Skyways Air Services IPO

Integrated Logistics & Freight Forwarding (Air Cargo) - Listed on 01 September 2026

-10.1% listing gain
Issue Price (Upper)
Rs 138
Listing Price
Rs 124
Closing Price (NSE)
Rs 125
Total Subscription
71.25x

Skyways Air Services IPO listing summary

Skyways Air Services (Integrated Logistics & Freight Forwarding (Air Cargo)) closed its IPO window in 2026 and listed on NSE and BSE on 01 September 2026 at an upper band issue price of Rs 138, opening at Rs 124 for a listing gain of -10.1% and closing day one at Rs 125 (-9.0% on closing basis). The IPO was subscribed 71.25x overall - QIB 139.69x, HNI/NII 87.31x, Retail 25.39x. The total issue size was Rs 582.8 Cr (Fresh Issue Rs 398.8 Cr, OFS Rs 184 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
-10.14%
Listing Gain (Close)
-9.01%
Day Change After Listing
+0.81%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB139.69x
HNI / NII87.31x
Retail25.39x
Overall71.25x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 11.16x
Day 22.46x
Day 3 (Final)71.25x

Skyways Air Services IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 41+29.71%
Day 2Rs 43+31.16%
Day 3Rs 43+30.20%
Day 4Rs 41+29.71%
Day 5Rs 30+21.74%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
21.7%-31.2%
IPOGyani AI Prediction
28.6%
Actual Listing Gain
-10.1%

Prediction Accuracy: 38.7 pp (Variance observed)

Issue & financials

Issue SizeRs 582.8 Cr
Fresh IssueRs 398.8 Cr
OFSRs 184 Cr
IPO PE48.94
Peer / Sector PE182.00
PE vs Sector Ratio0.27
Latest EBITDA (Cr)125.70
Debt / Equity1.26

Market context at listing

How the broader market moved around the Skyways Air Services IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-1.11%
Nifty 1W Return-0.63%
Nifty 1M Return-0.39%
Nifty during IPO window-0.63%

Skyways Air Services IPO - FAQs

What was the listing gain of Skyways Air Services IPO?

Skyways Air Services IPO listed at -10.1% versus the upper issue price of Rs 138 on 01 September 2026.

How many times was Skyways Air Services IPO subscribed?

Skyways Air Services IPO was subscribed 71.25x overall. QIB portion was subscribed 139.69x, HNI / NII 87.31x and Retail 25.39x.

What was the IPO GMP for Skyways Air Services?

IPO GMP started at Rs 41 on Day 1 and moved to Rs 30 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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