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IPO Open

Mon, Aug 24, 2026

IPO Close

Thu, Aug 27, 2026

Price Band

To be declared

Market Cap (Pre-IPO)

To be declared

IPO Details

  • IPO Date
    24 to 27 Aug, 2026
  • Listing Date
    Tue, Sep 1, 2026
  • Face Value
    ₹10 per share
  • Price Band
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    4,22,31,600 shares (agg. up to ₹[.] Cr)
  • Fresh Issue
    2,88,98,300 shares (agg. up to ₹[.] Cr)
  • Offer for Sale
    1,33,33,300 shares of ₹10 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    11,64,45,244 shares
  • Share Holding Post Issue
    14,53,43,544 shares

IPO Timetable (Tentative)

  • IPO Open
    Mon, Aug 24, 2026
  • Allotment
    Fri, Aug 28, 2026
  • Credit of Shares
    Mon, Aug 31, 2026
  • IPO Close
    Thu, Aug 27, 2026
  • Refund
    Mon, Aug 31, 2026
  • Listing
    Tue, Sep 1, 2026

Issue Reservation

Skyways Air IPO comprises a total issue size of 4,22,31,600 shares. Out of which, 2,10,80,000 (49.92%) are allocated to QIB, 63,51,600 (15.04%) allocated to NII 1,48,00,000 (35.04%) allocated to RII.

Investor Category Shares % of Total Issue
QIB 2,10,80,000 49.92%
  − Anchor Investor 1,26,48,000 29.95%
  − QIB (Ex. Anchor) 84,32,000 19.97%
NII (HNI) 63,51,600 15.04%
  − bNII > ₹10L 42,34,400 10.03%
  − sNII < ₹10L 21,17,200 5.01%
Retail 1,48,00,000 35.04%
Total 4,22,31,600 100.00%

About Skyways Air Services Ltd.

Incorporated in December 1984, Skyways Air Services Limited (SASL) is a well-established logistics and freight forwarding company with over four decades of experience in India’s air freight forwarding and logistics sector. The Company provides a comprehensive range of logistics solutions, including air and ocean freight forwarding, trucking, warehousing, customs broking, technology-driven express cargo and parcel delivery, and other value-added services. It has evolved from a Custom House Agent into a multi-modal logistics service provider offering end-to-end supply chain solutions across domestic and international markets.

The Company has a strong market position and global connectivity, being consistently ranked No. 1 Air Freight Forwarder in terms of AWBs generated by World ACD for the last four calendar years from 2022 to 2025. Its operations are supported by strategic alliances with leading international airlines, including Saudi Cargo, Air India Cargo, Emirates and Lufthansa, along with memberships in global logistics networks such as WCA, AOP, C5C, MGLN, GFA and TWIG. The Company has also developed proprietary technology platforms such as SLS HIKE, SLS 100X, SLS 100X 2.0, Cargo Dash, Skart-Edge and the upcoming ASAP platform to support freight booking, shipment tracking, workflow automation, documentation and operational reporting.

As of June 30, 2026, the Company had 320 employees across top-level management, accounts and finance, HR and administration, global logistics and corporate strategy, sales and marketing, and operations. The Company also has a broader employee base of 1,193 employees across the Company and its subsidiaries as of March 31, 2026. Its technology subsidiary, sGate Tech Solutions Private Limited, further supports the digital transformation of its logistics operations.

Strengths

  • Over four decades of experience in the freight forwarding and logistics industry.
  • No. 1 Air Freight Forwarder by AWBs generated for four consecutive years, as per World ACD.
  • Comprehensive range of air, ocean, road, warehousing and customs logistics solutions.
  • Strong international network through airline partnerships and global logistics affiliations.
  • Technology-enabled logistics operations supporting booking, tracking and workflow automation.
  • Long-standing relationships with a diverse customer base.
  • Experienced promoters and management team with strong industry expertise.
  • Integrated logistics infrastructure providing end-to-end supply chain solutions.

Company Financials (Restated Consolidated)

Skyways Air Services Ltd.’s revenue increased by 25% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

Period Ended 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
Total Borrowing 624.06 558.43 357.34

Recently Listed IPOs in Logistics Solution Provider

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Shadowfax Technologies Ltd. Mainboard ₹1,907.27 Cr ₹124 1017.96 ₹109.98 -11.31% ₹247.39
Om Freight Forwarders Ltd. Mainboard ₹122.31 Cr ₹135 19.56 ₹85.57 -36.61% ₹95.89
Glottis Ltd. Mainboard ₹307.00 Cr ₹129 18.38 ₹83.70 -35.12% ₹65.39

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    IPO Objects of the Issue

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 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
  • 3 Funding incremental working capital requirements of the Company.
    130.00
  • 3 General Corporate Purposes
  • Total
    346.79

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Mar 31, 2025
ROE 14.15% 19.52%
ROCE 18.11% 14.61%
RoNW 12.33% 15.85%
PAT Margin 2.26% 2.14%
EBITDA Margin 4.47% 3.85%
NAV 28.91 23.40

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 5.46 4.37

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 79.14% 56.82%
Public 20.86% 43.18%
Total 100% 100%

Company Promoters: Yashpal Sharma and Tarun Sharma.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered
Yashpal Sharma Promoter 71,20,690
Tarun Sharma Promoter 24,60,000
Himanshu Chhabra Other 18,66,000
Rohit Sehgal Other 18,86,610
Total 1,33,33,300

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Holani Consultants Pvt.Ltd.
  2. Shannon Advisors Pvt.Ltd.
  3. Dolat Finserv Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Skyways Air Services Ltd. Address
RZ 128-129A,
Mahipalpur Extension
NH-8,
Delhi, New Delhi, 110037

IPO FAQs

Skyways Air IPO is a main-board IPO of 4,22,31,600 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The IPO opens on Mon, Aug 24, 2026, and closes on Thu, Aug 27, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Skyways Air IPO using UPI as a payment gateway. Angel One customers can apply in Skyways Air IPO by login into Angel OneConsole (back office) and submitting an IPO application form.

Steps to apply in Skyways Air IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Skyways Air IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Skyways Air IPO opens on Mon, Aug 24, 2026 and closes on Thu, Aug 27, 2026.

Skyways Air IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Skyways Air IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Skyways Air IPO will be done on Friday, August 28, 2026, and the allotted shares will be credited to your demat account by Mon, Aug 31, 2026. Check the Skyways Air IPO allotment status.

The Skyways Air IPO listing date is not yet announced. The tentative date of listing is Tue, Sep 1, 2026.

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