Skyways Air Services Ltd. IPO Details
Skyways Air Services was incorporated on December 21, 1984. The company offers end-to-end logistics services including freight forwarding, trucking, warehousing, express delivery, and custom broking. With 40+ years of experience, it has built an integrated logistics network serving both domestic and international markets
| Bidding Dates |
|---|
| 24 Aug 2026 - 27 Aug 2026 |
| Subscription |
|---|
| 2.46x Oversubscribed |
| Check Allotment Status |
|---|
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,100 | 1 | 14 | 100 | 42.2 M | ₹131 - ₹138 | 56.82 % | ₹5532.3 M - ₹5828.0 M | RHP DOC |
Skyways Air Services IPO SUBSCRIPTION STATUS
25 Aug '26Skyways Air Services IPO overall subscription rate was 2.46 times the total available shares
Skyways Air Services IPO retail subscription rate was 3.54 times in the retail segment
Skyways Air Services IPO non-institutional investor subscription rate was 2.58 times in the non-institutional investor category
Skyways Air Services IPO Qualified Institutional Bidder subscription rate was 0.47 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Aug 2026 (Day 2) | 3.54x | 2.58x | 0.47x |
24 Aug 2026 (Day 1) | 1.65x | 0.92x | 0.46x |
Skyways Air Services FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 2,812.9 | 63.5 | 113.6 | 55.1 | 4.5% |
| FY25 | 2,247.8 | 48.1 | 2.0 | -56.9 | 3.9% |
| FY24 | 1,289.1 | 34.5 | -9.0 | -65.5 | 3.8% |
Skyways Air Services IPO SUBSCRIPTION STATUS DETAILS
Skyways Air Services has 42.2 M shares on offer
Skyways Air Services IPO offer price is in the range ₹131 - ₹138
Skyways Air Services IPO minimum Investment is ₹13100
Skyways Air Services IPO issue size is ₹ 5532.3 M - ₹ 5828.0 M
Skyways Air Services has a minimum lot size of 100 Shares per application
Skyways Air Services NUMBER OF SHARES ON OFFER
Skyways Air Services IPO IMPORTANT DATES
| Issue Open Date | 24 Aug 2026 |
| Issue close Date | 27 Aug 2026 |
| Allotment Date | 28 Aug 2026 |
| Refund Date | 31 Aug 2026 |
| Demat Account Credit Date | 31 Aug 2026 |
| Listing Date | 01 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Skyways Air Services Allotment Status | Exchange/ Registrar |
Skyways Air Services IPO subscription opens on 24 Aug 2026, and closes on 27 Aug 2026
IPO allotment for Skyways Air Services is expected to be finalized on Friday, 28 Aug 2026
IPO listing for Skyways Air Services will be on NSE and BSE on Tuesday, 01 Sep 2026
Skyways Air Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Skyways Air Services Ltd. | 138 | 2005.7 | 48.9 | 10.3 | 0.7 | 12.3 | 2.7 | 2839.7 | 25 | 41 | 4.8 | 2.8 | 4.8 |
| Container Corporation of India Ltd. | 516 | 39299.5 | 31.6 | -7.4 | 4.3 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 448 | 33558.9 | 358.8 | -6.8 | 3 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 256.9 | 15068.8 | 89.1 | 3.2 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 4994.5 | 11850.9 | 41.3 | 2.6 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| LEAP India Ltd. | 158.3 | 6974.1 | 9 | 2.6 | 747.4 | 54.1 | 62.3 | 66 |
Skyways Air Services IPO Reports
Skyways Air Services INFORMATION ON IPO ISSUE
About Skyways Air Services
Skyways Air Services was incorporated on December 21, 1984. The company offers end-to-end logistics services including freight forwarding, trucking, warehousing, express delivery, and custom broking. With 40+ years of experience, it has built an integrated logistics network serving both domestic and international markets
Object of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary “Forin Container Line Private Limited”
- Funding incremental working capital requirements of the company
- General corporate purposes
Skyways Air Services - PROMOTERS
| Name |
|---|
| Yashpal Sharma |
| Tarun Sharma |
Skyways Air Services - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Yashpal Sharma | Chairman & Managing Director |
| Tarun Sharma | Whole-Time Director |
| Himanshu Chhabra | Whole – Time Director & CFO |
| Rohit Sehgal | Whole – Time Director |
| Rajiv Gul Hariramani | Whole – Time Director |
| Subir Bikas Mitra | Independent Director |
| Rupinder Kaur | Independent Director |
| Ranjit Kumar Pachnanda | Independent Director |
| Rajni | Independent Director |
| Santosh Ramanuj Tiwari | Independent Director |
Skyways Air Services Book Running Lead Manager
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
Shannon Advisors Private Limited
pavan@shannon.co.in
Dolat Finserv Private Limited
skyways.ipo@dolatfinserv.com
Skyways Air Services Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Skyways Air Services Strengths
Diversified logistics solutions
The company offers end-to-end logistics services including air, ocean, and express cargo, customs clearance, heavy goods transport, warehousing, and supply chain software. Its broad service portfolio is a key competitive advantage
Airline partnerships
The company has built long-term partnerships with major airlines, enabling preferred capacity, competitive rates, and reliable service, even during peak demand. These relationships are key to its strong air freight operations
Diversified client base
The company serves clients across industries such as textiles, FMCG, electronics, automotive, and healthcare, offering tailored logistics solutions that meet sector-specific supply chain needs
Skyways Air Services Risks
Cost & service volatility
The company’s reliance on carriers for cargo transport exposes it to risks like capacity shortages, cost changes, and service disruptions, which can significantly impact its revenue and financial performance
Trade volume fluctuations & macroeconomic factors
The company’s performance is closely tied to global and Indian trade volumes, which are influenced by economic, financial, political conditions, and freight rates—factors beyond its control
Capital intensive
The company relies heavily on borrowings to meet its working capital needs. Difficulty in securing such loans on favorable terms could negatively impact its business, financial health, and operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 184.0 crore, of 13,333,300 shares. It also consists of a fresh issue of Rs 398.8 crore.
The promoters of the company are Yashpal Sharma and Tarun Sharma.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 131.0 - 138.0.
The IPO application opens on Aug 24, 2026 and closes on Aug 27, 2026.
The minimum lot size for the IPO is 100. The maximum lot size for the IPO is 1400.
For all category investors, the minimum application amount for this IPO is Rs. 13,100.0, the maximum value for this IPO is Rs 193,200.0.
This IPO will be allotted on Aug 28, 2026.
The refund will be credited to your account on Aug 31, 2026.
The allotted shares will be credited to your demat on Aug 31, 2026.
Skyways Air Services Ltd.’s shares will list on the stock exchanges on Sep 01, 2026.