- Skyways Air Services raised Rs 174.5 crore from anchor investors before its IPO launch
- The IPO opens on August 24 with a price band of Rs 131 to Rs 138 per share
- The total issue size is Rs 582.8 crore including fresh issue and offer for sale shares
Skyways Air Services has raised Rs 174.5 crore from anchor investors ahead of the opening of its initial public offering (IPO), which will open for public subscription on August 24.
The air freight forwarding and logistics company has attracted institutional interest at the upper end of its IPO price band of Rs 131 to Rs 138 per share. The company allotted 1.26 crore equity shares to 17 anchor investors at Rs 138 per share, according to the anchor allocation details filed with the BSE.
The anchor book includes global financial institutions such as Nomura Singapore and Citigroup, along with LC Pharos Multi Strategy Fund, Holani Venture Capital Fund, Pranitya India Opportunities Fund and IndusInd General Insurance.
Domestic mutual funds also participated in the anchor book. Bank of India Mutual Fund and Taurus Asset Management were among the investors that received shares through multiple schemes.
Skyways Air Services IPO details
The Skyways Air Services IPO has a total issue size of Rs 582.8 crore. The issue comprises a fresh issue of up to 2.89 crore equity shares worth Rs 398.8 crore and an offer for sale of up to 1.33 crore shares worth Rs 184 crore.
The IPO will open on August 24 and close on August 27. The basis of allotment is expected to be finalised on August 28, while refunds and credit of shares are scheduled for August 31. The shares are expected to list on the BSE and NSE on September 1.
The minimum bid lot is 100 shares. At the upper price band of Rs 138, retail investors will need to invest Rs 13,800 for one lot.
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Skyways Air Services IPO GMP
Skyways Air Services shares were commanding a grey market premium of Rs 50 on August 21, marking the highest GMP recorded during the available period.
At the earlier GMP of Rs 50, the implied listing price was around Rs 188, suggesting a potential gain of 36.23% over the upper price band, as per IPO Watch.
Notably, grey market premiums are unofficial and may not accurately predict the stock's actual listing performance. The premium can change before the IPO listing depending on market conditions, demand and subscription levels.
Skyways Air Services financial performance
Skyways Air Services has reported consistent growth in revenue and profitability.
Revenue from operations increased to Rs 2,812.90 crore in FY2026 from Rs 2,247.82 crore in FY2025. Profit after tax rose to Rs 63.52 crore from Rs 48.14 crore during the same period.
The company reported an EBITDA of Rs 125.65 crore in FY2026, compared with Rs 86.49 crore in FY2025. Its EBITDA margin improved to 4.47% from 3.85%. The PAT margin stood at 2.26% in FY2026.
Despite the improvement in profitability, the company operates with relatively thin margins, which remains an important factor for investors to consider alongside its borrowing levels.
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