Skyways Air, Symbiotec Pharmalab IPOs Day 3: Cross 4x subscription
Skyways Air Services IPO was subscribed 4.48 times and Symbiotec Pharmalab IPO was subscribed 4.45 times at the time of writing (2.42 pm)
The IPOs of Skyways Air Services and Symbiotec Pharmalab saw a surge in subscription on their final day of bidding, with both issues crossing four times the demand. Skyways Air Services IPO was subscribed 4.48 times, with NII and retail portions booked 6.18 times and 6.18 times, respectively. Symbiotec Pharmalab IPO was subscribed 4.45 times, with NII and retail portions booked 4.37 times and 9.79 times, respectively.
The IPOs were used for various purposes such as repayment of borrowings, funding working capital requirements, and general corporate purposes.
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