- Bid/Offer Opening Date – 24th August, 2026 and Bid/Offer Closing Date – 27th August, 2026
- Minimum Bid Lot is 100 Equity Shares and in multiples of 100 Equity Shares thereafter
Skyways Air Services Limited has fixed the price band for its much-anticipated initial public offering (IPO) at Rs 131 to Rs 138 per equity share of face value Rs 10 each. The public issue, comprising a fresh issue of up to 2,88,98,300 equity shares and an offer-for-sale (OFS) of up to 1,33,33,300 equity shares, will open for subscription on August 24, 2026, and close on August 27, 2026. Investors can bid for a minimum lot of 100 equity shares and in multiples thereof.
Ahead of the listing, the company has 11,64,45,244 equity shares outstanding. The OFS includes shares offered by promoters Yashpal Sharma (71,20,690 shares) and Tarun Sharma (24,60,000 shares), alongside other selling shareholders Himanshu Chhabra (18,66,000 shares) and Rohit Sehgal (18,86,610 shares).
The proceeds from its fresh issuance worth Rs 216.78 crore will be for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary, Forin Container Line Private Limited, Rs 130.00 crore for funding incremental working capital requirements of the company, and general corporate purposes. Incorporated in 1984, the company is a long-standing participant of India’s air freight forwarding and logistics sector. The company is consistently ranked No. 1 “Air Freight Forwarder” in terms of AWBs generation by World ACD for last four calendar years 2025, 2024, 2023 and 2022 (Source: World ACD Market Data). It means the company handles maximum number of air cargo consignments from India to worldwide.
The company is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS) to support the diverse needs of its clientele across domestic and international markets. As part of the continued development of its business, the company has rolled out several proprietary technology products integrated them into its operation.
These platforms support freight booking, shipment tracking, workflow automation and operational reporting, with the objective of improving operational efficiency and enhancing customer satisfaction across the logistics value chain.
With over four decades of industry experience, the company has built a well-integrated logistics infrastructure that offers end-to-end support across the supply chain.
Beyond its core operations, Skyways Air Services offers a comprehensive suite of value-added services spanning logistics planning and management, end-to-end cargo handling, warehousing solutions, documentation support, and customs clearance — all backed by a robust global connectivity network that ensures operational reach across key markets. The company also maintains performance-based agreements with several leading international carriers, including Saudi Cargo, Air India Cargo, Emirates, and Lufthansa, while its partnership with Qatar Airways is currently in the process of renewal.
The company’s revenue from operations was Rs 2,812.9 crore in FY26 as against Rs 1289.1 crore in FY24.
Its net profit was Rs 63.5 crore in FY26 as against Rs 34.49 crore in FY24.
Holani Consultants Private Limited, Shannon Advisors Private Limited and Dolat Finserv Private Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar of the offer.
The equity shares are proposed to be listed on NSE and BSE.
