Skyways Air Services IPO Day 1: Subscription Status, Timeline & Key Issue Details

Skyways Air Services's ₹582.80 crore initial public offering (IPO) opened for public subscription today, August 24, 2026, with a price band of ₹131 to ₹138 per share. As of 10:05 A.M on the first day of bidding, the issue had been subscribed 0.04 times.

The IPO will remain open for subscription until 27 August 2026. The basis of allotment is expected to be finalised on 28 August 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on 1 September 2026.

Skyways Air Services IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹582.80 crore
• Fresh Issue: Up to ₹398.80 crore
• Offer for Sale (OFS): Up to ₹184.00 crore
• Face Value: ₹10 per equity share
• Price Band: ₹131 to ₹138 per share
• Lot Size: 100 shares
• Minimum Investment Amount (Retail Investor): ₹13,800 (100 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Holani Consultants Private Limited, Shannon Advisors Private Limited, Dolat Finserv Private Limited
• Registrar: Bigshare Services Private Limited

Skyways Air Services IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Skyways Air Services IPO Day 1 Subscription Status

[August 24, 2026, 10:05 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and subsidiary “Forin Container Line Private Limited”.  
• Funding incremental working capital requirements of the company. 
• General corporate purposes.

About Skyways Air Services Limited

Founded in December 1984, Skyways Air Services Limited (SASL) is an integrated logistics and freight forwarding company providing air and ocean freight forwarding, trucking, warehousing, customs brokerage, and express cargo services. Over the years, it has expanded from a Custom House Agent into a multimodal logistics provider with operations across domestic and international markets.

The company was recognised as the No. 1 air freight forwarder based on Air Way Bills (AWBs) generated by World ACD for four consecutive years, from 2022 to 2025. Its logistics network is supported by partnerships with leading airlines and in-house technology platforms that enable freight booking, shipment tracking, and workflow automation. As of June 30, 2026, SASL employed 320 people.

 Key Financial Highlights 

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