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The Economic Times
The Economic Times
Business
Ritesh Presswala

Skyways Air IPO Day 3: GMP indicates 21% listing premium; Issue subscribed 2.46x — Should you subscribe?

IPO GMP Skyways Air Services India Master Capital Services

The Rs 582.8 crore IPO of Skyways Air Services has entered its third day of bidding, drawing strong investor interest. The grey market premium (GMP) currently points to a 21% premium over the upper end of the IPO price band, suggesting expectations of a potentially strong listing. The issue opened on August 25 and will close on August 27.

By the end of Day 2, the IPO was subscribed 2.46 times, with bids received for 2.95 crore shares on offer. Retail investors showed particularly strong demand, with their portion subscribed 3.54 times against the 1.48 crore shares reserved for them.

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