- Price band
- ₹131–138per share
- Issue size
- ₹582.8 Cr4,22,31,600 shares
- Face value
- ₹10per equity share
- Lot size
- 100 sharesMin. ₹13,800 at the upper price
- Anchor biddingFri, 2026
- OpensMon, 2026
- ClosesThu, 2026
- AllotmentMon, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 2,88,98,300 shares (₹398.8 Cr)
- Offer for sale
- 1,33,33,300 shares (₹184 Cr)
- Total issue
- 4,22,31,600 shares (₹582.8 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail43.8%
- Anchor37.4%
- Small NII9.4%
- Big NII9.4%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 1,48,00,000 | 43.79% | 35% |
| Small NII (₹2–10 lakh) | 31,75,800 | 9.40% | — |
| Big NII (above ₹10 lakh) | 31,75,800 | 9.40% | — |
| Qualified institutional buyers (QIB) | 2,10,80,000 | 62.37% | 50% |
| Anchor investors | 1,26,48,000 | 37.42% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹138 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 100 | ₹13,800 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹3.56
- EPS (diluted)
- ₹3.56
- P/E (FY 2025-26 at cap price)
- 38.76×
- RoNW
- 12.33%
- NAV per share
- ₹28.91
- EBITDA margin
- 4.47%
- PAT margin
- 2.26%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 2,812.90 | 2,247.82 | 1,289.11 |
| Total income | 2,839.67 | 2,270.99 | 1,316.81 |
| EBITDA | 125.65 | 86.49 | 48.34 |
| Profit after tax | 63.52 | 48.14 | 34.49 |
| Net worth | 332.64 | 247.14 | 154.26 |
| Reserves and surplus | 216.20 | 134.71 | 143.82 |
| Total assets | 1,508.24 | 1,321.64 | 790.35 |
| Total borrowing | 624.06 | 558.43 | 357.34 |
FY 2025-26 vs FY 2024-25: revenue +25.1%, profit after tax +32.0%.
Source: ProspectusUpdated
About the company
The company provides air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo and value-added logistics services, largely through third-party carriers. It operates through a group of Indian and foreign subsidiaries and has developed several proprietary logistics technology platforms.
- Incorporated
- 1984
- Industry
- Logistics
- Sector
- Logistics and Transport
- CIN
- U74899DL1984PLC019666
- Website
- skyways-air.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| Yashpal Sharma | 46.49% | 32.35% | 71,20,690 |
| Tarun Sharma | 32.65% | 24.46% | 24,60,000 |
| Rohit Sehgal | 4.01% | 1.91% | 18,86,610 |
| Himanshu Chhabra | 3.45% | 1.48% | 18,66,000 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain borrowings of the company and its subsidiary Forin Container Line Private Limited | 216.79 |
| Funding incremental working capital requirements | 130.00 |
| General corporate purposes | 13.97 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Delhivery Ltd | ₹2.04 | 260.00× | 1.58% | ₹129.4 |
| TVS Supply Chain Solutions Ltd | ₹2.59 | 54.00× | 5.62% | ₹46.09 |
| Mahindra Logistics Limited | ₹0.25 | 1548.00× | 0.19% | ₹130.57 |
| Shadowfax Technologies Limited | ₹2.22 | 104.00× | 6.40% | ₹34.04 |
| Skyways Air Services LimitedIssuer | ₹3.56 | 38.76× | 12.33% | ₹28.91 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Ranked as a leading air freight forwarder by air waybills issued, per World ACD data cited in the document.
- Long operating history since 1984 with a multi-modal service range.
- Relationships with a broad set of airlines and global logistics networks.
- Group of subsidiaries across India and abroad supporting end-to-end services.
- Revenue and profit grew over the three years shown.
Risks
- Entire revenue depends on third-party carriers the company does not own.
- Freight rates and margins are sensitive to fuel prices, exchange rates and global trade volumes.
- Geopolitical conflicts and tariff policies may disrupt air and ocean freight demand.
- Heavy borrowings and high working capital needs, with current ratio near 1.2.
- Offer includes a sizeable offer for sale by promoters and other shareholders, so part of the proceeds go to sellers.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Skyways Air Services IPO open and close?
According to the Prospectus, the issue opens on Monday, 24 August 2026 and closes on Thursday, 27 August 2026.
What is the Skyways Air Services IPO price band?
The price band is ₹131–138 per share, with a face value of ₹10.
What is the lot size of the Skyways Air Services IPO?
One lot is 100 shares, which is ₹13,800 at ₹138 per share.
Where will Skyways Air Services shares list?
On NSE and BSE. The tentative listing date is Tuesday, 1 September 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Skyways Air Services IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 31 August 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹216.79 Cr for repayment or prepayment of certain borrowings of the company and its subsidiary Forin Container Line Private Limited, ₹130 Cr for funding incremental working capital requirements, ₹13.97 Cr for general corporate purposes.
Related IPOs
More logistics and transport IPOs
- Sampark India Logistics₹84Listed · 30 Jun – 2 Jul 2026
- Shadowfax Technologies₹124Listed · 20 Jan – 22 Jan 2026
- Shipwaves Online₹12Listed · 10 Dec – 12 Dec 2025
- Jayesh Logistics₹122Listed · 27 Oct – 29 Oct 2025
Also managed by Holani Consultants
All Holani Consultants IPOs →Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.