Now Reading: Skyways Air Services IPO opens Aug 24, price band Rs131-138
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Skyways Air Services IPO opens Aug 24, price band Rs131-138
Skyways Air Services will open its initial public offering on 24 August, with a price band of Rs131 to Rs138 per share. The IPO closes on 27 August. Anchor investors will get…
The Story in Brief
Skyways Air Services will open its initial public offering on 24 August, with a price band of Rs131 to Rs138 per share. The IPO closes on 27 August. Anchor investors will get shares on 21 August. The lot size is 100 shares. The issue comprises a fresh issue of 2.88 crore shares and an offer-for-sale of up to 1.33 crore shares by promoters Yashpal Sharma and Tarun Sharma. Listing on BSE and NSE is expected on 1 September.
The company raised Rs48.23 crore through a pre-IPO placement at Rs120 per share. It plans to use Rs130 crore from the fresh issue for working capital. As of June 2026, Skyways had standalone borrowings of Rs504.65 crore. SEBI approved the IPO papers in November 2025. Holani Consultants, Shannon Advisors and Dolat Finserv are the merchant bankers.
The Indian Opinion
Skyways Air Services enters the market with heavy debt, over Rs504 crore on its books. The company trimmed its fresh issue after a pre-IPO fundraise, but the use of proceeds still leans on working capital needs. Investors should not get carried away by IPO hype. The real test will be whether the company can service its debt and generate profits. Watch the subscription numbers from QIBs and retail: a weak response will reveal market doubts about the valuation.
Source: livemint.com
This story was synthesised by AI from the source linked above.
