{"id":427,"date":"2026-08-28T15:47:00","date_gmt":"2026-08-28T10:17:00","guid":{"rendered":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/?p=427"},"modified":"2026-08-28T14:53:29","modified_gmt":"2026-08-28T09:23:29","slug":"hy-tech-engineers-ipo-gets-244x-subscription-skyways-air-symbiotec-pharmalab-see-71x-demand","status":"publish","type":"post","link":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/news\/hy-tech-engineers-ipo-gets-244x-subscription-skyways-air-symbiotec-pharmalab-see-71x-demand\/","title":{"rendered":"Hy-Tech Engineers IPO Gets 244x Subscription; Skyways Air, Symbiotec Pharmalab See 71x Demand"},"content":{"rendered":"\n

All three IPOs closed on August 27 with strong investor demand and are scheduled to list on the BSE and NSE on September 1.<\/em> The initial public offerings (IPOs) of Hy-Tech Engineers, Skyways Air Services and Symbiotec Pharmalab closed on August 27 with strong demand from investors. Hy-Tech Engineers recorded the highest subscription at 244.41 times, followed by Symbiotec Pharmalab at 71.26 times and Skyways Air Services at 71.25 times. All three companies are scheduled to list their shares on the BSE and NSE on September 1.<\/p>\n\n\n\n

Hy-Tech Engineers IPO<\/h2>\n\n\n\n

The Hy-Tech Engineers IPO was subscribed 244.41 times overall. The qualified institutional buyers (QIB) portion was subscribed 255.77 times, while the non-institutional investor (NII) portion was subscribed 402.29 times. The retail portion saw 170.58 times subscription.<\/p>\n\n\n\n

The company raised Rs 135.73 crore through the IPO, with the price band fixed at Rs 50-53 per equity share.<\/p>\n\n\n\n

The Maharashtra-based engineering company had earlier reduced the fresh issue component to Rs 60 crore from Rs 70 crore and increased the offer-for-sale (OFS) component to nearly 1.43 crore shares.<\/p>\n\n\n\n

The company plans to use around Rs 29.96 crore from the net proceeds to purchase machinery and equipment for expansion at its Kavathe, Shirwal and Pithampur-I units. Another Rs 16 crore will be used for repayment of loans, with the remaining funds allocated towards general corporate purposes.<\/p>\n\n\n\n

Skyways Air Services IPO<\/h2>\n\n\n\n

The Skyways Air Services IPO received an overall subscription of 71.25 times.<\/p>\n\n\n\n

The QIB portion was subscribed 139.69 times, while the NII category received 87.24 times subscription. The retail portion was subscribed 25.40 times.<\/p>\n\n\n\n

The IPO consisted of a fresh issue of up to 2.89 crore shares and an OFS of up to 1.33 crore shares. The price band was set at Rs 131-138 per share.<\/p>\n\n\n\n

Skyways Air Services raised Rs 174.5 crore from anchor investors before the IPO opened.<\/p>\n\n\n\n

The company plans to use the proceeds from the fresh issue for repayment or prepayment of borrowings, funding additional working capital requirements and general corporate purposes.<\/p>\n\n\n\n

Established in 1984, Skyways Air Services operates across air and ocean freight forwarding, trucking, warehousing, customs broking, and express cargo and parcel delivery.<\/p>\n\n\n\n

Symbiotec Pharmalab IPO<\/h2>\n\n\n\n

The Symbiotec Pharmalab IPO was subscribed 71.26 times overall.<\/p>\n\n\n\n

The QIB portion was booked 172.03 times, while the NII category was subscribed 73.63 times. The retail portion received 12.96 times subscription and the employee portion was subscribed 15.41 times.<\/p>\n\n\n\n

The IPO comprised a fresh issue of up to Rs 150 crore and an OFS component of Rs 1,607 crore. The price band was fixed at Rs 938-988 per equity share, giving the company a valuation of around Rs 6,350 crore at the upper end of the price band.<\/p>\n\n\n\n

Symbiotec Pharmalab had raised Rs 526 crore from anchor investors.<\/p>\n\n\n\n

The fresh issue proceeds will be used for debt repayment and general corporate purposes. Promoter Satwani Holdings LLP and investors Rosewood Investments and India Business Excellence Fund III are participating in the OFS.<\/p>\n\n\n\n

Based in Indore, Symbiotec Pharmalab is a research and development-focused pharmaceutical and biotechnology company with capabilities in organic chemistry, biotechnology and complex injectables.<\/p>\n\n\n\n

IPO Listings on September 1<\/h2>\n\n\n\n

The strong subscription levels across the three issues indicate substantial investor demand during the IPO period. However, subscription figures reflect the number of times the shares were bid for relative to the shares available and do not guarantee listing gains.<\/p>\n\n\n\n

The shares of Hy-Tech Engineers, Skyways Air Services and Symbiotec Pharmalab are proposed to be listed on both the BSE and NSE on September 1.<\/p>\n\n\n\n

Source: Businessline<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

All three IPOs closed on August 27 with strong investor demand and are scheduled to list on the BSE and NSE on September 1. The initial public offerings (IPOs) of Hy-Tech Engineers, Skyways Air Services and Symbiotec Pharmalab closed on August 27 with strong demand from investors. Hy-Tech Engineers recorded the highest subscription at 244.41 […]<\/p>\n","protected":false},"author":6,"featured_media":428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/posts\/427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/comments?post=427"}],"version-history":[{"count":1,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/posts\/427\/revisions"}],"predecessor-version":[{"id":429,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/posts\/427\/revisions\/429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/media\/428"}],"wp:attachment":[{"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/media?parent=427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/categories?post=427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thesimplehaishow.com\/thesimplehaishow\/wp-json\/wp\/v2\/tags?post=427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}