Filing Room

Anatomy of an IPO. Every figure read from a filing

SKYWAYS AIR SERVICES LIMITED

IssueRs 583 cr

<in-capmkt:AmountOfIssueSize contextRef="OneD" unitRef="INR" decimals="-6">5828000000</in-capmkt:AmountOfIssueSize>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD AMOUNT OF ISSUE SIZE

PriceRs 138

Issue Price for the current Public issue Rs. 138/- per share

BSE NOTICE 20260831-29 P.2 · SHA256 ECA62712 · NOTICE ISSUE PRICE

Lot100 sh / Rs 13,800

<in-capmkt:MarketLot contextRef="OneI" unitRef="shares" decimals="INF">100</in-capmkt:MarketLot>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD MARKET LOT

Allotted28 Aug 2026

Date of Allotment in the public issue: August 28, 2026

BSE NOTICE 20260831-29 P.2 · SHA256 ECA62712 · NOTICE DATE OF ALLOTMENT

Listed1 Sep 2026

<in-capmkt:DateOfListing contextRef="OneI">2026-09-01</in-capmkt:DateOfListing>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD DATE OF LISTING

Subscribed--
Last close--

01 Who was given shares, and on what terms

Anchor investors29.95%

<in-capmkt:NumberOfShareAllocatedToAnchor contextRef="OneI" unitRef="shares" decimals="INF">12648000</in-capmkt:NumberOfShareAllocatedToAnchor>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD SHARES ALLOCATED TO ANCHOR

ALLOCATED BEFORE BIDDING OPENED, AT A PRICE NOBODY BID · RS 175 CRORE

Other institutions19.97%

<in-capmkt:NumberOfShareAllocatedToQIB contextRef="OneI" unitRef="shares" decimals="INF">8432000</in-capmkt:NumberOfShareAllocatedToQIB>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD ALLOCATED TO QIB

QUALIFIED INSTITUTIONAL BUYERS, NET OF THE ANCHOR PORTION

Wealthy individuals15.04%

<in-capmkt:NumberOfShareAllocatedToNII contextRef="OneI" unitRef="shares" decimals="INF">6351600</in-capmkt:NumberOfShareAllocatedToNII>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD ALLOCATED TO NII

NON-INSTITUTIONAL, THE PORTION ABOVE TWO LAKH RUPEES

People like you35.04%

<in-capmkt:NumberOfShareAllocatedToRII contextRef="OneI" unitRef="shares" decimals="INF">14800000</in-capmkt:NumberOfShareAllocatedToRII>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD ALLOCATED TO RII

RETAIL. GUARANTEED BY LAW WHETHER OR NOT ANYONE WANTS IT

The odds of an application getting shares need the retail subscription, which comes from the bid book while bidding runs. This issue listed before this site began holding books, and the exchange withdraws the book at close, so for this issue it no longer exists anywhere.

02 The issue, and where the money went

4,22,31,600 shares offered

<in-capmkt:NumberOfIssueShares contextRef="OneI" unitRef="shares" decimals="INF">42231600</in-capmkt:NumberOfIssueShares>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD NUMBER OF ISSUE SHARES

Rs 583

crore

<in-capmkt:AmountOfIssueSize contextRef="OneD" unitRef="INR" decimals="-6">5828000000</in-capmkt:AmountOfIssueSize>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD AMOUNT OF ISSUE SIZE

BIDDING 24 AUG 2026 TO 27 AUG 2026 PRICE FIXED AT RS 138

03 Where the money came out

100% of the money

Partly to the company, partly to selling shareholders

Rs 583 crore

COMPOSITION FRESH AND OFS · 1,33,33,300 SHARES SOLD BY EXISTING HOLDERS

<in-capmkt:NumberOfOfferForSaleShares contextRef="OneI" unitRef="shares" decimals="INF">13333300</in-capmkt:NumberOfOfferForSaleShares>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD OFFER FOR SALE SHARES

to the company

THE FRESH ISSUE PORTION, AT THE ISSUE PRICE.

What the company will do with it

The objects of the offer are complete only in the final prospectus. A red herring states the fixed objects and leaves the residual one and the total blank, because both depend on the price.

04 What the company earns

The restated statement of profit and loss is read only where it adds up: revenue plus other income is total income, and total income less total expenses is profit before tax, in every year. This prospectus states it in a shape this reader does not yet follow.

05 When those shares come back to the market

28 AUG 2026 ALLOTMENT1 SEP 2026 LISTEDRs 87 crore63,24,000 SHARES UNLOCK27 SEP 2026 Anchor lock-in, first trancheRs 87 crore63,24,000 SHARES UNLOCK26 NOV 2026 Anchor lock-in, second tranche
  1. 28 Aug 2026ALLOTMENT
  2. 1 Sep 2026LISTED
  3. 27 Sep 2026Anchor lock-in, first trancheRs 87 crore · 63,24,000 SHARES UNLOCK
  4. 26 Nov 2026Anchor lock-in, second trancheRs 87 crore · 63,24,000 SHARES UNLOCK

06 Every dated unlock, with the page it was read from

Anchor lock-in, first tranche

28 Sep 2026

ICDR Sch XIII Pt A Cl.10(j) · 30 days

Shares: 63,24,000

At the issue price: Rs 87.27 crore

Source: BSE issue summary, scrip 544890 p.1 8e5d3041

<in-capmkt:NumberOfShareAllocatedToAnchor contextRef="OneI" unitRef="shares" decimals="INF">12648000</in-capmkt:NumberOfShareAllocatedToAnchor>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD SHARES ALLOCATED TO ANCHOR

Period: 30 days

locked in for a period of 30 days from the date of Allotment

SKYWAYS AIR SERVICES LIMITED - RHP P.594 · SHA256 2311FE7B · STATED ANCHOR FIRST TRANCHE

Anchor lock-in, second tranche

26 Nov 2026

ICDR Sch XIII Pt A Cl.10(j) · 90 days

Shares: 63,24,000

At the issue price: Rs 87.27 crore

Source: BSE issue summary, scrip 544890 p.1 8e5d3041

<in-capmkt:NumberOfShareAllocatedToAnchor contextRef="OneI" unitRef="shares" decimals="INF">12648000</in-capmkt:NumberOfShareAllocatedToAnchor>

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD SHARES ALLOCATED TO ANCHOR

Period: 90 days

90 days from the date of Allotment

SKYWAYS AIR SERVICES LIMITED - RHP P.594 · SHA256 2311FE7B · STATED ANCHOR SECOND TRANCHE

Not dated on this page, and why

29.95% of this issue was allocated before the public could bid, at a price nobody bid.

BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · NOTHING HERE IS ADVICE.

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