Q1. What is the business of Skyways Air Services?

Skyways Air Services provides end-to-end logistics solutions including air and ocean freight forwarding, warehousing, customs clearance, and supply-chain management for domestic and international clients.

Q2. Why is the company raising funds via IPO?

The company is raising funds via IPO to strengthen working capital, repay debts, expand warehousing and logistics infrastructure, and support future growth initiatives.

Q3. What is the size of the issue and where will it list?

The IPO size is 4.63 Cr Equity Shares; the equity shares will list on NSE and BSE platforms.

Q4. What are the risks to an investor?

Risks include low profit margins, high competition, dependence on trade cycles, and fuel price fluctuations affecting freight costs.

Q5. What are the potential upsides?

Upsides include strong industry growth, market leadership, diversified services, experienced promoters, and long-term customer relationships supporting scalability.

Q6. How to apply for the IPO?

Investors can apply for the IPO online through their broker’s platform, UPI-based apps, or ASBA facility via their bank account.

Skyways Air Services (NEW IPO): GMP today, Price, Review, Detail

Closed

Skyways Air Services (NEW IPO): GMP today, Price, Review, Detail

Market Cap

₹ 2,100 Crore

IPO Issue Size

~ ₹ 582.8

Expected Price by IPOCorner

₹131 – ₹138

IPO Score

*Score varies on actual price

Skyways Air Services is a leading provider of comprehensive air cargo and logistics solutions, specializing in the transportation of goods through efficient and reliable air freight operations. The company is dedicated to connecting businesses globally by offering time-sensitive and cost-effective delivery services across major destinations.

The company commenced operations (was formed) in 1984. The Chairman & Managing Director is Yashpal Sharma. Founder / Chairman: S.L. Sharma, Promoters: Yashpal Sharma and Tarun Sharma

Skyways Air Services Limited provides integrated logistics services including air-freight forwarding, ocean‐freight forwarding, trucking, warehousing, customs broking and technology-driven express cargo & parcel delivery. It serves over 7,600 clients across domestic and international markets. It is ranked India’s No. 1 air-freight forwarder in terms of air way-bill volumes for the last three years (2022-24). IPO starts for subscription on 24th Aug’26 & closes on 27th Aug’26. The price range for each share is ₹131 – ₹138 with a lot size of 100 shares.

Year	2024
Networth	~ ₹ 154.25 Cr
Revenue	~ ₹ 1289.11 Cr
EBITDA	~ ₹ 48.34 Cr
PAT	~ ₹ 34.49 Cr
EBITDA Margin	~ 3.75%
PAT Margin	~ 2.68%
Face Value	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date	Mon, Aug 24, 2026
Close Date	Thu, Aug 27, 2026
Anchor Investor Bidding	Fri, Aug 21, 2026
Allotment Date	Fri, Aug 28, 2026
Refunds& Demat Credit	Mon, Aug 31, 2026
Tentative Listing Date	Tue, Sep 1, 2026

Use Of Proceeds

Purpose	Amount
Borrowing payment	~ ₹ 216.79 Cr
Working Capital Requirement	~ ₹ 130 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2022	2023	2024
Revenue (₹ Cr)	₹ 1,658.6	₹ 1,484.1	₹ 1,289.1
PAT (₹ Cr)	₹ 46.0	₹ 37.9	₹ 34.5
Asset (₹ Cr)	₹ 464.7	₹ 448.3	₹ 790.4
Net Worth (₹ Cr)	₹ 98.2	₹ 125.2	₹ 154.3

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
27-Aug	₹131 - ₹138	₹ 47	₹ 4,700
26-Aug	₹131 - ₹138	₹ 29	₹ 2,900
25-Aug	₹131 - ₹138	₹ 32	₹ 3,200
24-Aug	₹131 - ₹138	₹ 35	₹ 3,500
23-Aug	₹131 - ₹138	₹ 33	₹ 3,300

Pros

Market leader in Indian air-freight forwarding.
Strong client base (7,600+ customers).
Consistent revenue growth.
Diversified logistics services.
Experienced management team.

Cons

Inconsistent revenue and drop in FY23 & FY24
High competition in logistics sector.
Dependence on global trade trends.
Asset-heavy operations increase costs.
Limited brand visibility beyond B2B market.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Yashpal Sharma	~48.15%
Tarun Sharma	~33.82%
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	100	1	100	₹ 13,800
Retail (Max)	100	13	1,300	₹ 179,400
HNI (Min)	100	14	1,400	₹ 193,200
HNI (Max)	100	66	6,600	₹ 910,800
Big HNI (Min)	100	67	6700	₹ 924,600

Key Performance Index (KPI)

ROE	19.52%
ROCE	14.61%
RoNW	15.85%

Lead / Book Running Lead Managers

Holani Consultants Private Limited Shannon Advisors Private Limited Dolat Finserv Capital Limited

Registrar (RTA)

Bigshare Services Private Limited

Q1. What is the business of Skyways Air Services?
Skyways Air Services provides end-to-end logistics solutions including air and ocean freight forwarding, warehousing, customs clearance, and supply-chain management for domestic and international clients.
Q2. Why is the company raising funds via IPO?
The company is raising funds via IPO to strengthen working capital, repay debts, expand warehousing and logistics infrastructure, and support future growth initiatives.
Q3. What is the size of the issue and where will it list?
The IPO size is 4.63 Cr Equity Shares; the equity shares will list on NSE and BSE platforms.
Q4. What are the risks to an investor?
Risks include low profit margins, high competition, dependence on trade cycles, and fuel price fluctuations affecting freight costs.
Q5. What are the potential upsides?
Upsides include strong industry growth, market leadership, diversified services, experienced promoters, and long-term customer relationships supporting scalability.
Q6. How to apply for the IPO?
Investors can apply for the IPO online through their broker’s platform, UPI-based apps, or ASBA facility via their bank account.