking to play the structural expansion of Indian air cargo exports and supply-chain infrastructure.”

Ventura Securities has also assigned an ‘apply’ tag to the public issue, saying, “Skyways follows an asset-light logistics model supported by freight forwarding capabilities, warehousing infrastructure and technology-enabled supply chain solutions. Financially, revenue increased from ₹1,289.11 crore in FY24 to ₹2,812.89 crore in FY26, implying a revenue CAGR of 47.7%. EBITDA increased from ₹49.5 crore to ₹128.7 crore, while PAT increased from ₹31.3 crore to ₹41 crore during the same period. EBITDA margin improved from 3.8% in FY24 to 4.6% in FY26.”

Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.