Global Markets
Home›Global Markets›Emerging Markets›Skyways Air Services IPO allotment set for Aug. 28 as…
Skyways Air Services IPO allotment set for Aug. 28 as grey premium rises
The issue is expected to list on Sept. 1 after allotment, with the estimated listing price at ₹182 implying a 31.9% premium to the ₹138 IPO price.
Skyways Air Services will finalize IPO share allotment on Friday, August 28, applicants can check allocation status through the registrar portal, Bigshare Services Pvt Ltd, according to LiveMint Markets.
The IPO’s grey market premium, or GMP, is currently at plus ₹44, with an estimated listing price of ₹182 per share, which is 31.9% above the IPO price of ₹138.
Grey market activity over the past 16 sessions has seen the GMP move between ₹19 and ₹50, reflecting shifting expectations ahead of the listing.
The subscription period ran from Monday, August 24, to Thursday, August 27, and based on NSE data the subscription status on day three was 71.25 times. Shares are set to be credited to demat accounts on Monday, August 28, with refunds starting Monday, August 31, and the listing date fixed for Tuesday, September 1, on both NSE and BSE.