Skyways Air Services’ IPO Secures High-Profile Support with Citi and Nomura Contributing to Rs 174 Crore Anchor Book

Skyways Air Services, a prominent player in the logistics and supply chain sector, has successfully garnered Rs 174.5 crore from anchor investors in anticipation of its initial public offering (IPO), which is set to open for public subscription on August 24, 2026. The company aims to raise a total of Rs 582.80 crore through this offering. Recently, it has allocated 1,26,48,000 equity shares at a price of Rs 138 each to various institutional investors, including notable names like Nomura Singapore and Citi Group Global Markets Mauritius, highlighting strong institutional interest.

The IPO comprises two components: a fresh issue of 2.89 crore shares aggregating to Rs 398.80 crore and an offer for sale (OFS) of up to 1.33 crore shares valued at Rs 184 crore by promoters and other shareholders. The price band for the IPO is set between Rs 131-138 per share, meaning that retail investors are required to invest a minimum of Rs 13,800 for one lot of 100 shares. The IPO will close on August 27, 2026, with shares expected to list on the stock exchanges on September 1, 2026. Proceeds from the fresh issue will primarily be utilized for debt repayments and working capital needs.

Sentiment in the grey market indicates a positive outlook for the Skyways Air Services IPO, reflecting optimism among retail investors. Given the rising importance of logistics in the Indian economy, this IPO could present a valuable opportunity for investors looking to diversify their portfolios. The successful pricing and strong backing from institutional investors suggest a favorable reception when the shares list, making it a noteworthy development for participants in the Indian IPO market.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)