Skyways Air Services has entered the final day of its IPO subscription today. The Rs. 582.8-cr. issue has already received strong investor demand, with subscription crossing five times by the latest update.
The IPO has also attracted significant grey-market interest, with the latest indication suggesting a potential listing premium of around 31%. However, investors should remember that GMP is unofficial and does not guarantee the actual listing price.
The final subscription figures will provide a clearer picture of investor demand across retail, non-institutional and institutional categories. The shares are expected to move towards allotment and listing after the issue closes.
