Skyways Air Services Limited’s IPO to Open on 24th August 2026, Price Band Set at Rs 131–Rs 138 Per Equity Share

Skyways Air Services Limited has fixed the IPO price band at Rs 131–Rs 138 per Equity Share. The IPO will open on 24th August and close on 27th August 2026. The minimum bid is 100 Equity Shares and multiples thereafter.

The IPO comprises a fresh issue of up to 2,88,98,300 Equity Shares and an offer-for-sale of up to 1,33,33,300 Equity Shares by promoters and other selling shareholders.

Fresh issue proceeds of Rs 216.78 crore will be used towards repayment/pre-payment of certain borrowings of the Company and its subsidiary, Forin Container Line Private Limited. Rs 130 crore will fund incremental working capital, with the balance for general corporate purposes.

Incorporated in 1984, Skyways Air Services Limited is an established player in India’s air freight forwarding and logistics sector. It has been ranked No. 1 “Air Freight Forwarder” in terms of AWB generation by World ACD for 2025, 2024, 2023 and 2022 (Source: World ACD Market Data).

The Company offers air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo and parcel delivery, and value-added logistics services. Its technology platforms support freight booking, shipment tracking, workflow automation and operational reporting.

Skyways has over four decades of industry experience and performance-based agreements with leading airlines including Saudi Cargo, Air India Cargo, Emirates, Lufthansa and Qatar Airways (in the process of renewal).

Revenue from operations increased to Rs 2,812.9 crore in FY26 from Rs 1,289.1 crore in FY24, while net profit rose to Rs 63.5 crore from Rs 34.49 crore.

Holani Consultants, Shannon Advisors and Dolat Finserv are the book-running lead managers, while Bigshare Services is the registrar. The Equity Shares are proposed to be listed on NSE and BSE.

The Company filed its RHP dated 11th August 2026 with the RoC, read with Corrigendum dated 12th August 2026. Investors should carefully review the RHP, including the “Risk Factors”, before making any investment decision. Investment in Equity Shares involves a high degree of risk.

The Equity Shares have not been and will not be registered under the U.S. Securities Act and are being offered outside the United States in reliance on Regulation S.

SEBI, BSE and NSE disclaimers apply. Investors should refer to the RHP for complete disclaimer clauses.