SA
Skyways Air Services Limited IPO
Air Freight Forwarding · Multi-Modal Logistics · Warehousing · Supply Chain Solutions
📋 Mainline IPO
Fresh + OFS
NSE, BSE
₹138
Upper Price
₹582.80 Cr
Issue Size
Sep 1, 2026
Listing Date
₹1,606.94 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Monday, 24 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 27 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 28 August 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 31 August 2026
Unallotted funds returned; shares credited to demat
🏷️
Tuesday, 1 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date24 August 2026 (Mon)
IPO Close Date27 August 2026 (Thu)
Listing Date1 September 2026 (Tue)
Face Value₹10 per share
Price Band₹131 to ₹138
Issue Price (Upper Band)₹138 per share
Issue TypeBook Build — Fresh + OFS
Lot Size100 shares
Total Issue Size4,22,31,600 shares (₹582.80 Cr)
Fresh Issue2,88,98,300 shares (₹398.80 Cr)
Offer for Sale (OFS)1,33,33,300 shares (₹184.00 Cr)
Pre-Issue Shares11,64,45,244
Post-Issue Shares14,53,43,544
Promoter Holding (Pre)79.14%
Market Cap (Pre-IPO)₹1,606.94 Cr
Listing ExchangeNSE, BSE
Lead ManagerHolani Consultants, Shannon, Dolat
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹138| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 100 | ₹13,800 |
| Retail — Maximum | 14 | 1,400 | ₹1,93,200 |
| S-HNI (sNII) — Min | 15 | 1,500 | ₹2,07,000 |
| S-HNI (sNII) — Max | 72 | 7,200 | ₹9,93,600 |
| B-HNI (bNII) — Min | 73 | 7,300 | ₹10,07,400 |
⚠️ Note: Investors can bid for a minimum of 100 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net Offer49.92% (2.11 Cr Sh)
QIB Portion
35.04% (1.48 Cr Sh)
Retail Portion
15.04% (63.52 L Sh)
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 1,508.24 | 1,321.64 | 790.35 |
| Total Income | 2,839.67 | 2,270.99 | 1,316.81 |
| PAT | 63.52 | 48.14 | 34.49 |
| EBITDA | 125.65 | 86.49 | 48.34 |
| Net Worth | 332.64 | 247.14 | 154.26 |
| Total Borrowing | 624.06 | 558.43 | 357.34 |
Income Growth
FY 2023–24₹1,316.81 Cr
FY 2024–25₹2,270.99 Cr
FY 2025–26₹2,839.67 Cr
🎯 Key Performance Indicators
14.15%
ROE
FY 2025–26
1.88
Debt/Equity
FY 2025–26
18.11%
ROCE
FY 2025–26
2.26%
PAT Margin
FY 2025–26
4.47%
EBITDA Margin
FY 2025–26
12.33%
RoNW
FY 2025–26
4.77x
Price/Book
FY 2025–26
No. 1
Air Freight Rank
World ACD
⚖️ Valuation & EPS
Pre-IPO EPS
₹5.46
FY26 earnings + pre-issue shares
P/E: 25.27xPost-IPO EPS
₹4.37
FY26 earnings + post-issue shares
P/E: 31.58xPrice to Book Value
4.77x
At upper price band ₹138
Market Cap (Pre-IPO)
₹1,606.94 Cr
At issue price ₹138
ℹ️
Pre-IPO EPS (₹5.46) based on pre-issue shares (11,64,45,244) and FY26 earnings. Post-IPO EPS (₹4.37) accounts for the dilution resulting from the issuance of 2,88,98,300 fresh equity shares extending the total post-issue equity to 14,53,43,544 shares. Post-IPO Market Cap expands to ₹2,005.74 Cr.
🎯 Objects of the Issue
Net proceeds utilisation1
Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by 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
Total Fresh Issue Goal
₹346.79 Cr
🏢 About Skyways Air Services Ltd.
Est. 1984 · New Delhi · Logistics & Freight ForwardingSkyways Air Services Limited (SASL), incorporated in December 1984, is one of India’s foremost logistics and freight forwarding enterprises with over four decades of operational excellence. Having evolved from a Custom House Agent into a fully integrated multi-modal logistics powerhouse, the company provides end-to-end supply chain infrastructure encompassing air and ocean freight forwarding, road transportation, contract warehousing, customs broking, and express cargo delivery.
The company holds an undisputed market leadership position, consistently ranked the No. 1 Air Freight Forwarder by AWBs generated according to World ACD for four consecutive years (2022–2025). Supported by long-standing alliances with leading global carriers (Emirates, Lufthansa, Air India Cargo, Saudi Cargo) and global freight network memberships (WCA, AOP, C5C), Skyways leverages proprietary technological platforms like SLS HIKE, SLS 100X, and Cargo Dash to streamline real-time booking, automated documentation, and live shipment tracking.
Brand Ecosystem
✈️
Air & Ocean Freight
India’s top air cargo forwarder backed by premier international airline alliances
🚚
Express Cargo & Surface
Nationwide trucking networks, express parcel logistics, and bonded road transport
🏥
Warehousing & Customs
Comprehensive 3PL storage, customs clearance, and specialized cargo handling
💻
Proprietary Tech Stack
In-house digital platforms including SLS 100X and Cargo Dash for live workflow tracking
Competitive Strengths
🏆Ranked No. 1 Air Freight Forwarder by AWBs generated for four consecutive years (World ACD)
🌐Extensive global footprint powered by premier international carrier partnerships and logistics networks
⚙️Four decades of domain pedigree providing end-to-end multi-modal supply chain infrastructure
📈Robust financial expansion with revenue growing 25% and profit after tax increasing 32% in FY26
Company Promoters
YS
Yashpal Sharma
Promoter, Skyways Air Services Ltd.
TS
Tarun Sharma
Promoter, Skyways Air Services Ltd.
📅 Key Dates
IPO Opens24 Aug 2026
IPO Closes27 Aug 2026
Allotment28 Aug 2026
Refund & Share Credit31 Aug 2026
Listing Day01 Sep 2026
💡 Quick Summary
Price Band₹131 – ₹138
Upper Price₹138 / share
Lot Size100 shares
Min. Investment (Retail)₹13,800
Issue Size₹582.80 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Holani Consultants Pvt.Ltd.
📍 Registered Address
Skyways Air Services Ltd.
RZ 128-129A, Mahipalpur Extension,
NH-8, Delhi,
New Delhi — 110037
📞 9910791501
[email protected]
RZ 128-129A, Mahipalpur Extension,
NH-8, Delhi,
New Delhi — 110037
📞 9910791501
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Skyways Air Services IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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