Skyways Air IPO Details
| IPO Date | 24 to 27 Aug 2026 |
|---|---|
| Listing Date | Tuesday, Sep 1, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹131 to ₹138 per share |
| Lot Size | 100 Shares |
| Issue Type | Book Building Issue |
| Sale Type | Fresh Issue cum Offer for Sale |
| Listing At | BSE, NSE |
| Total Issue Size | 4,22,31,600 Shares, aggregating up to ₹582.80 Cr |
| Fresh Issue | 2,88,98,300 Shares, aggregating up to ₹398.80 Cr |
| Offer for Sale | 1,33,33,300 Shares, aggregating up to ₹184 Cr |
| Market Cap at Upper Band | ₹2,005.74 Cr |
| Pre-Issue Shares | 11,64,45,244 Shares |
| Post-Issue Shares | 14,53,43,544 Shares |
Skyways Air IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Open | Monday, Aug 24, 2026 |
| IPO Close | Thursday, Aug 27, 2026 |
| Basis of Allotment | Friday, Aug 28, 2026 |
| Refunds Initiated | Monday, Aug 31, 2026 |
| Credit of Shares to Demat | Monday, Aug 31, 2026 |
| Listing | Tuesday, Sep 1, 2026 |
Skyways Air IPO Lot Size
Investors can bid for a minimum of 100 shares and in multiples of the prescribed lot size. At the upper price of ₹138 per share, one retail lot requires an investment of ₹13,800.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 100 | ₹13,800 |
| Retail Maximum | 14 | 1,400 | ₹1,93,200 |
| S-HNI Minimum | 15 | 1,500 | ₹2,07,000 |
| S-HNI Maximum | 72 | 7,200 | ₹9,93,600 |
| B-HNI Minimum | 73 | 7,300 | ₹10,07,400 |
Skyways Air IPO Reservation
The Skyways Air IPO comprises a total issue size of 4,22,31,600 shares. The issue has been allocated across QIB, NII and retail investors as per the stated reservation structure.
| Investor Category | Shares | % of Total Issue |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 2,10,80,000 | 49.92% |
| Anchor Investor | 1,26,48,000 | 29.95% |
| QIB Ex. Anchor | 84,32,000 | 19.97% |
| Non-Institutional Investors (NII) | 63,51,600 | 15.04% |
| Retail Individual Investors | 1,48,00,000 | 35.04% |
| Total | 4,22,31,600 | 100% |
Skyways Air IPO Anchor Investors
Skyways Air IPO raised approximately ₹174.54 crore from anchor investors ahead of the public issue. The anchor bidding date was 21 August 2026.
| Particular | Details |
|---|---|
| Anchor Bid Date | Friday, Aug 21, 2026 |
| Shares Offered | 1,26,48,000 |
| Anchor Portion | ₹174.54 Cr |
| 50% Shares Lock-in Ends | Sep 27, 2026 |
| Remaining Shares Lock-in Ends | Nov 26, 2026 |
About Skyways Air Services Limited
Skyways Air Services Limited, incorporated in December 1984, is an Indian logistics and freight forwarding company with more than four decades of experience in the air freight forwarding and logistics industry.
The company provides a broad range of logistics solutions, including air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo and parcel delivery, along with other value-added supply chain services.
Skyways Air Services has developed from a Custom House Agent into a multi-modal logistics provider serving domestic and international markets. Its operations are supported by relationships with international airlines and memberships in global logistics networks.
The company’s airline relationships include Saudi Cargo, Air India Cargo, Emirates and Lufthansa. It is also associated with global logistics networks such as WCA, AOP, C5C, MGLN, GFA and TWIG.
Skyways has also developed technology platforms including SLS HIKE, SLS 100X, SLS 100X 2.0, Cargo Dash, Skart-Edge and the upcoming ASAP platform to support freight booking, shipment tracking, documentation, workflow automation and operational reporting.
As of June 30, 2026, the company had 320 employees across its core functions. Including its subsidiaries, the broader employee base stood at 1,193 employees as of March 31, 2026.
Skyways Air IPO Key Strengths
Skyways Air IPO Financial Performance
Skyways Air Services reported strong year-on-year growth in FY2026. Total income increased to ₹2,839.67 crore in FY2026 from ₹2,270.99 crore in FY2025.
Profit after tax increased to ₹63.52 crore in FY2026 from ₹48.14 crore in FY2025. EBITDA also increased from ₹86.49 crore to ₹125.65 crore during the same period.
| Particulars | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Total Assets | ₹1,508.24 Cr | ₹1,321.64 Cr | ₹790.35 Cr |
| Total Income | ₹2,839.67 Cr | ₹2,270.99 Cr | ₹1,316.81 Cr |
| Profit After Tax | ₹63.52 Cr | ₹48.14 Cr | ₹34.49 Cr |
| EBITDA | ₹125.65 Cr | ₹86.49 Cr | ₹48.34 Cr |
| Net Worth | ₹332.64 Cr | ₹247.14 Cr | ₹154.26 Cr |
| Total Borrowings | ₹624.06 Cr | ₹558.43 Cr | ₹357.34 Cr |
Figures are in ₹ crore unless otherwise stated.
Skyways Air IPO Key Performance Indicators
| KPI | FY2026 | FY2025 |
|---|---|---|
| ROE | 14.15% | 19.52% |
| ROCE | 18.11% | 14.61% |
| RoNW | 12.33% | 15.85% |
| PAT Margin | 2.26% | 2.14% |
| EBITDA Margin | 4.47% | 3.85% |
| NAV | ₹28.91 | ₹23.40 |
Skyways Air IPO Valuation
At the upper end of the IPO price band, Skyways Air Services is expected to have a market capitalisation of approximately ₹2,005.74 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹5.46 | ₹4.37 |
| Market Capitalisation | — | ₹2,005.74 Cr |
Based on the upper issue price of ₹138 and post-issue EPS of ₹4.37, the implied post-issue P/E is approximately 31.58x.
Skyways Air IPO Objectives
The company proposes to use the net proceeds from the fresh issue primarily for debt repayment and working capital requirements, along with general corporate purposes.
| No. | Purpose | Estimated Amount |
|---|---|---|
| 1 | Repayment or pre-payment, in full or part, of certain outstanding borrowings of the company and subsidiary Forin Container Line Pvt. Ltd. | ₹216.79 Cr |
| 2 | Funding incremental working capital requirements of the company | ₹130.00 Cr |
| 3 | General Corporate Purposes | Balance Amount |
| Total Identified Objects | ₹346.79 Cr | |
Skyways Air Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 79.14% | 56.82% |
| Public | 20.86% | 43.18% |
| Total | 100% | 100% |
The promoters of Skyways Air Services are Yashpal Sharma and Tarun Sharma.
Skyways Air IPO Offer for Sale
The IPO includes an offer-for-sale component of 1,33,33,300 equity shares. The OFS proceeds will go to the selling shareholders rather than being received by the company as fresh capital.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| Yashpal Sharma | Promoter | 71,20,690 | ₹98.27 Cr |
| Tarun Sharma | Promoter | 24,60,000 | ₹33.95 Cr |
| Himanshu Chhabra | Other | 18,66,000 | ₹25.75 Cr |
| Rohit Sehgal | Other | 18,86,610 | ₹26.04 Cr |
| Total | 1,33,33,300 | ₹184 Cr |
Recently Listed IPOs in Logistics
| Company | Issue Size | Issue Price | P/E | Listing Day Gain/Loss | LTP |
|---|---|---|---|---|---|
| Shiprocket Ltd. | ₹1,617.48 Cr | ₹97 | -77.60 | +47.89% | ₹140.81 |
| Shadowfax Technologies Ltd. | ₹1,907.27 Cr | ₹124 | 1017.96 | -11.31% | ₹255.39 |
| Om Freight Forwarders Ltd. | ₹122.31 Cr | ₹135 | 19.56 | -36.61% | ₹94.92 |
Skyways Air IPO Review
What Is Skyways Air IPO GMP?
GMP stands for Grey Market Premium. It is an unofficial indicator used by some market participants to assess the possible demand and market sentiment surrounding an IPO before its shares begin trading on the stock exchanges.
The grey market operates outside the formal stock exchange mechanism, and GMP values can change frequently depending on investor sentiment, demand and market conditions.
GMP is not an official price indicator and does not guarantee the listing price or listing gain. Actual listing performance can be significantly different from grey-market expectations.
Skyways Air IPO Registrar
Bigshare Services is the registrar appointed for the Skyways Air IPO. The registrar handles IPO application processing, allotment-related records, refunds and credit of shares to successful applicants.
Phone:
8657578989 / 8069219065 / 8069219060
Email: ipo@bigshareonline.com
Skyways Air IPO Lead Managers
| No. | Book Running Lead Manager |
|---|---|
| 1 | Holani Consultants Pvt. Ltd. |
| 2 | Shannon Advisors Pvt. Ltd. |
| 3 | Dolat Finserv Pvt. Ltd. |
Skyways Air IPO FAQs
When will Skyways Air IPO open?
The Skyways Air IPO is scheduled to open for subscription on August 24, 2026.
When will Skyways Air IPO close?
The IPO subscription period is scheduled to end on August 27, 2026.
What is the Skyways Air IPO price band?
The price band has been fixed at ₹131 to ₹138 per equity share.
What is Skyways Air IPO lot size?
The minimum application size is 100 shares.
What is the minimum investment for Skyways Air IPO?
At the upper price of ₹138 per share, one lot of 100 shares requires an investment of ₹13,800.
What is the total size of Skyways Air IPO?
The IPO comprises approximately ₹582.80 crore, including a fresh issue of up to ₹398.80 crore and an offer for sale of approximately ₹184 crore.
How many shares are offered in Skyways Air IPO?
The total issue comprises 4,22,31,600 equity shares.
When will Skyways Air IPO allotment be finalized?
The basis of allotment is expected to be finalized on August 28, 2026.
When will Skyways Air shares be listed?
The tentative listing date is September 1, 2026 on both BSE and NSE.
Who is the registrar of Skyways Air IPO?
Bigshare Services Pvt. Ltd. is the registrar appointed for the Skyways Air IPO.
Who are the lead managers of Skyways Air IPO?
Holani Consultants Pvt. Ltd., Shannon Advisors Pvt. Ltd. and Dolat Finserv Pvt. Ltd. are the book running lead managers for the issue.
Where can I check Skyways Air IPO GMP?
You can check the latest grey market premium updates on the Skyways Air IPO GMP page on TradingMinds.
Disclaimer: This IPO article is intended only for general informational and educational purposes. It should not be treated as investment, financial or trading advice. IPO dates, issue details, price bands, allotment schedules and other information may change based on official announcements. Grey market premium figures are unofficial and can fluctuate substantially. Investors should carefully read the official IPO documents and evaluate the company’s business, financial position, valuation and risks before making any investment decision.
