Skyways Air Services Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹131 - ₹138
- Lot size
- 100 shares
- Issue amount
- ₹582.79 cr
- Total subscription
- 71.25×
- Opens
- 24 Aug 2026
- Closes
- 27 Aug 2026
- Allotment
- 28 Aug 2026
- Listing
- 1 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 4,22,31,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,100
- Fresh issue
- ₹398.79 cr
- Offer for sale
- ₹183.99 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹13,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 11,64,45,244
- Shares after issue
- 14,53,43,544
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 100 | ₹13,800 |
| sHNI | 15 | 1,500 | ₹2,07,000 |
| bHNI | 73 | 7,300 | ₹10,07,400 |
Share reservation
Subscription & GMP
Subscription by category
Reported 27 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,48,000 | 32,54,876 |
| HNIs(10L +) | 2,823 | 52,308 |
| HNIs (2-10L) | 1,411 | 1,07,829 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 116.36 | 16,254.39 |
| FIIs | 0 | 1,989.93 |
| FIs | 0 | 10,406.47 |
| Mutual Funds | 0 | 220.64 |
| Others | 0 | 3,637.34 |
| RETAIL | 204.24 | 5,188.39 |
| HNIs 2+ | 29.22 | 2,309.3 |
| HNIs 10+ | 58.43 | 5,337.09 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 3.56 | 3.71 | 2.99 |
| ROE | 14.15 | 19.52 | 22.37 |
| ROCE | 18.11 | 14.61 | 15.57 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 38.76 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Delhivery Limited | 260.00 | 0 | 1.00 | 129.40 | 1.58 | 2.04 |
| TVS Supply Chain Solutions Limited | 54.00 | 0 | 1.00 | 46.09 | 5.62 | 2.59 |
| Mahindra Logistics Limited | 1548.00 | 0 | 10.00 | 130.57 | 0.19 | 0.25 |
| Shadowfax Technologies Limited | 104.00 | 0 | 10.00 | 34.04 | 6.40 | 2.22 |
| Skyways Air Services Limited | 38.76 | 0 | 10.00 | 28.91 | 12.33 | 3.56 |
Company information
Company profile
Incorporated in 1984, Skyways Air Services Limited is a well-established air freight forwarding and logistics company in India, offering services such as air and ocean freight forwarding, trucking, warehousing, customs clearance, and express cargo and parcel delivery. The company also provides value-added solutions like logistics planning, cargo handling, inventory management, documentation, and end-to-end distribution, supported by a strong IT-enabled platform. Skyways has a wide global reach through international logistics networks and maintains performance-based partnerships with leading airlines such as Air India Cargo, Lufthansa, Turkish Airlines, and Saudi Cargo. Over the years, it has grown into a multi-modal logistics provider with integrated air, sea, road, and express services, including cold storage facilities near IGI Airport for pharmaceutical and temperature-sensitive goods. The company’s workforce has steadily increased, with 1,035 employees as of December 31, 2024, reflecting its expanding operations and scale.
Strengths
- Comprehensive Logistics Services: The company offers air, ocean, road, and express cargo services, allowing it to meet diverse logistics and supply chain needs.
- Strong Global Partner Network: Its membership in international logistics alliances helps expand global reach and improve coordination with overseas partners.
- Diversified Industry Presence: The company serves multiple industries, including pharmaceuticals, manufacturing, and international trade, reducing dependence on a single sector.
Risk factors
- Dependence on Airline Carriers: The company relies on third-party airlines for cargo transportation. Capacity shortages, higher freight costs, or service disruptions could affect operations.
- Geopolitical Risk: Global conflicts and geopolitical tensions may disrupt trade routes and supply chains, impacting logistics operations.
- Sensitivity to Global Trade Volumes: The company's business depends on international trade activity. A decline in trade volumes or freight rates could affect revenue and profitability.
Promoters
Mr. Yashpal Sharma
Mr. Tarun Sharma
Registrar & documents
Lead manager
Holani Consultants Private Limited, Shannon Advisors Private Limited, Dolat Finserv Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Skyways Air Services Ltd., RZ 128-129A, Mahipalpur Extension, NH-8, Delhi, New Delhi, 110037
9910791501
[email protected]Company website ↗Understanding SKYWAYS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.