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Skyways Air Services Limited IPO
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Latest GMP
- Lead Manager
- Holani Consultants Private Limited
- IPO Registrar
- Bigshare Services Private Limited
- IPO Open Date
- 24th Aug 2026
- IPO Close Date
- 27th Aug 2026
- Allotment date
- 28th Aug 2026
- Listing date
- 1st Sep 2026
- Issue Size
- ₹ 583 Cr.
- Issue Price Band
- ₹ 131 to 138
- Lot Size
- 100 Share
- Minimum Investment
- ₹ 13800
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Skyways Air Services Limited
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.
Market Position & Network
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.
Technology Platforms
The Company has developed proprietary technology platforms such as:
- SLS HIKE
- SLS 100X
- SLS 100X 2.0
- Cargo Dash
- Skart-Edge
- Upcoming ASAP platform
These support freight booking, shipment tracking, workflow automation, documentation, and operational reporting. Its technology subsidiary, sGate Tech Solutions Private Limited, further supports the digital transformation of its logistics operations.
Workforce
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.
Competitive 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 84,32,000 (28.50%) | 44,66,400 | 0.53 |
| NII | 63,51,600 (21.47%) | 14,02,66,000 | 22.08 |
| bNII (> ₹10L) | 42,34,400 (14.31%) | 8,30,09,800 | 19.60 |
| sNII (< ₹10L) | 21,17,200 (7.16%) | 5,72,56,200 | 27.04 |
| Retail | 1,48,00,000 (50.03%) | 17,74,57,300 | 11.99 |
| Total | 2,95,83,600 (100.00%) | 32,21,89,700 | 10.89 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 29-08-2026 | ₹138 | ₹39 | ₹177 ( 28.26% ) | ₹3,900.00 | 29-Aug-2026 10:26 AM |
| 27-08-2026 | ₹138 | ₹45 | ₹183 ( 32.61% ) | ₹4,500.00 | 27-Aug-2026 05:33 PM |
| 26-08-2026 | ₹138 | ₹29 | ₹167 ( 21.01% ) | ₹2,900.00 | 26-Aug-2026 10:19 AM |
| 25-08-2026 | ₹138 | ₹32 | ₹170 ( 23.19% ) | ₹3,200.00 | 25-Aug-2026 10:08 AM |
| 24-08-2026 | ₹138 | ₹32 | ₹170 ( 23.19% ) | ₹3,200.00 | 24-Aug-2026 10:19 AM |
| 22-08-2026 | ₹138 | ₹45 | ₹183 ( 32.61% ) | ₹4,500.00 | 22-Aug-2026 10:27 AM |
Financials of Skyways Air Services Limited
A quick overview of the key Financial Performance of Skyways Air Services Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 25%, Profit after Tax (PAT) increased by 32%, Total Assets increased by 14% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 1,316.81 | 2,270.99 | 2,839.67 |
| Assets | 790.35 | 1,321.64 | 1,508.24 |
| Total Income | 1,316.81 | 2,270.99 | 2,839.67 |
| Profit After Tax | 34.49 | 48.14 | 63.52 |
| EBITDA | 48.34 | 86.49 | 125.65 |
| Net Worth | 154.26 | 247.14 | 332.64 |
| Reserves & Surplus | 143.82 | 134.71 | 216.20 |
| Total Borrowings | 357.34 | 558.43 | 624.06 |
IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
100
₹ 13,800
Retail (Max)
14
1,400
₹ 1,93,200
S-HNI (Min)
15
1,500
₹ 2,07,000
S-HNI (Max)
72
7,200
₹ 9,93,600
B-HNI (Min)
73
7,300
₹ 10,07,400
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹ 13,800 |
| Retail (Max) | 14 | 1,400 | ₹ 1,93,200 |
| S-HNI (Min) | 15 | 1,500 | ₹ 2,07,000 |
| S-HNI (Max) | 72 | 7,200 | ₹ 9,93,600 |
| B-HNI (Min) | 73 | 7,300 | ₹ 10,07,400 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 14.15 |
| ROCE (%) | 18.11 |
| Debt / Equity | 1.88 |
| RoNW (%) | 12.33 |
| PAT Margin (%) | 2.26 |
| EBITDA Margin (%) | 4.47 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
5.46
4.37
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
79.14
-
|
| Market Cap | 2005.74 |
IPO Lead Manager(s)
Lead Manager Details
- Holani Consultants Private Limited
- Contact Person: Mrs. Payal Jain
- SEBI Registration Number: INM000012467
- Investor Grievance Email: complaints.redressal@holaniconsultants.co.in
- Website: https://www.holaniconsultants.co.in
- Email: ipo@holaniconsultants.co.in
- Phone: +91 141 2203996
- Address: 401–405 & 416–418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur – 302016, Rajasthan
Lead Manager Details
- Dolat Finserv Private Limited
- Contact Person: Mr. Souvik Chatterjee
- SEBI Registration Number: INM000012643
- Investor Grievance Email: info@dolatfinserv.com
- Website: https://www.dolatfinserv.com
- Email: skyways.ipo@dolatfinserv.com
- Phone: +91 22 61764832
- Address: 301-308, Bhagwati House, A/19, Veera Desai Road, Andheri (W), Mumbai, India – 400058
Lead Manager Details
- Shannon Advisors Private Limited
- Contact Person: Mr. Pavan Kumar Agrawal
- SEBI Registration Number: INM000013174
- Investor Grievance Email: grievance@shannon.co.in
- Website: https://www.shannon.co.in
- Email: pavan@shannon.co.in
- Phone: +91 11 42758011
- Address: 902, IX Floor, New Delhi House, 27, Barakhamba Road, Connaught Place, New Delhi, 110001
IPO Registrar
- Registrar Name
- Bigshare Services Private Limited
- ipo@bigshareonline.com
- Phone
- +91 22 6263 8200
- Contact Person
- Mr. Vinayak Morbale
- SEBI Registration Number
- INR000001385
- Address
- S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093, India
- Website
- https://www.bigshareonline.com/
Company Contact Details
- Company Name
- Skyways Air Services Limited
- cs@skyways-group.com
- Phone
- 9910791501
- Contact Person
- Mr. Hitesh Kumar
- Corporate Identity Number
- U74899DL1984PLC019666
- Address
- RZ 128-129A, Mahipalpur Extension NH-8, New Delhi, Delhi, India, 110037
- Website
- https://www.skyways-air.in/
Skyways Air Services Limited FAQs
