Skyways Air Services Ltd.'s initial public offering (IPO) officially opens for subscription on August 24, 2026, aiming to raise nearly Rs 400 crore through a fresh issue, while the total issue size, including the offer for sale (OFS), stands at Rs 583 crore.
Ahead of the IPO opening, the shares of Skyways Air are already trading at a premium of over 30% in the unlisted market.
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.
Note: Grey Market Premium (GMP) does not represent official SEBI-regulated data and is purely based on speculative market sentiments.
If you are planning to bid, here is a comprehensive guide covering the Skyways Air Services IPO GMP today, allotment date, financial performance, and business prospects.
Skyways Air Services IPO GMP Today
As of 9:00 a.m. on August 24, 2026, the latest Skyways Air Services IPO GMP stands at Rs 42. With the upper price band set at Rs 138, the implied estimated listing price for the stock is Rs 180 per share (Rs 138 issue price + Rs 42 GMP). This indicates a stellar potential listing gain of approximately 30.43% for successful allottees.
ALSO READ: Skyways Air Services IPO: Rs 174 Crore Raised Via Anchor Book; GMP Spikes To Rs 50
Skyways Air Services IPO Details
The total issue size of this book-built IPO stands at Rs 583 crore, which comprises:
- Fresh Issue: 2.89 crore equity shares, aggregating to Rs 398.80 crore.
- Offer for Sale (OFS): 1.33 crore equity shares, aggregating to Rs 184.00 crore.
Skyways Air has fixed the price band at Rs 131 to Rs 138 per share.
Lot Size and Investment Requirements
The minimum lot size for retail investors is 100 shares. Below is the minimum investment required based on the price band:
- Minimum Retail Investment (At Upper Band): Rs 13,800 (100 shares)
- Lead Manager: Holani Consultants Pvt. Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
Skyways Air Services Allotment and Listing Date
The bidding window closes on August 27, 2026. Following the bidding process, the key dates are:
- Allotment Finalisation Date: Expected on August 28, 2026.
- Refunds & Credit of Shares: Tentatively by August 31, 2026.
- Skyways Air Listing Date: The stock is scheduled to list on both the NSE and BSE on September 1, 2026.
Skyways Air Services Fiscal Performance
Skyways Air Services Ltd. has exhibited robust financial health. Between FY25 and FY26, the company's total income rose 25%, while PAT increased 32%. EBITDA grew even faster, rising 45% during the period.
| Financial Metric | FY Ended March 31, 2026 | FY Ended March 31, 2025 | Growth (%) |
| Total Income | Rs 2,839.67 crore | Rs 2,270.99 crore | 25.05% |
| Profit After Tax (PAT) | Rs 63.52 crore | Rs 48.14 crore | 31.90% |
| EBITDA | Rs 125.65 crore | Rs 86.49 crore | 45.28% |
Skyways Air Services IPO Proceeds
The company intends to deploy the net proceeds from the fresh issue toward the following strategic objectives:
- Debt Repayment: Reducing overall outstanding borrowings to improve the balance sheet.
- Working Capital: Meeting the day-to-day capital demands of expanding logistics operations.
- General Corporate Purposes: General corporate development and strategic initiatives.
Skyways Air Services Business
Established in 1984, Skyways Air Services Ltd. is a prominent player in the Indian logistics and freight forwarding ecosystem. With a rich history of over 40 years, the company specialises in:
- Domestic and international air & ocean freight forwarding.
- Trucking, customs broking, and specialised warehousing services.
- Express cargo, parcel delivery, and customised, technology-enabled end-to-end supply chain management solutions.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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