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The Economic Times

Business

Ritesh Presswala

Skyways Air IPO Day 4: GMP signals 31% listing premium; issue subscribed over 71 times

GMP IPO Skyways Air Services India Master Capital Services

By the end of the final day of subscription, Skyways Air Services IPO had been subscribed 71.25 times overall, with investors placing bids for 210.79 crore shares against 2.95 crore shares on offer.

The latest grey market premium (GMP) suggests a potential listing gain of around 31% over the upper end of the IPO price band, up from the earlier indication of 21%, pointing to positive investor sentiment.

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