Skyways Air Services IPO- Complete Overview
Skyways Air Services IPO is a Mainboard IPO with an issue size of Rs. 582.80 Cr by Skyways Air Services Limited, which is a reputable logistics and freight forwarding business with more than 40 years of experience in the Indian air freight forwarding and logistics industry.
The company offers a wide range of logistical solutions, such as technology-driven express cargo and parcel delivery, trucking, warehousing, customs brokerage, air and ocean freight forwarding, and other value-added services.
For the last four calendar years, from 2022 to 2025, the company has continuously been listed as the top air freight forwarder in terms of AWBs created by World ACD, demonstrating its strong market position and global connectedness.
Strategic partnerships with top international airlines, such as Saudi Cargo, Air India Cargo, Emirates, and Lufthansa, as well as memberships in international logistics networks including WCA, AOP, C5C, MGLN, GFA, and TWIG, boost its operations.
This new IPO is to be launched on 24 Aug 2026, and its ‘initial public offering’ will end on 27 Aug 2026.
Skyways Air Services IPO Details
This Mainline IPO comprises a combination of a fresh issue of 2.89 crore shares (Rs. 398.80 Cr) and an offer for sale of 1.33 crore shares (Rs. 184 Cr). The Skyways IPO listing date (expected) might be Tuesday, Sep 01, 2026, and the listing on the BSE and SME.
The Skyways Air Services IPO price band is Rs. 131 to Rs. 138.
IPO Timetable (Tentative)
The Skyways IPO date is from 24 Aug to 27 Aug, with IPO allocation on Aug 28, refund initiation on Aug 31, and listing on Sep 01, 2026.
|
Events |
Date |
|
IPO Opening Date |
Aug 24, 2026 |
|
IPO Closing Date |
Aug 27, 2026 |
|
IPO Allotment Date |
Aug 28, 2026 |
|
Refund Initiation |
Aug 31, 2026 |
|
IPO Listing Date |
Sep 01, 2026 |
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview & Outlook
The sector was valued at USD 215 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 10.7%, reaching an estimated USD 357 billion by FY2026.
Company Financial
(Amount in Cr)
|
Period |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
1,508.24 |
1,321.64 |
790.35 |
|
Total Income |
2,839.67 |
2,270.99 |
1,316.81 |
|
Profit After Tax |
63.52 |
48.14 |
34.49 |
|
EBITDA |
125.65 |
86.49 |
48.34 |
|
NET Worth |
332.64 |
247.14 |
154.26 |
|
Reserves and Surplus |
624.06 |
558.43 |
357.34 |
|
Total Borrowing |
1,508.24 |
1,321.64 |
790.35 |
Cash Flows
The cash flows for various activities are shown below:
(Amount in Lakhs)
|
Net Cash Flow In Multiple Activities |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
11,361.60 |
201.05 |
(904.17) |
|
Net Cash Flow Investing Activities |
(17,911.15) |
(15,228.95) |
(13,101.29) |
|
Net Cash Flow Financing Activities |
5,208.21 |
22,148.70 |
15,534.08 |
Revenue Bifurcation
(Source RHP)
The Objective of the Issue
-
Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary, Forin Container Line Pvt.Ltd. ~ Rs. 216.79 Cr.
-
Funding incremental working capital requirements of the Company. ~ Rs. 130 Cr.
-
General Corporate Purposes.
Peers of Skyways Air Services
|
Name of the Company |
Face Value (₹ per share) |
EPS Basic (₹) |
P/E (x) |
|
Delhivery Ltd. |
1 |
2.04 |
260 |
|
TVS Supply Chain Solutions Ltd. |
1 |
2.59 |
54 |
|
Mahindra Logistics Limited |
10 |
0.25 |
1,548 |
|
Shadowfax Technologies Limited |
10 |
2.22 |
104 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 3.56 from the last year, the resulting P/E ratio is 38.76x.
The Lalithaa Jewellery Mart IPO application will be available from 17 August 2026.
Skyways Air Services IPO Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
14.15% |
|
ROCE |
18.11% |
|
RoNW |
12.33% |
|
PAT Margin |
2.26% |
|
EBITDA Margin |
4.47% |
Skyways Air Services share price
Skyways share price is not yet available as the company is in the IPO phase.
IPO's Strengths
-
More than 40 years of experience in the logistics and freight forwarding sector.
-
According to World ACD, the top air freight forwarder by AWBs for four years in a row.
-
Extensive selection of logistics solutions for roads, air, sea, warehouses, and customs.
-
Robust worldwide network with connections in global logistics and airline agreements.
-
Logistical operations powered by technology that facilitate scheduling, tracking, and workflow automation.
IPO's Weaknesses
-
Despite their expansion, many Indian airports still struggle with issues including outdated equipment, insufficient warehousing space, and poor cargo handling facilities. These restrictions may result in delays and higher operating expenses.
-
The quick flow of commodities is frequently hampered by complicated customs procedures and bureaucratic obstacles. Protracted clearance procedures can reduce the benefits of air freight's speed, which can impact the effectiveness of the supply chain as a whole.
-
Compared to other means of transportation, air freight is intrinsically more costly. Price-conscious consumers may be turned off by factors including fluctuating fuel prices, expensive airport fees, and maintenance expenditures.
Skyways Air Services IPO GMP Today
Skyways Air Services IPO GMP is Rs. 33 as of August 18, 2026, when this information was written. With the upper price band of Rs. 138, Skyways Air Services IPO's estimated listing price is Rs. 171. The expected listing gain/loss per share is 23.91%.
IPO Other Details
|
IPO Opening & Closing Date |
24 Aug 2026 to 27 Aug 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 131 to Rs. 138 |
|
Lot Size |
100 Shares |
|
Issue Size |
4,22,31,600 shares (Rs. 583 Cr) |
|
Offer for Sale |
1,33,33,300 shares (Rs. 184 Cr) |
|
Fresh Issue |
2,88,98,300 shares (Rs. 399 Cr) |
|
Listing At |
BSE, NSE |
|
Issue Type |
Book Built Issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Grey Market Premium
The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.
Skyways Air Services IPO Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (100 Shares) amounting to Rs. 13,800 and 14 Lots (1400 Shares) for Rs. 1,93,200, respectively, while for HNI investors, the minimum Lot is 15 (1500 Shares) amounting to Rs. 2,07,000.
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
14 Lots |
|
S-HNI (Minimum) |
15 Lots |
|
S-HNI (Maximum) |
72 Lots |
|
B-HNI (Minimum) |
73 Lots |
IPO Reservation
|
Institutional Share Portion |
50% |
|
Retail Investors' Share Portion |
35% |
|
Non-Institutional Shares Portion |
15% |
Promoters and Management of Skyways Air Services Ltd.
-
Yashpal Sharma
-
Tarun Sharma.
|
Pre-Issue Promoter Shareholding |
79.14% |
|
Post-Issue Promoter Shareholding |
56.82% |
IPO Lead Managers
Holani Consultants Pvt. Ltd.
Dividend Policy
The company has paid a dividend of Rs. 0.20, Rs. 0.80, and Rs. 1.44 during the last three FYs.
Conclusion
Skyways Air Services IPO shows strong revenue and profit growth, supported by a long operating history and an established position in air freight forwarding. However, investors should also consider its relatively thin margins, sector-specific cost pressures, and execution risks before applying.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
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