Skyways Air Services IPO sees strong anchor demand; grey market premium surges

Skyways Air Services has received robust response from anchor investors, raising Rs 174 crore during the anchor book building phase of its IPO. The strong institutional demand has been reflected in a spiralling grey market premium (GMP), which has surged to Rs 50 per share, signalling healthy investor sentiment ahead of the public subscription period.

The airline's IPO comprises a total issue size of Rs 582.8 crore, marking a significant capital-raising exercise for the regional carrier. The anchor portion, which typically precedes the broader public offering, represents nearly 30 per cent of the total issue size and is reserved for qualified institutional buyers including domestic and foreign funds.

The elevated grey market premium suggests investors anticipate a strong listing performance for Skyways Air Services shares. However, grey market premiums are indicative only and actual listing performance may vary based on market conditions, final subscription levels, and broader economic factors during the public offer period.

Skyways Air Services joins a growing queue of aviation sector entities seeking public capital markets access as the airline industry continues its recovery and expansion trajectory in India.