Raajmarg Infra Investment Trust IPO...
05 Mar, 2026
Skyways Air Services IPO
The Skyways Air Services IPO is a 100% book-built issue of 4.22 crore shares. It consists of a fresh issue of 2.89 crore shares and an offer for sale of 1.33 crore shares. The face value is set at ₹10 per share. The company filed its DRHP document with SEBI on June 30, 2025.
The price band for this IPO issue is yet to be determined. However, the opening of the issue is scheduled for March 18 to 20, 2026 and the listing is scheduled for March 25, 2026. The issue is managed by Holani Consultants, Shannon Advisors and Dolat Finserv, with Bigshare Services Private Ltd. serving as the registrar of the issue.
Company Background
Skyways Air Services Ltd. was incorporated in 1984 as a private limited company, located in Delhi, India. The company has been able to stay at the top of the logistics industry for over 4 decades (40+ years) and has now become a public limited company, incorporated in March 2025. The company, which started with operations in New Delhi, India, has now expanded operations across the country with the help of various subsidiaries and associates for handling international cargo operations.
Operations & Product Range
Skyways Air Services Ltd. is a full-service logistics company that offers its services in the ocean cargo business, as well as air cargo services. The business of the company is in the field of clearing and forwarding, wherein the movement of containers is undertaken and so on. The company serves several industrial and retail customers.
Facilities & Capacity
The management of the operations of Skyways Air Services Ltd. is handled through the registered and corporate office of the company in Mahipalpur, New Delhi, which is in the vicinity of the international airport. The capacity of the company to operate is dependent on the number of branches it has established as well as the infrastructural development of its subsidiaries, such as Brace Port Logistics Ltd. The company has been investing in the development of the logistics network to boost the handling of cargo services in different hubs in India.
Brands & Market Presence
Skyways Air Services Ltd. operates under the umbrella of 'Skyways Group.' The company has managed to build a reputable name in the air and ocean freight business. Although Skyways Air has dominated the Indian subcontinent in terms of domestic operations and also managed to expand its operations globally through partnerships and subsidiaries. The company has been recognized for handling complex cargo requirements with various registration bodies to ease customs and logistics operations.
Revenue Streams & Business Model
The primary sources of revenue for Skyways Air Services Ltd. include service fees for air and ocean cargo logistics and clearing services. In FY24, the company reported a restated profit before tax of ₹48.38 crore. The business model is based on high-volume cargo transport and a diverse service mix between air and ocean cargo.
Management & Shareholding
The promoters of Skyways Air Services Ltd. are Mr. Yashpal Sharma and Mr. Tarun Sharma. Before the Skyways Air Services IPO, the promoters and their family members held the majority of the equity, but after this offering, the shareholding will see a reduction in the promoter stake.
Board & Key Management
The board and key management personnel at Skyways Air Services Ltd. comprise the promoters, Mr. Yashpal Sharma and Mr. Tarun Sharma, with a Whole-Time-Director, Mr. Rohit Sehgal. The management team also has key personnel like CS Mr. Hitesh Kumar. The management has decades of experience in the logistics and freight forwarding business and understands trade dynamics worldwide.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Skyways Air Services IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Skyways Air Services IPO Details
| Detail | Description |
|---|---|
| IPO Date | Wed, Mar 18, 2026 |
| Listing Date | Fri, Mar 20, 2026 |
| Face Value | ₹10 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 4,22,31,600 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | 2,88,98,300 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 1,33,33,300 shares of ₹10 (agg. up to ₹[.] Cr |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 11,64,45,244 shares |
| Share Holding Post Issue | 14,53,43,544 shares |
Skyways Air Services IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, Mar 18, 2026 |
| IPO Close Date | Fri, Mar 20, 2026 |
| Tentative Allotment | Mon, Mar 23, 2026 |
| Initiation of Refunds | Tue, Mar 24, 2026 |
| Credit of Shares to Demat | Tue, Mar 24, 2026 |
| Tentative Listing Date | Wed, Mar 25, 2026 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
Skyways Air Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | - | ₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | - | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | - | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | - | Over ₹2,00,000 |
| B-HNI (Min) | 71+ | - | Over ₹10,00,000 |
Skyways Air Services IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 81.97% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • 4 decades of experience, i.e., 40+ years of experience in the Indian logistics/air cargo industry since 1984.
- • Integrated provider of both air and ocean freight, along with clearing and forwarding services.
- • Deep operational presence in India complemented by international logistics partnerships.
- • Consistent profitability with a restated profit before tax exceeding ₹48 crore in the latest full fiscal year.
Skyways Air Services IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 1,313.58 | 1,340.72 | 25.46 | 305.07 | - | 577.05 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 1,321.64 | 2,270.99 | 48.14 | 247.14 | - | 558.43 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 790.35 | 1,316.81 | 34.49 | 154.26 | - | 357.34 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 448.29 | 1,496.11 | 37.90 | 125.19 | - | 175.02 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 19.52% |
| ROCE | 14.61% |
| Debt/Equity | - |
| RoNW | 15.85% |
| PAT Margin | 2.68% |
| EBITDA Margin | 3.75% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.13 | 3.50 |
| P/E (x) |
IPO Objectives
Skyways Air Services Ltd. intends to use the IPO proceeds for several strategic purposes:
- • Funding the capital expenditures
- • General corporate purposes
Conclusion
The Skyways Air Services IPO presents investors with an opportunity to invest in the Indian logistics sector, which has experienced rapid growth in terms of formalization over the years. The company has been in service for more than 40 years and has been able to establish a successful business model, which has the potential to transport air and sea cargo on a large scale. As Skyways Air Services moves forward in its plans to list its shares on the stock exchange, it will be of interest to note how it intends to increase its presence in India through its existing subsidiaries.
DRHP:
View DRHPRead more :
Frequently Asked Questions (FAQs)
-
When was Skyways Air Services Ltd. incorporated?
The company was incorporated in the year 1984 as a private limited company.
-
What is the total issue size of Skyways Air Services IPO?
The total issue size includes up to 4.62 crore equity shares.
-
Who are the promoters of Skyways Air Services Ltd.?
Mr. Yashpal Sharma and Mr. Tarun Sharma are the promoters.
-
Where are the equity shares of Skyways Air Services Ltd. proposed to be listed?
The shares are proposed to be listed on both the BSE and the NSE platforms.
-
What is the main business of Skyways Air Services Ltd. (Skyways Group)?
They are primarily engaged in ocean and air cargo logistics and clearing and forwarding services.
