Delhi-based air freight forwarding and logistics company Skyways Air Services Ltd. has announced the price band for its upcoming initial public offering at ₹131 to ₹138 per equity share. The IPO will open for subscription on August 24 and close on August 27, 2026.
The anchor investor bidding will begin on August 21.
Skyways Air Services IPO Details
Investors can place bids for a minimum of 100 shares, with additional bids allowed in multiples of 100.
At the upper price band of ₹138 per share, the company is expected to have a post-listing market capitalisation of around ₹2,005.74 crore.
The IPO consists of both a fresh issue of shares and an offer for sale (OFS).
Under the fresh issue, Skyways Air Services will issue 2.88 crore equity shares. Existing shareholders, including promoters Yashpal Sharma and Tarun Sharma, will offer up to 1.33 crore shares through the OFS.
Fresh Issue Size Reduced After Pre IPO Fundraise
The fresh issue size has been reduced from the 3.29 crore equity shares proposed in the company’s draft red herring prospectus filed with SEBI in June 2025.
The reduction follows a pre-IPO fundraising round through which the company raised ₹48.23 crore by issuing 40.19 lakh equity shares at ₹120 each.
Skyways Air Services said the money raised through the pre-IPO placement is currently kept in fixed deposit receipts and will be used for general corporate purposes.
The company’s IPO documents were cleared by SEBI in November 2025.
IPO Shares Reserved for Different Investors
Of the total IPO issue, 50% has been reserved for qualified institutional buyers, while 15% is reserved for non-institutional investors.
The remaining 35% will be available to retail investors.
How Skyways Air Services Plans to Use IPO Funds
A significant portion of the fresh issue proceeds will be used to reduce the company’s debt.
Skyways Air Services plans to use ₹216.78 crore from the net proceeds to repay borrowings of the company and its subsidiary Forin Container Line.
As of June 2026, Skyways Air Services had standalone outstanding borrowings of ₹504.65 crore, while Forin Container Line had borrowings of ₹81.58 crore.
The company will use another ₹130 crore to meet its additional working capital requirements. The remaining fresh issue proceeds will be used for general corporate purposes.
Money raised through the OFS will go directly to the selling shareholders.
Skyways Air Services Reports Strong Financial Growth
The company has recorded strong growth in recent years.
For the financial year ended March 2026, Skyways Air Services reported a 32% increase in net profit to ₹63.5 crore, compared with ₹48.1 crore in the previous year.
Revenue also grew 25.1% to ₹2,812.9 crore, from ₹2,247.8 crore a year earlier.
IPO Allotment and Listing Date
Holani Consultants, Shannon Advisors and Dolat Finserv have been appointed as merchant bankers for the Skyways Air Services IPO.
The company is expected to finalise the share allotment by August 28, with the shares likely to be listed on the stock exchanges on September 1, 2026.
The IPO will give investors an opportunity to participate in the expansion of Skyways Air Services as it seeks to strengthen its air freight forwarding and logistics operations while reducing debt and increasing its working capital capacity.
