Skyways Air Services Limited
Skyways Air Services Limited is a mainboard IPO raising ₹583 Cr at ₹131 – ₹138 a share. It listed on 1 Sept 2026 at ₹124, −10.1% against its issue price of ₹138, and trades at ₹111 today (−19.4% since issue). It was subscribed 71× in total.
71.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 84,32,000 | 1,17,78,54,000 | 140× |
| Foreign Institutional Investors | no separate quota | 14,41,98,100 | n/a |
| Domestic Financial Institutions | no separate quota | 75,40,91,700 | n/a |
| Mutual funds | no separate quota | 1,59,88,600 | n/a |
| Others | no separate quota | 26,35,75,600 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 63,51,600 | 55,40,86,200 | 87× |
| Non Institutional Investors | 42,34,400 | 38,67,45,500 | 91× |
| Corporates | no separate quota | 51,85,900 | n/a |
| Individuals | no separate quota | 36,65,62,600 | n/a |
| Others | no separate quota | 1,49,97,000 | n/a |
| Non Institutional Investors | 21,17,200 | 16,73,40,700 | 79× |
| Corporates | no separate quota | 7,46,900 | n/a |
| Individuals | no separate quota | 16,06,52,300 | n/a |
| Others | no separate quota | 59,41,500 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 1,48,00,000 | 37,59,70,500 | 25× |
| Cut Off | no separate quota | 31,92,04,400 | n/a |
| Price bids | no separate quota | 5,67,66,100 | n/a |
| Total | 2,95,83,600 | 2,10,79,10,700 | 71× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 27 Aug, 05:16 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 15% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.33 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.