Skyways Air Services Limited has fixed the price band at Rs 131/- to Rs 138/- per Equity Share, with a face value of Rs 10/- each, for its initial public offer. The Initial Public Offering of the Company will open for subscription on 24th August, 2026, and close on 27th August, 2026. Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter. Equity shares outstanding as on date 11,64,45,244 equity shares of Rs 10 each.
- Issue Opens: August 24, 2026
- Issue Closes: August 27, 2026
- Face Value: Rs 10
- Price Band: Rs 131 – 138 per share
- Minimum Bid Lot: 100 Equity Shares
- Listing: BSE & NSE
The IPO is a fresh issue of up to 2,88,98,300 equity shares and an offer-for-sale for up to 1,33,33,300 equity shares by promoters. The proceeds from its fresh issuance, worth Rs 216.78 crore, will be used for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary, Forin Container Line Private Limited; Rs 130.00 crore for funding incremental working capital requirements of the company; and general corporate purposes. Incorporated in 1984, the company is a long-standing participant in India’s air freight forwarding and logistics sector.
The company is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, technology-driven express cargo and parcel delivery, and a wide range of value-added services (VAS) to support the diverse needs of its clientele across domestic and international markets. As part of its continued business development, the company has rolled out several proprietary technology products and integrated them into its operations.
Its value-added services encompass: Logistics planning and management, Logistics solutions, Cargo handling operations, Warehousing solutions, Documentation and customs clearance services, and Global connectivity and operational reach. The Company has performance-based agreements with several leading global airlines, including Saudi Cargo, Air India Cargo, Emirates, Lufthansa and Qatar Airways (in the process of renewal). The Company’s revenue from operations was Rs 2,812.9 crore in FY26 as against Rs 1289.1 crore in FY24. Its net profit was Rs 63.5 crore in FY26, up from Rs 34.49 crore in FY24. The equity shares are proposed to be listed on NSE and BSE.
