Summary:
Skyways Air Services IPO was subscribed 4.70 times by Day 3, led by NII demand at 8.17 times and retail subscription at 6.47 times. The QIB portion remained below full subscription at 0.49 times, while the ₹2–10 lakh NII segment recorded the strongest demand at 8.90 times. With the issue closing on August 27, QIB participation will be key to the final subscription tally.
Skyways Air Services, the Delhi-headquartered air and ocean freight forwarding and logistics company, saw subscription build further on Day 3 of its ₹582.80 crore mainboard IPO, with overall demand reaching 4.70 times as of the update on August 26, 2026.
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 3
| Category | Shares Offered/Reserved | Shares Bid For | Subscription (x) |
| Qualified Institutional Buyers (QIBs) | 84,32,000 | 41,08,400 | 0.49 |
| Non Institutional Investors | 63,51,600 | 3,01,93,300 | 8.17 |
| — NII (bids above ₹10 lakh) | 42,34,400 | 2,03,50,800 | 4.81 |
| — NII (bids ₹2–10 lakh) | 21,17,200 | 1,88,42,500 | 8.90 |
| Retail Individual Investors (RIIs) | 1,48,00,000 | 9,57,16,000 | 6.47 |
| Total | 2,95,83,600 | 13,90,17,700 | 4.70 |
Data as of 26-Aug-2026, 3:32 PM IST, sourced from NSE Consolidated Bid Details (nseindia.com).
Skyways Air Services IPO - Day 3 Subscription Status
As of the update on August 26, 2026, the issue received bids for 13,90,17,700 shares against 2,95,83,600 shares on offer, taking overall subscription to 4.70 times. Non-Institutional Investors led the demand at 8.17 times, followed by Retail Individual Investors at 6.47 times, while Qualified Institutional Buyers stayed below full subscription at 0.49 times.
What Day 3 Numbers Indicate
Subscription climbing from 2.46 times on Day 2 to 4.70 times by Day 3 reflects continued, steady demand from both NII and retail investors. Within the NII category, the ₹2–10 lakh bracket (8.90x) continues to run ahead of the above-₹10-lakh bracket (4.81x), suggesting smaller HNIs remain the more aggressive bidders at this stage. With QIB bidding still below the 1x mark, institutional demand — which typically surges only in the final session of mainboard issues — will be the key factor determining the overall subscription level by close on August 27, backed by the confidence signalled through the company's ₹174.5 crore anchor book.
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
Subscription rose from 1.18 times on Day 1 to 2.46 times on Day 2, with retail and NII demand building steadily while QIB bidding stayed comparatively subdued throughout.
Conclusion
Skyways Air Services' IPO continues to build momentum heading into its final day, with overall subscription reaching 4.70 times on the back of steady NII and retail participation. With bidding closing on August 27, institutional demand will be the key factor to watch, as QIB bidding typically sees a sharp final-day surge in mainboard issues.
