Skyways Air Services IPO: Skyways Air Services Limited (SASL), a well-known logistics and freight forwarding company with over four decades of experience in the air freight forwarding and logistics sector in India, has launched its IPO in the market, with an aim to raise ₹582.80 crore. Skyways Air Services IPO will open for subscription on August 24, 2026, and close August 27, 2026.
Skyways Air Services IPO is a book build issue of 4,22,31,600 shares (₹582.80 Cr.). The issue is a combination of a fresh issue of 2,88,98,300 shares (₹398.80 Cr.) and an offer for sale of 1,33,33,300 shares (₹184.00 Cr.).
The price band for Skyways Air Services IPO is ₹ to ₹ per share. The minimum application size is 1 lot ( shares), requiring a retail investor to invest at least ₹ (based on the upper price band).
Skyways Air Services IPO Details
| Open Date | August 24, 2026 |
| Close Date | August 27, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹131.00 – ₹138.00 Per Share |
| Listing On | BSE, NSE |
| Issue Size | ₹582.80 Cr. (4,22,31,600 Shares) |
| Fresh Issue | ₹398.80 Cr. (2,88,98,300 Shares) |
| Offer For Sale | ₹184.00 Cr. (1,33,33,300 Shares) |
| Prospectus | RHP | Anchor Investors |
Skyways Air Services IPO Reservation
| Category | Total Issue | Shares Offered |
|---|---|---|
| QIB | 49.92% | 2,10,80,000 |
| NII | 15.04% | 63,51,600 |
| RII | 35.04% | 1,48,00,000 |
| Total | 100.00% | 4,22,31,600 |
Skyways Air Services IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 100 | ₹13,800 |
| Retail Maximum | 14 | 1,400 | ₹1,93,200 |
| S-HNI Minimum | 15 | 1,500 | ₹2,07,000 |
| S-HNI Maximum | 72 | 7,200 | ₹9,93,600 |
| B- HNI Minimum | 73 | 7,300 | ₹10,07,400 |
Key Performance Indicator
| KPI (March 31, 2026) | Value |
| Market Capitalisation | ₹2,000.05 Cr. (On Upper Price) |
| P/E Ratio | — |
| EPS | ₹5.46 |
| ROE | 14.15% |
| ROCE | 18.11% |
| RoNW | 12.33% |
| Dept/Equity | — |
| EBITDA Margin | 4.47% |
| PAT Margin | 2.26% |
| Net Assets Value | ₹28.91 |
| Price To Book Value | — |
Skyways Air Services IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Delhivery Limited | 260.00x | ₹2.04 | 1.58% | ₹129.40 |
| Tvs Supply Chain Solutions Limited | 54.00% | ₹2.59 | 5.62% | ₹46.09 |
| Mahindra Logistics Limited | 1,548.00x | ₹0.25 | 0.19% | ₹130.57 |
| Shadowfax Technologies Limited | 104.00x | ₹2.22 | 6.40% | ₹34.04 |
Skyways Air Services IPO Dates
| Open Date | August 24, 2026 |
| Close Date | August 27, 2026 |
| Allotment Date | August 28, 2026 |
| Refund Date | August 31, 2026 |
| Share Credit Date | August 31, 2026 |
| Listing Date | September 01, 2026 |
Skyways Air Services Limited Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Total Borrow |
|---|---|---|---|---|---|---|---|
| March 2026 (Consolidated) | ₹1,508.24 Cr. | ₹2,839.67 Cr. | ₹2,751.10 Cr. | ₹332.64 Cr. | ₹63.52 Cr. | ₹125.65 Cr. | ₹624.06 Cr. |
| March 2025 (Consolidated) | ₹1,321.64 Cr. | ₹2,270.99 Cr. | ₹2,204.16 Cr. | ₹247.14 Cr. | ₹48.14 Cr. | ₹86.49 Cr. | ₹558.43 Cr. |
| March 2024 (Consolidated) | ₹790.35 Cr. | ₹1,316.81 Cr. | ₹1,268.43 Cr. | ₹154.26 Cr. | ₹34.49 Cr. | ₹48.34 Cr. | ₹357.34 Cr. |
Company Promoters
- Yashpal Sharma
- Tarun Sharma
| Holding Pre Issue | 11,64,45,244 Shares | 79.14% |
| Holding Post Issue | 14,53,43,544 Shares | 56.82% |
Skyways Air Services IPO Lead Managers
- Holani Consultants Private Limited
- Shannon Advisors Private Limited
- Dolat Finserv Private Limited
Skyways Air Services IPO Registrar
Bigshare Services Private Limited
Telephone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
About Skyways Air Services Limited
Skyways Air Services Limited (SASL), established in 1984, has been a long-standing participant in India’s air freight forwarding and logistics sector. The company has consistently been ranked the No. 1 Air Freight Forwarder by World ACD in terms of AWB generation for the past four calendar years: 2025, 2024, 2023, and 2022 (Source: World ACD Market Data).
This means that the company handles the largest number of air cargo consignments from India to the world. It is actively engaged in providing a wide range of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, customs brokerage, technology-based express cargo and parcel delivery, and a wide range of value-added services (VAS), to meet the diverse needs of its clients in the domestic and international markets.
To continuously expand its business, it has incorporated several specialized technology products into its operations. These platforms support freight booking, shipment tracking, workflow automation and operational reporting, aimed at improving operational efficiency and enhancing customer satisfaction across the logistics value chain.
The company began its operations as a Customs House Agent (CHA), now known as a Customs Broker License holder, and has gradually expanded its services over the years to meet changing market needs and international trade. With over four decades of industry experience, the company has built a well-connected logistics infrastructure that provides end-to-end support across the supply chain.
Its value-added services include:
- Logistics planning and management, facilitated through a robust, IT-enabled operational model
- Logistics solutions, designed to accommodate varied cargo movement requirements
- Cargo handling operations, ensuring timely and secure processing of shipments
- Warehousing solutions, supporting storage, inventory management and last-mile distribution
- Documentation and customs clearance services, ensuring regulatory compliance across borders
- Global connectivity and operational reach, supported by strategic international tie-ups, network subsidiaries, and collaborative arrangements with other logistics providers enabling service delivery even in remote and hard-to-access regions.
The company maintains strategic alliances with a variety of international air freight carriers, enhancing service capabilities and global reach. We have performance-based agreements with several major global airlines, including Saudi Cargo, Air India Cargo, Emirates, Lufthansa, and Qatar Airways (renewal in progress). These partnerships not only strengthen our access to key international routes and cargo capacity, but also help improve service reliability and competitive transit times for our clients.
As part of our efforts to integrate technology into their logistics operations, their technology subsidiary, sGate Tech Solutions Private Limited, builds proprietary technology platforms that support the digital execution of various logistics processes across their business. These platforms simplify freight quotations, booking management, shipment lifecycle management, documentation, shipment tracking, workflow management, customer communication, and operational reporting. Their integration with their logistics operations aims to reduce manual intervention, improve information flow between stakeholders, standardize operational workflows, facilitate faster processing of logistics activities and customer requests, and support the continued scalability of their operations.
Its technology platforms include ASAP (proposed to be launched), SLS HIKE, SLS 100X, SLS 100X 2.0, Cargo Dash, and Scart-Edge, each designed to support different aspects of its logistics operations. ASAP, one of its technology platforms currently in the pre-launch phase and yet to be commercially launched, is an integrated digital platform that provides customers with a unified interface to access and manage air freight, ocean freight, and courier express services, with road transport proposed to be integrated at a later stage. The platform supports digital rate discovery, online booking, and shipment tracking, while the underlying logistics services are executed by the respective group entities based on their areas of operation.
SLS HIKE supports shipment lifecycle management through workflow automation, operational dashboards, and shipment visibility. Skart-Edge is designed to deliver a simple, fast, and transparent courier booking experience for both franchise partners and direct customers. Overall, these platforms support greater digital integration across our logistics operations and customer interface.
The company is actively involved with several globally renowned logistics and freight forwarding networks, including the World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Connecting 5 Continents (C5C), Multi Group Logistics Network (MGLN), Global Freight Alliance (GFA), and Transport Worldwide International Group (TWIG). Participation in these established networks provides extensive global exposure and a wide range of international business opportunities, allowing it to operate effectively in both established and emerging markets.
By joining these well-established networks, they strengthen their position as a globally connected and operationally agile organization in the freight forwarding sector. These affiliations not only expand their international reach but also enhance their ability to deliver consistent service quality regardless of destination, cargo type, or shipment complexity. Such strategic collaborations help the company maintain its strength and sustainable growth in the face of changing market conditions and an evolving trade environment.
Over the past few decades, they have significantly expanded their services beyond air freight forwarding and customs brokerage services, becoming a multi-modal logistics service provider. Today, their portfolio includes ocean freight forwarding, trucking, comprehensive warehousing solutions, technology-driven express cargo and parcel delivery services, and consistently excellent customs brokerage services, providing an integrated logistics platform for a diverse clientele.
With its service portfolio steadily expanding and a strong international presence, the scope and scale of our business operations have seen a steady growth. Recognizing the changing dynamics and increasing competitiveness of the global freight forwarding industry, the company has adopted a proactive strategy aimed at enhancing operational efficiency, expanding market access, and providing its customers with comprehensive, integrated logistics solutions through a combination of backward and forward integration.
To support this strategic vision, the company has incorporated and acquired several subsidiary entities in India and key international markets. These subsidiaries were created with specific functions to either provide specific value-added services or cater to specific product segments within the freight forwarding domain. This allows the company to strengthen its presence across the logistics value chain and offer end-to-end freight forwarding solutions tailored to the diverse needs of its clients.
Objects Of The Issue (Estimated Amount ₹346.79 Cr.)
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and the Subsidiary “Forin Container Line Private Limited”. (Estimated Amount ₹216.79 Cr.)
- Funding incremental working capital requirements of the Company. (Estimated Amount ₹130.00 Cr.)
- General Corporate Purposes.
Company Address
Skyways Air Services Limited
Address: RZ 128-129A, Mahipalpur Extension NH-8,
Delhi, New Delhi, 110037
Telephone: 9910791501
Email: cs@skyways-group.com
Website: https://www.skyways-air.in/
Skyways Air Services IPO FAQs
What are the open and close dates of the Skyways Air Services IPO?
The Skyways Air Services IPO will open on August 24, 2026 and close on August 27, 2026.
What is the price band for Skyways Air Services IPO?
The price band for the Skyways Air Services IPO is ₹131 to ₹138 per share.
What is the issue size of the Skyways Air Services IPO?
The total issue size of the Skyways Air Services IPO is ₹582.80 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Skyways Air Services IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 100 Shares with ₹13,800 amount while the maximum bid is 14 Lot, 1,400 shares with ₹1,93,200 for the Skyways Air Services IPO.
What is Skyways Air Services IPO Investors Portion?
The investors portion for QIB 50%, NII 15%, RII 35% for the Skyways Air Services IPO.
When will the allotment for the Skyways Air Services IPO be finalized?
The Skyways Air Services IPO allotment is expected to be finalized on August 28, 2026.
When will the shares of Skyways Air Services IPO get listed?
The Skyways Air Services IPO shares are expected to be listed on BSE and NSE on September 01, 2026.
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| Skyways Air Services IPO Allotment Status |
Desclaimer: This Content Has Been Researched And Prepared By The IPO Investors Team After Reviewing The Skyways Air Services IPO Red Herring Prospectus (RHP) And Other Official IPO-Related Documents Publicly Available To Investors. The Information Is Provided For Informational And Educational Purposes Only And Should Not Be Considered Investment Advice.
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