Skyways Air IPO: dates, price band, lot size and GMP
Skyways Air IPO listed on 1 Sep at ₹124 (NSE, BSE). Issue dates 24 – 27 Aug 2026, price band ₹138, lot 100 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Skyways Air listed on 1 Sep 2026 on NSE, BSE at ₹124, −₹14 (−10.1%) against the ₹138 upper band. Skyways Air IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Skyways Air IPO has a price band of ₹138, a lot of 100 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 24 – 27 Aug 2026 |
| Price band | ₹138 |
| Lot size | 100 shares |
| Issue size | ₹582.80 Cr |
| Fresh issue | ₹398.8 Cr |
| Offer for sale | ₹184 Cr |
| Subscription | 71.25x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Holani Consultants Pvt.Ltd., Shannon Advisors Pvt.Ltd., Dolat Finserv Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 24 Aug
- Issue closes: 27 Aug
- Allotment: 28 Aug
- Refunds: 31 Aug
- Demat credit: 31 Aug
- Listing: 1 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 139.69x |
| NII | 87.24x |
| sNII | 79.04x |
| bNII | 91.33x |
| Retail | 25.4x |
| Total | 71.25x |
Last updated 27 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹2,005.74 Cr |
| P/E (pre-issue) | 25.27x |
| P/E (post-issue) | 31.58x |
| Fresh issue (shares) | 2,88,98,300 |
| Offer for sale (shares) | 1,33,33,300 |
| Total shares offered | 4,22,31,600 |
| Promoter holding pre-issue | 79.14% |
| Promoter holding post-issue | 56.82% |
| Promoters | Yashpal Sharma, Tarun Sharma |
| Lead managers | Holani Consultants Pvt.Ltd., Shannon Advisors Pvt.Ltd., Dolat Finserv Pvt.Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | skyways-air.in |
| Anchor bid date | 21 Aug 2026 |
| Anchor lock-in ends (50%) | 27 Sep 2026 |
| Anchor lock-in ends (remaining) | 26 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 100 | ₹13,800 |
| Retail (maximum) | 15 | 1,500 | ₹2,07,000 |
| sNII (minimum) | 15 | 1,500 | ₹2,07,000 |
| bNII (minimum) | 73 | 7,300 | ₹10,07,400 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.9% | 1,26,48,000 | |
| QIB | 20% | 84,32,000 | Not more than 50% of the Offer |
| NII (HNI) | 15% | 63,51,600 | Not less than 15% of the Offer |
| sNII | 5% | 21,17,200 | |
| bNII | 10% | 42,34,400 | |
| Retail | 35% | 1,48,00,000 | Not less than 35% of the Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 24 Aug | 0.46x | 0.92x | 1.53x | 0.61x | 1.66x | 1.16x |
| Day 2 · 25 Aug | 0.47x | 2.58x | 4.01x | 1.86x | 3.54x | 2.46x |
| Day 3 · 26 Aug | 0.49x | 6.91x | 9.88x | 5.43x | 6.97x | 5.11x |
| Day 4 · 27 Aug | 139.69x | 87.24x | 79.04x | 91.33x | 25.40x | 71.25x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹5.46 |
|---|---|
| EPS (post-issue) | ₹4.37 |
| P/E (pre-issue) | 25.27x |
| P/E (post-issue) | 31.58x |
| RoNW | 15.85% |
| RoCE | 14.61% |
| RoE | 19.52% |
| PAT margin | 2.14% |
| EBITDA margin | 3.85% |
| Price / book | 5.9x |
| NAV per share | ₹23.4 |
| Debt / equity | 1.42 |
| Market cap (upper band) | ₹2,005.74 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 1,508.24 | 1,321.64 | 790.35 | +14.1% |
| Total Income | 2,839.67 | 2,270.99 | 1,316.81 | +25% |
| Profit After Tax | 63.52 | 48.14 | 34.49 | +31.9% |
| EBITDA | 125.65 | 86.49 | 48.34 | +45.3% |
| NET Worth | 332.64 | 247.14 | 154.26 | +34.6% |
| Total Borrowing | 624.06 | 558.43 | 357.34 | +11.8% |
About Skyways Air
Skyways Air Services Limited (SASL) is one of India's prominent logistics and freight forwarding companies, offering comprehensive supply chain and transportation solutions across domestic and international markets. The company's service portfolio includes air freight forwarding, ocean freight forwarding, road transportation, warehousing, customs brokerage, and technology-enabled express cargo and parcel delivery services. It also provides end-to-end logistics support through value-added offerings such as supply chain planning, cargo handling, inventory management, customs documentation, clearance services, and distribution management.
To enhance operational efficiency, SASL utilizes a robust IT-driven logistics platform and leverages an extensive global partner network. The company is affiliated with several international logistics organizations, including the World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Combined Logistics Networks (CLN), Multi Group Logistics Network (MGLN), Global Freight Alliance (GFA), and Transport Worldwide International Group (TWIG). Skyways has established strategic performance-based partnerships with major international carriers such as Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa.
These collaborations strengthen its global connectivity and enable efficient cargo movement across key trade routes. Over the years, the company has expanded beyond traditional freight forwarding to become an integrated multi-modal logistics provider. Its offerings include specialized cold-chain storage facilities located near Indira Gandhi International Airport, catering to pharmaceutical products and other temperature-sensitive shipments, alongside seamless air, sea, road, and express logistics solutions. As of December 31, 2024, Skyways Air Services Limited and its subsidiaries employed 1,035 professionals.
The workforce has grown steadily over the years, with employee strength standing at 950, 840, and 712 as of March 31, 2024, 2023, and 2022, respectively.
Objects of the issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary Forin Container Line Pvt.Ltd.. — ₹216.79 Cr
- Funding incremental working capital requirements of the Company. — ₹130 Cr
- General Corporate Purposes
Net proceeds: ₹346.79 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Skyways Air Services Ltd. (issuer) | 3.56 | 3.56 | 28.91 | — | 12.33% | Consolidated |
| Delhivery Ltd | 2.04 | 2 | 129.4 | 260x | 1.58% | Consolidated |
| Tvs Supply Chain Solutions Ltd | 2.59 | 2.59 | 46.09 | 54x | 5.62% | Consolidated |
| Mahindra Logistics Ltd | 0.25 | 0.25 | 130.57 | 1,548x | 0.19% | Consolidated |
| Shadowfax Technologies Ltd | 2.22 | 2.18 | 34.04 | 104x | 6.4% | Consolidated |
Source: All the financial information for listed industry peers mentioned above is on a Consolidated basis from the audited financial statements of a respective company for the year ended March 31, 2026, submitted to stock exchange i.e., National Stock Exchange of India Limited and from the respective company website. Notes : Considering the nature and size of the business of the Company, the peers are not strictly comparable. However, the above Companies have been included for broad comparison.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Skyways Air IPO open and close?
The issue is scheduled for 24 – 27 Aug 2026.
What is the Skyways Air IPO price band?
The price band is ₹138 per share with a lot size of 100 shares.
How big is the Skyways Air IPO?
The total issue size is ₹582.80 Cr, of which ₹398.8 Cr is a fresh issue and ₹184 Cr an offer for sale.
When will Skyways Air list?
The tentative listing date is 1 Sep on the main board.
How do I apply for the Skyways Air IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Skyways Air · as filed with SEBI · bseindia.com
- Red herring prospectus (RHP), Skyways Air · as filed · nsearchives.nseindia.com
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 28 Aug · ipo.bigshareonline.com
- NSE public issues page · listing 1 Sep · nseindia.com
- BSE public issues page · listing 1 Sep · bseindia.com
- Skyways Air company website · skyways-air.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 1 Sep, 04:02 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Skyways Air IPO”, https://buyunlistedshares.com/ipo/skyways-air-ipo, as of 17 Oct 2026.
Other IPOs on the calendar
- Zetwerk IPO · 15 – 19 Oct 2026
- Bonfiglioli Transmissions IPO · 15 – 19 Oct 2026
- Tonbo Imaging India IPO · 15 – 19 Oct 2026
- Shellz India IPO · 15 – 19 Oct 2026
- Sahajanand Medical Technologies IPO · 15 – 19 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
- Paras Healthcare IPO · 21 – 23 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
All unlisted shares · IPO calendar · Research & learning · Send an enquiry · Calculators · Jobs · About · Contact · Privacy · Terms · Disclaimer · Grievance redressal
Guides: Start investing · Evaluate a company · How prices are set · Risks · Lock-in periods · After the IPO · Sell ESOPs · NRI investors · Buybacks · Choosing a platform
BuyUnlistedShares (BUS) · Gayatri Financial Synergy LLP (LLPIN ACU-4678) · SCO-39, 1st Floor, HUDA Market, Sector-7, Faridabad, Haryana 121006 · +91 916-916-59-59
