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The Economic Times
The Economic Times
Business
Ritesh Presswala

Skyways Air Services shares list at 10% discount on IPO price

Skyways Air Services IPO NSE Qualified Institutional Buyers

Shares of Skyways Air Services tumbled on debut on Tuesday, September 1, listing at 10% discount on IPO price. The stock opened at Rs 124.50 and Rs 124 on the BSE and NSE, respectively, as compared to its issue price of Rs 138.

The IPO, which opened for subscription on August 24 and closed on August 27, drew a massive response across investor categories. The issue was subscribed 71.25 times overall, reflecting robust demand ahead of the listing. Qualified Institutional Buyers (QIBs) emerged as the biggest bidders, with their portion subscribed 139.69 times. The Non-Institutional Investors (NIIs) quota was subscribed 87.24 times, while the retail portion saw 25.40 times subscription.

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