Skyways Air Services IPO
GMP, Subscription, Price, Dates & Financial Details
Logistics
Skyways Air Services Limited (SASL), incorporated in 1984, is one of India’s leading air freight forwarding and integrated logistics service providers. The company offers a comprehensive range of logistics solutions, including air freight forwarding, ocean freight forwarding, trucking, warehousing,…
Open Date
Mon, 24 Aug 2026
Close Date
Wed, 26 Aug 2026
Price Band
₹ 131 – 138
Lot Size
100
Issue Size
₹ 582.80 Cr
Minimum Investment
₹ 13,800 (100 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Skyways Air Services IPO is set to open its Initial Public Offering (IPO) for subscription on August 24, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹583 Crore, comprising a fresh issue of 2.89 Crore equity shares aggregating to ₹398.80 Crore and an offer for sale (OFS) of 1.33 Crore equity shares aggregating to ₹184.00 Crore by the existing shareholders.
The Skyways Air Services IPO will open for subscription on August 24, 2026, and close on August 26, 2026. The basis of allotment is expected to be finalized on August 27, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 31, 2026.
The company has fixed the price band at ₹131 to ₹138 per share, with a lot size of 100 shares. Retail investors will require a minimum investment of ₹13,800 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd is the registrar to the issue. Holani Consultants Private Limited, Shannon Advisors Private Limited, and Dolat Finserv Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Skyways Air Services IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on August 26, 2026.
Skyways Air Services IPO Timeline (Tentative)
- IPO Open Date
- Mon, 24 Aug 26
- IPO Close Date
- Wed, 26 Aug 26
- Basis of Allotment
- Thu, 27 Aug 26
- Initiation of Refunds
- Fri, 28 Aug 26
- Credit of Shares to Demat
- Fri, 28 Aug 26
- Listing Date
- Mon, 31 Aug 26 — NSE & BSE
Open Date
24 August 2026
Close Date
26 August 2026
Basis Of Allotment
27 August 2026
Listing Date
31 August 2026
IPO Subscription
Check Live Subscription →The Skyways Air Services IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 24 August 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,48,00,000 shares, representing 35.04% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 84,32,000 shares (19.97%), while Non-Institutional Investors (NIIs) receive 63,51,600 shares (15.04%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 12,648,000 | 29.95% |
| Qualified Institutions | 8,432,000 | 19.97% |
| Non-Institutional | 6,351,600 | 15.04% |
| BNII | 4,234,400 | 10.03% |
| SNII | 2,117,200 | 5.01% |
| Retail Investors | 14,800,000 | 35.04% |
| Total | 42,231,600 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1508.24 | 1321.64 | 790.35 |
| Revenue | 2839.67 | 2270.99 | 1316.81 |
| Profit After Tax | 63.52 | 48.14 | 34.49 |
| Net Worth | 332.64 | 247.14 | 154.26 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 624.06 | 558.43 | 357.34 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Skyways Air Services Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 14.15 | 19.52 | 22.37 |
| ROCE % | 18.11 | 14.61 | 15.57 |
| RoNW % | 12.33 | 15.85 | 20.26 |
| Pat Margin % | 2.26 | 2.14 | 2.68 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Skyways Air Services Ltd | 10 | 0 | 3.56 | 3.56 | 12.33 | 28.91 |
| Delhivery Limited | 1 | 260 | 2.04 | 2 | 1.58 | 129.4 |
| TVS Supply Chain Solutions Ltd | 1 | 54 | 2.59 | 2.59 | 5.62 | 46.09 |
| Mahindra Logistics Ltd | 10 | 1548 | 0.25 | 0.25 | 0.19 | 130.57 |
| Shadowfax Technologies Ltd | 10 | 104 | 2.22 | 2.18 | 6.4 | 34.04 |
About Skyways Air Services Limited
Skyways Air Services Limited (SASL), incorporated in 1984, is one of India’s leading air freight forwarding and integrated logistics service providers. The company offers a comprehensive range of logistics solutions, including air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-enabled express cargo and parcel delivery services.
Over the years, SASL has developed a strong reputation for delivering end-to-end logistics solutions supported by a robust operational network and advanced IT systems. Its services include logistics planning and management, cargo handling operations, warehousing and inventory management, documentation processing, customs clearance, and distribution management, enabling efficient movement of goods across domestic and international markets.
The company operates on a technology-driven logistics platform that enhances operational efficiency, shipment tracking, and supply chain visibility for customers. To strengthen its international reach, SASL maintains a strong global network through alliances and memberships with several leading logistics organizations, including:
- World Cargo Alliance (WCA)
- Air & Ocean Partners (AOP)
- Combined Logistics Networks (CLN)
- Multi Group Logistics Network (MGLN)
- Global Freight Alliance (GFA)
- Transport Worldwide International Group (TWIG)
Skyways Air Services Limited also maintains performance-based agreements with major international airlines, such as Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa, enabling reliable connectivity and efficient cargo movement across key global trade routes.
The company has evolved into a multi-modal logistics provider, integrating air, ocean, road, and express delivery services to offer seamless supply chain solutions. Additionally, SASL operates cold storage facilities near Indira Gandhi International Airport, designed specifically for pharmaceuticals and other temperature-sensitive cargo, further expanding its specialized logistics capabilities.
As of September 30, 2025, Skyways Air Services Limited and its subsidiaries employed 1,164 people, compared with 1,163 employees as of March 31, 2025, 950 employees as of March 31, 2024, and 840 employees as of March 31, 2023, reflecting the company’s steady growth and expanding operational footprint.
Skyways Air Services IPO Promoters
- Mr. Yashpal Sharma
- Mr. Tarun Sharma
Promoters Holding
Holding Pre Issue
79.14%
Holding Post Issue
56.82%
Skyways Air Services IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company and our Subsidiary “Forin Container Line Private Limited”.
- Funding incremental working capital requirements of our Company
- General corporate purposes
Skyways Air Services Limited Address / Contact Details
Skyways Air Services Ltd.
RZ 128-129A,
Mahipalpur Extension
NH-8,
Delhi, New Delhi, 110037
Tel No: +91 – 9910791501
Email: cs@skyways-group.com
Website: www.skyways-air.in
IPO Snapshot
Skyways Air Services IPO Lot Size
The Skyways Air Services IPO has a lot size of 100 shares. Retail investors require a minimum investment of ₹13,800 by applying for 1 lot (100 shares). The maximum application allowed for the retail category is 14 lots (1,400 shares), requiring an investment of ₹1,93,200.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | 13,800.00 |
| Retail (Max) | 14 | 1,400 | 193,200.00 |
| S-HNI (Min) | 15 | 1,500 | 207,000.00 |
| S-HNI (Max) | 72 | 7,200 | 993,600.00 |
| B-HNI (Min) | 73 | 7,300 | 1,007,400.00 |
Issue Reservation
- Anchor Investors — 29.95%
- QIB — 19.97%
- NII — 15.04%
- RII — 35.04%
Book Running Lead Managers
- Holani Consultants Private Limited
- Shannon Advisors Private Limited
- Dolat Finserv Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Skyways Air Services IPO?
Skyways Air Services IPO is a Book-building IPO with a total issue size of ₹582.8 crore. The Skyways Air Services IPO price band is ₹131 to 138 per share. The Skyways Air Services IPO subscription opens on Mon, Aug 24, 2026, and closes on Wed, Aug 26, 2026. The Skyways Air Services IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Skyways Air Services IPO.
When will the Skyways Air Services IPO open for subscription?
The Skyways Air Services IPO opens on Mon, Aug 24, 2026 and closes on Wed, Aug 26, 2026
What is Skyways Air Services IPO Price Band?
Skyways Air Services IPO Price Band is ₹131 to 138 per share.
What is Skyways Air Services IPO Lot Size?
Skyways Air Services IPO lot size is 100 shares, Retail investors need a minimum investment of ₹13800 based on the upper price band
What is the minimum investment for Skyways Air Services IPO?
The minimum investment for Skyways Air Services IPO is ₹13800, based on one lot of 100 shares at the upper price band of ₹138 per share.
How to apply for Skyways Air Services IPO?
Investors can apply for the Skyways Air Services IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 26, 2026. The application amount remains blocked until the Skyways Air Services IPO allotment is finalized.
What is Skyways Air Services IPO Issue Size?
Skyways Air Services IPO issue size is ₹582.8 crores.
What is the Skyways Air Services IPO Allotment Date?
Skyways Air Services IPO allotment date is Thu, Aug 27, 2026.
Who is the Skyways Air Services IPO Registrar?
The registrar for Skyways Air Services IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Skyways Air Services IPO allotment status, refund processing, and other IPO-related information.
What is the Skyways Air Services IPO GMP?
The Skyways Air Services IPO GMP (Grey Market Premium) is ₹28 as of Fri, Aug 14, 2026. Based on the upper price band of ₹138 per share, the estimated Skyways Air Services IPO listing price is ₹166, indicating a potential listing gain of approximately 20.29% over the issue price.
Who is the Skyways Air Services IPO Lead Manager?
The book-running lead managers (BRLMs) for the Skyways Air Services IPO are Shannon Advisors Private Limited, and Dolat Finserv Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Skyways Air Services IPO Red Herring Prospectus (RHP).