Skyways Air Services initial public offering (IPO) is set to open for subscription on August 24, 2026. According to the Red Herring Prospectus (RHP), the ₹582.80 crore book-built issue comprises a fresh issue of up to ₹398.80 crore and an offer for sale (OFS) of up to ₹184.00 crore by its existing shareholders.

The IPO will remain open until August 27, 2026, while the anchor investor portion will open for subscription on August 21, 2026. The basis of allotment is expected to be finalised on August 28, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on September 1, 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:

Event	Date
Subscription Opening Date	24 August 2026
Subscription Closing Date	27 August 2026
Basis of Allotment Date	28 August 2026
Refund Initiation Date	31 August 2026
Credit of Shares	31 August 2026
Listing on BSE and NSE	1 September 2026

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

Explore other Upcoming IPOs on BSE and NSE.

Skyways Air Services IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹138 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	100	₹13,800
Retail (Maximum)	14	1,400	₹1,93,200
sNII (Minimum)	15	1,500	₹2,07,000
bNII (Minimum)	73	7,300	₹10,07,400

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

Incorporated in December 1984, Skyways Air Services Limited (SASL) is a logistics and freight forwarding company offering air and ocean freight forwarding, trucking, warehousing, customs broking and express cargo services. It has evolved from a Custom House Agent into a multimodal logistics provider serving domestic and international markets.

SASL was ranked the No. 1 air freight forwarder by AWBs generated by World ACD for four consecutive years from 2022 to 2025. Its operations are supported by partnerships with major airlines and proprietary technology platforms for freight booking, tracking and workflow automation. As of June 30, 2026, the company had 320 employees.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	2,812.89	2,247.82	1,289.11
EBITDA	125.65	86.49	48.34
Profit After Tax (PAT)	63.52	48.15	34.49