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Skyways Air Services IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 1 Sep 2026
· updated 2 months ago
Price band
₹131 – 138
GMP
+₹33
Est. listing price₹171
Est. listing gain23.91%
Issue size₹582.8 Cr
Skyways Air Services IPO Details
Open DateMon, 24 Aug 2026
Close DateThu, 27 Aug 2026
Listing DateTue, 1 Sep 2026
Listing AtBSE, NSE
Price Band₹131 – 138 per share
Lot Size100 shares
Min. Investment₹13,800
Issue Size₹582.8 Cr
Skyways Air Services IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Mon, 24 Aug
IPO Closes
Thu, 27 Aug
Basis of Allotment
Fri, 28 Aug
Tentative
Refunds Initiated
Mon, 31 Aug
Tentative
Shares Credited to Demat
Mon, 31 Aug
Tentative
Listing Date
Tue, 1 Sep
Skyways Air Services IPO GMP Today
All IPO GMP
GMP today
+₹33
Est. listing price
₹171
Est. gain %
23.91%
Est. profit / lot
₹3,300
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Skyways Air Services IPO Subscription Status
As of 27 Aug, 7:00 PM
Retail (RII)
25.40x
NII / HNI
87.24x
bHNI (>₹10L)
91.33x
sHNI (₹2–10L)
79.04x
QIB
139.69x
Total
71.25x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
Skyways Air Services IPO Listing Price & Gain
Issue price₹138
Listing price (NSE)₹124
Listing gain-10.14%
Listing-day close₹125.56 (-9.0%)
The last GMP before listing (₹33) pointed to about ₹171; the shares opened 34.1 points below that estimate. How accurate is GMP?
Skyways Air Services IPO Allotment Status
The registrar for this IPO is Bigshare Services. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Skyways Air Services IPO Lot Size & Minimum Investment
At upper price band of ₹138| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹13,800 |
| Retail (Max) | 14 | 1,400 | ₹1,93,200 |
| S-HNI (Min) | 15 | 1,500 | ₹2,07,000 |
| S-HNI (Max) | 72 | 7,200 | ₹9,93,600 |
| B-HNI (Min) | 73 | 7,300 | ₹10,07,400 |
Skyways Air Services IPO analysis: what the numbers say
Skyways Air Services is a reputable logistics and freight forwarding business with more than 40 years of experience in the Indian air freight forwarding and logistics industry. The ₹582.8 Cr issue combines a fresh issue of ₹399 Cr, which goes to the company, and an offer for sale (OFS) of ₹184 Cr by existing shareholders, so about 68% of the money raised reaches the business. Promoter holding falls from 79.14% to 56.82% after the issue.
Revenue rose from ₹1,316.81 Cr in FY24 to ₹2,839.67 Cr in FY26, a compound annual growth of 46.8%. Profit after tax grew from ₹34.49 Cr to ₹63.52 Cr. That is a net profit margin of 2.2% in FY26. Borrowings were 4.53 times net worth at the end of FY26.
The issue closed subscribed 71.25x overall (QIB 139.69x, NII 87.24x and retail 25.40x). Skyways Air Services listed at ₹124 on 1 Sep 2026, -10.1% against the issue price of ₹138. The last GMP before listing had pointed to about ₹171, so it opened 34.1 points below the grey market estimate. It closed the first day at ₹125.56 (-9.0%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Skyways Air Services IPO Issue Structure
Fresh issue ₹399 Cr (68.4%)
Offer for sale ₹184 Cr (31.6%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)79.14%
Promoter holding (post)56.82%
- Promoters
- Yashpal Sharma, Tarun Sharma
- Book running lead managers
- Holani Consultants Pvt. Ltd.
Objects of the Skyways Air Services IPO
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary, Forin Container Line Pvt.Ltd. ~ Rs. 216.79 Cr.
- Funding incremental working capital requirements of the Company. ~ Rs. 130 Cr.
- General Corporate Purposes.
Skyways Air Services IPO Strengths & Risks
Strengths
- More than 40 years of experience in the logistics and freight forwarding sector.
- According to World ACD, the top air freight forwarder by AWBs for four years in a row.
- Extensive selection of logistics solutions for roads, air, sea, warehouses, and customs.
- Robust worldwide network with connections in global logistics and airline agreements.
- Logistical operations powered by technology that facilitate scheduling, tracking, and workflow automation.
Risks
- Despite their expansion, many Indian airports still struggle with issues including outdated equipment, insufficient warehousing space, and poor cargo handling facilities. These restrictions may result in delays and higher operating expenses.
- The quick flow of commodities is frequently hampered by complicated customs procedures and bureaucratic obstacles. Protracted clearance procedures can reduce the benefits of air freight's speed, which can impact the effectiveness of the supply chain as a whole.
- Compared to other means of transportation, air freight is intrinsically more costly. Price-conscious consumers may be turned off by factors including fluctuating fuel prices, expensive airport fees, and maintenance expenditures.
Skyways Air Services Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 1,316.81 | 2,270.99 | 2,839.67 |
| Profit after tax | 34.49 | 48.14 | 63.52 |
| Net worth | 154.26 | 247.14 | 332.64 |
| Total assets | 790.35 | 1,321.64 | 1,508.24 |
| Total borrowings | 790.35 | 1,321.64 | 1,508.24 |
| PAT margin | 2.62% | 2.12% | 2.24% |
Skyways Air Services Key Performance Indicators (KPIs)
ROE14.15%
ROCE18.11%
RoNW12.33%
About Skyways Air Services IPO
Skyways Air Services is a mainboard IPO worth ₹582.8 crore with a price band of ₹131 – 138 per share. The issue opens on 24 August 2026 and closes on 27 August 2026. Shares are expected to list on 1 September 2026 on BSE, NSE.
Skyways Air Services IPO is a Mainboard IPO with an issue size of Rs. 582.80 Cr by Skyways Air Services Limited, which is a reputable logistics and freight forwarding business with more than 40 years of experience in the Indian air freight forwarding and logistics industry.
The company offers a wide range of logistical solutions, such as technology-driven express cargo and parcel delivery, trucking, warehousing, customs brokerage, air and ocean freight forwarding, and other value-added services.
For the last four calendar years, from 2022 to 2025, the company has continuously been listed as the top air freight forwarder in terms of AWBs created by World ACD, demonstrating its strong market position and global connectedness.
Skyways Air Services IPO: FAQs
What is the subscription status of Skyways Air Services IPO?
The issue closed subscribed 71.25x overall (QIB 139.69x, NII 87.24x and retail 25.40x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of Skyways Air Services IPO?
Skyways Air Services listed at ₹124 on 1 Sep 2026, -10.1% against the issue price of ₹138. The last GMP before listing had pointed to about ₹171, so it opened 34.1 points below the grey market estimate. It closed the first day at ₹125.56 (-9.0%).
What is the price band of Skyways Air Services IPO?
The Skyways Air Services IPO price band is ₹131 – 138 per share and the issue size is ₹582.8 crore.
What is the lot size and minimum investment for Skyways Air Services IPO?
One lot of Skyways Air Services IPO has 100 shares. The minimum application for retail investors is 1 lot (100 shares), which costs ₹13,800 at the upper price band.
When does Skyways Air Services IPO open and close?
Skyways Air Services IPO opens for subscription on Monday, 24 August 2026 and closes on Thursday, 27 August 2026. Bids are accepted until 5 PM on the closing day.
What is the Skyways Air Services IPO allotment date?
The basis of allotment for Skyways Air Services IPO is expected to have been finalised on Friday, 28 August 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Skyways Air Services IPO allotment status?
Visit the website of the registrar, Bigshare Services, select Skyways Air Services IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Skyways Air Services IPO listing date?
Skyways Air Services shares listed on BSE, NSE on Tuesday, 1 September 2026 at ₹124 per share.
Is Skyways Air Services a mainboard or SME IPO?
Skyways Air Services is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 28 Sep 2026, 11:55 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.