Skyways Air Services Limited IPO Price: ₹131 to ₹138 per share
IPO Dates: 24 Aug to 27 Aug, 2026
Company Overview
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.
The Company 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.
Business Operations
The Company provides air and ocean freight forwarding, trucking, warehousing, customs broking, technology-driven express cargo and parcel delivery, and other value-added services.
Market Position
The Company has been 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.
Global Presence
The Company’s operations are supported by strategic alliances with leading international airlines, including Saudi Cargo, Air India Cargo, Emirates, and Lufthansa.
It is also a member of global logistics networks such as WCA, AOP, C5C, MGLN, GFA, and TWIG.
Technology & Digital Infrastructure
The Company has developed proprietary technology platforms such as SLS HIKE, SLS 100X, SLS 100X 2.0, Cargo Dash, Skart-Edge, and the upcoming ASAP platform.
These platforms 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.
Customer Base
The Company has long-standing relationships with a diverse customer base.
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 had 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.
Bidding Starts In
Skyways Air Services Limited IPO Specifics:
| IPO Date | 24 to 27 Aug, 2026 |
| Listing Date | Tue, Sep 1, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹131 to ₹138 |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,22,31,600 shares (agg. up to ₹583 Cr) |
| Fresh Issue | 2,88,98,300 shares (agg. up to ₹399 Cr) |
| Offer for Sale | 1,33,33,300 shares of ₹10 (agg. up to ₹184 Cr) |
| Share Holding Pre Issue | 11,64,45,244 shares |
| Share Holding Post Issue | 14,53,43,544 shares |
Skyways Air Services Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Mon, Aug 24, 2026 |
| IPO Close | Thu, Aug 27, 2026 |
| Allotment | Fri, Aug 28, 2026 |
| Refund | Mon, Aug 31, 2026 |
| Credit of Shares | Mon, Aug 31, 2026 |
| Listing | Tue, Sep 1, 2026 |
Skyways Air Services Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 100 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Skyways Air Services Limited IPO Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 2,10,80,000 | 49.92% | NA |
| − Anchor Investor | 1,26,48,000 | 29.95% | NA |
| − QIB (Ex. Anchor) | 84,32,000 | 19.97% | NA |
| NII (HNI) | 63,51,600 | 15.04% | NA |
| − bNII > ₹10L | 42,34,400 | 10.03% | 2,822 |
| − sNII < ₹10L | 21,17,200 | 5.01% | 1,411 |
| Retail | 1,48,00,000 | 35.04% | 1,48,000 |
| Total | 4,22,31,600 | 100.00% |
Skyways Air Services Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,508.24 | 1,321.64 | 790.35 |
| Total Income | 2,839.67 | 2,270.99 | 1,316.81 |
| Profit After Tax | 63.52 | 48.14 | 34.49 |
| EBITDA | 125.65 | 86.49 | 48.34 |
| Net Worth | 332.64 | 247.14 | 154.26 |
| Total Borrowing | 624.06 | 558.43 | 357.34 |
Key Performance Indicator-Skyways Air Services Limited IPO
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 14.15% | 19.52% |
| ROCE | 18.11% | 14.61% |
| RoNW | 12.33% | 15.85% |
| PAT Margin | 2.26% | 2.14% |
| EBITDA Margin | 4.47% | 3.85% |
| NAV | 28.91 | 23.40 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.46 | 4.37 |
| Market Cap at Offer Price | – | ₹2,005.74 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Kaashika is a social media strategist and financial content creator at Lakshmishree. She specialises in simplifying complex IPO and stock market concepts into clear, easy-to-understand content. Having created over 500+ pieces of financial content across reels, blogs, website posts and digital creatives, Kaashika helps audiences connect with the world of finance in a more accessible and engaging way.
