Summary:
Skyways Air Services IPO subscription reached 2.46 times on Day 2, led by strong retail and NII demand. Retail investors subscribed 3.53 times, while NIIs reached 2.57 times and QIBs remained at 0.47 times. The ₹582.80 crore IPO closes on August 27, 2026, with a price band of ₹131–₹138 per share. Institutional participation will be a key factor to watch on the final bidding day. The company provides air and ocean freight forwarding, logistics, warehousing and related supply chain services.
Skyways Air Services, the Delhi-headquartered air and ocean freight forwarding and logistics company, continues to see subscription build on Day 2 of its ₹582.80 crore mainboard IPO, with overall demand climbing to 2.46 times as retail and NII bidding picks up pace.
IPO Details
| Detail | Information |
|---|---|
| Issue Size | ₹582.80 crore (fresh issue ₹398.80 crore + OFS ₹184 crore) |
| Price Band | ₹131–₹138 per share |
| Lot Size | 100 shares |
| Minimum Investment (Retail) | ₹13,800 |
| Face Value | ₹10 per share |
| IPO Open Date | August 24, 2026 |
| IPO Close Date | August 27, 2026 |
| Registrar | Bigshare Services Pvt Ltd |
| Book-Running Lead Manager | Holani Consultants Pvt Ltd |
Category-wise Breakdown on Day 2
| Category | Shares Offered/Reserved | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 84,32,000 | 39,77,200 | 0.47 |
| Non Institutional Investors | 63,51,600 | 1,63,47,200 | 2.57 |
| — NII (bids above ₹10 lakh) | 42,34,400 | 78,58,300 | 1.86 |
| — NII (bids ₹2–10 lakh) | 21,17,200 | 84,88,900 | 4.01 |
| Retail Individual Investors (RIIs) | 1,48,00,000 | 5,23,05,000 | 3.53 |
| Total | 2,95,83,600 | 7,26,29,400 | 2.46 |
Data as of the Day 2 update, sourced from NSE Consolidated Bid Details (nseindia.com).
Skyways Air Services IPO - Day 2 Subscription Status
As of the Day 2 update, the issue received bids for 7,26,29,400 shares against 2,95,83,600 shares on offer, taking overall subscription to 2.46 times. Retail Individual Investors led the demand at 3.53 times, followed by Non-Institutional Investors at 2.57 times, while Qualified Institutional Buyers stayed below full subscription at 0.47 times.
What Day 2 Numbers Indicate
Subscription jumping from 1.18 times on Day 1 to 2.46 times by Day 2 shows a sharp pickup in both retail and NII demand, even as QIB bidding remains comparatively subdued. Within the NII category, the ₹2–10 lakh bracket (4.01x) significantly outpaced the above-₹10-lakh bracket (1.86x), suggesting smaller HNIs are driving momentum more than larger applicants at this stage. With QIB bidding still below the 1x mark, institutional demand — which typically surges on the final day of mainboard issues — will be the key factor determining the issue's overall subscription level by close on August 27.
Skyways Air Services IPO - Timetable
| Event | Date |
|---|---|
| IPO Open Date | August 24, 2026 |
| IPO Close Date | August 27, 2026 |
| Allotment Finalisation | August 28, 2026 |
| Refund Initiation | August 31, 2026 |
| Demat Credit | August 31, 2026 |
| Listing Date | September 1, 2026 |
| Listing Exchanges | BSE, NSE |
Should You Apply for Skyways Air Services IPO?
Skyways Air Services Limited is a logistics and freight forwarding company offering comprehensive supply chain and transportation solutions across domestic and international markets, with a service portfolio spanning air freight forwarding, ocean freight forwarding, road transportation, warehousing, customs brokerage, and technology-enabled express cargo and parcel delivery. Revenue from operations grew to ₹2,839.67 crore in FY26 from ₹2,270.99 crore in FY25, with profit after tax rising to ₹63.52 crore from ₹48.14 crore over the same period, translating to a PAT margin of roughly 2.26%.
Investors considering the issue should weigh the company's revenue growth and diversified logistics service offering against sector-specific risks such as thin operating margins typical of the freight forwarding and logistics business, and dependence on fuel costs and global trade volumes. As with any IPO, the decision should be based on individual risk appetite, investment horizon, and a review of the RHP rather than subscription numbers alone.
How to Apply for Skyways Air Services IPO
Investors can apply for the Skyways Air Services IPO through ASBA via their bank's net banking portal, via UPI-based ASBA through their stock broker's trading app, or offline by submitting a physical ASBA form through their broker. The minimum lot size is 100 shares, requiring a minimum investment of approximately ₹13,800 at the upper price band, with retail investors eligible to apply for up to 14 lots.
How to Check Skyways Air Services IPO Subscription Status
How to check Skyways Air Services IPO Subscription Status on NSE website
- Visit the NSE IPO issue information page (nseindia.com).
- Search for "Skyways Air Services" or enter the relevant symbol.
- Select "Consolidated Bid Details" from the dropdown to view category-wise subscription data.
- The page refreshes periodically to show live bidding figures during market hours.
How to check Skyways Air Services IPO Subscription Status on BSE website
- Visit the BSE IPO page (bseindia.com).
- Navigate to the "Active IPO" or "IPO Bidding" section.
- Select "Skyways Air Services Limited" from the list of active issues.
- View category-wise and overall subscription figures, updated through the bidding window.
How to check Skyways Air Services IPO Subscription Status on Ventura?
Ventura clients can track real-time subscription status for the Skyways Air Services IPO directly within the IPO section of the Ventura app or web platform, alongside category-wise bid data and allotment updates — without needing to switch between exchange websites.
IPO Subscription History
Previous Day Subscription
The issue opened on Day 1 with overall subscription of 1.18 times, led by retail investors at 1.65 times, while NIIs (0.92x) and QIBs (0.46x) stayed below full subscription — building the base for the sharper Day 2 pickup.
Conclusion
Skyways Air Services' IPO gathered solid momentum on Day 2, with overall subscription more than doubling to 2.46 times on the back of strong retail and NII participation. With two more days of bidding ahead until the issue closes on August 27, institutional demand will be the key factor to watch, as QIB bidding typically surges sharply in the closing hours of mainboard issues.
