Categories
Popular articles
Swastika Investmart Gives ‘Subscribe’ View on Skyways Air Services IPO as Investors Track GMP
The Skyways Air Services IPO continued to attract investor attention as the public issue remained open for subscription. Mint reported a price band of ₹131–₹138 per share, with the ₹583 crore IPO comprising a fresh issue and an offer for sale. The grey market premium was also being closely monitored, with Mint reporting a GMP of ₹32 at the time of its Day 2 update, indicating potential listing gains against the upper price band.
Swastika Investmart assigned a ‘Subscribe’ rating to the issue. The brokerage highlighted that Skyways Air Services had maintained the No. 1 position in air freight forwarding by AWB generation for the previous four calendar years. At the same time, Swastika Investmart flagged the company's thin PAT margin of around 2.26% in FY26, making profitability sensitive to air cargo rates, jet fuel surcharges and international trade volumes. The brokerage also highlighted the planned use of ₹216.79 crore of fresh IPO proceeds toward debt reduction, which could reduce interest costs and support margin expansion in FY27–FY28.
Featured In
About Swastika Investmart
Swastika Investmart Limited is a SEBI-registered stockbroking and financial services company operating across India's capital markets. The company offers stockbroking, investment research and other market-related financial services. Its research professionals track IPOs, equities, derivatives and developments across the financial markets. Swastika Investmart provides research-led analysis covering companies, IPOs and broader investment opportunities. Its research approach combines market developments with company-specific factors and associated investment risks.
