Skyways Air IPO
ListedMainboardOpens 24 August 2026Closes 27 August 2026
Skyways Air Services Limited (incorporated in 1984) is one of India's leading logistics and freight forwarding companies, providing integrated multi-modal transportation and supply chain solutions across domestic and…
Skyways Air Services Limited (incorporated in 1984) is one of India's leading logistics and freight forwarding companies, providing integrated multi-modal transportation and supply chain solutions across domestic and international markets. Its end-to-end service portfolio includes air freight forwarding, ocean freight forwarding, road transportation (trucking), express cargo and parcel delivery, warehousing, customs brokerage, and temperature-controlled cold-chain logistics near Indira Gandhi International Airport, New Delhi. The company operates a robust global partner network through affiliations with the World Cargo Alliance (WCA), Air & Ocean Partners (AOP), and Combined Logistics Networks (CLN), alongside strategic carrier partnerships with major airlines such as Air India Cargo, Saudi Cargo, Lufthansa, and Turkish Airlines.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
24 Aug
IPO Closes
27 Aug
Allotment
28 Aug
Listing
1 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 24 August 2026 |
| IPO Close Date | 27 August 2026 |
| Allotment Date | 28 August 2026 |
| Listing Date | 1 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹13,800 |
Retail (Max)Just less than ₹2,00,000 | 14 | ₹1,93,200 |
SHNI (Min)Just above ₹2,00,000 | 15 | ₹2,07,000 |
SHNI (Max)Below ₹10,00,000 | 72 | ₹9,93,600 |
BHNIAbove ₹10,00,000 | 73 | ₹10,07,400 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.01% |
| BHNI (Big Non-Institutional Investor) | 10.03% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- 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).
- Funding incremental working capital requirements of the Company (₹130.00 Cr).
- General Corporate Purposes.
Strengths
- Four decades of established operational legacy (since 1984) in the Indian and international logistics industry.
- Comprehensive multi-modal service suite offering air cargo, ocean freight, express logistics, cold-chain, and customs brokerage.
- Strong global connectivity via partnerships with leading cargo airlines (Air India, Lufthansa, Saudi Cargo) and global freight alliances (WCA, AOP, CLN).
- Technology-driven logistics execution using centralized TMS, control towers, and WMS platforms.
Weaknesses
- 100% dependency on third-party carriers for freight transportation without owning aircraft or vessels.
- Working capital-intensive model with heavy dependence on short-term debt financing (86.23% funded via borrowings in FY26).
- Geographic concentration with Asia contributing 85.51% of consolidated revenue in FY26.
- Exposure to freight rate fluctuations, fuel price volatility, and global macroeconomic/geopolitical disruptions.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 1,508.24 | 1,321.64 | 790.35 |
| Revenue (₹ Cr.) | 2,839.67 | 2,270.99 | 1,316.81 |
| PAT (₹ Cr.) | 63.52 | 48.14 | 34.49 |
| Net Worth (₹ Cr.) | 332.64 | 247.14 | 154.26 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Skyways Air Services | 4.77 | 38.76 | 12.33% | 332.64 |
| Shadowfax Technologies Ltd | 8.37 | 86.67 | 6.4% | 29.82 |
| Mahindra Logistics Ltd | 3.43 | 84.16 | 0.28% | 118.4 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.46x | 0.47x | 0.49x | 139.69x |
| NII | 0.92x | 2.58x | 6.91x | 87.24x |
| S-HNI | 1.53x | 4.01x | 9.88x | 79.04x |
| B-HNI | 0.61x | 1.86x | 5.43x | 91.33x |
| RII | 1.66x | 3.54x | 6.97x | 25.4x |
| Total | 1.16x | 2.46x | 5.11x | 71.25x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 84,32,000 | 1,17,78,54,000 | 16,254.39 |
| NII | 63,51,600 | 55,40,86,200 | 7,646.39 |
| Small NII | 21,17,200 | 16,73,40,700 | 2,309.3 |
| Big NII | 42,34,400 | 38,67,45,500 | 5,337.09 |
| RII | 1,48,00,000 | 37,59,70,500 | 5,188.39 |
| Total | 2,95,83,600 | 2,10,79,10,700 | 29,089.17 |
Company Details
- Skyways Air Services Limited
- RZ 128-129A, Mahipalpur Extension NH-8, New Delhi, Delhi, India, 110037
- +91 99107 91501
- cs@skyways-group.com
- https://www.skyways-air.in/
Registrar Details
- Bigshare Services Private Limited
- +91 22 6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com/
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Skyways Air IPO News & Updates
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Sources
We match Skyways Air IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.