Skyways Air Services IPO allotment: How to check status online on Bigshare Services, NSE, BSE; listing date, time revealed

Air freight forwarding and logistics firm Skyways Air Services' basis of allotment is likely to be finalised on Friday, August 28. The bid finalisation details will be available on the portals of the NSE, the BSE and the registrar, Bigshare Services.

The IPO got bids for 2,10,79,10,700 shares versus 2,95,83,600 shares on offer, translating to 71.25 times subscription, according to NSE data.

The portion meant for qualified institutional buyers (QIBs) attracted 139.69 times subscription. The quota for non-institutional investors (NIIs) was subscribed 87.24 times, while the retail individual investors (RIIs) category received 25.40 times subscription.

The ₹582.80 crore initial public offering comprised a fresh issue of up to 2.89 crore shares worth ₹398.80 crore and an offer-for-sale (OFS) component of up to 1.33 crore shares valued at ₹184 crore.

Under the OFS, promoters Tarun Sharma and Yashpal Sharma and investors Rohit Sehgal and Himanshu Chhabra offloaded their stake.

Proceeds from the fresh issue will be utilised for repayment or prepayment of borrowings, funding incremental working capital needs and corporate general purposes.

Skyways Air Services, incorporated in 1984, operates in air and ocean freight forwarding, trucking, customs broking, warehousing, and express cargo and parcel delivery.

Skyways Air Services IPO: Allotment date and time

How to check Skyways Air Services IPO allotment status online on NSE

• Open NSE's allotment status link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Pick 'SKYWAYS' from the 'Select Symbol' list
• Identify yourself using the application number and PAN details
• Press the 'Submit' button

Steps to check Skyways Air Services IPO allotment status online on BSE

• Go to this page: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• In the ‘Issue Name’ list, click on ‘Skyways Air Services Ltd’
• Mention your IPO application number and PAN
• Hit the 'Search' button

Skyways Air Services IPO allotment status online on Bigshare Services; full steps

• Head to registrar's allotment website: www.bigshareonline.com/ipo_Allotment.html
• Three servers will appear on screen, click on any one
• Choose 'Skyways Air Services' from the public offers available
• Add any one – PAN, application number, or beneficiary ID
• Press the 'Search' button

Skyways Air Services IPO: Listing date and time

Skyways Air Services' shares will make their stock market debut on the NSE and BSE on September 1 at 10 am.