The IPO is a fresh issue of up to 2,88,98,300 equity shares and an offer-for-sale for up to 1,33,33,300 equity shares by promoters Yashpal Sharma (71,20,690 Equity Shares) and Tarun Sharma (24,60,000 Equity Shares.)
FinTech BizNews Service
Mumbai, 14 August, 2026: Skyways Air Services Limited has fixed the price band of Rs 131/- to Rs 138/- per Equity Share of face value Rs 10/- each for its initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on 24th August, 2026, for subscription and close on 27th August, 2026.
Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.
Equity shares outstanding as on date 11,64,45,244 equity shares of Rs 10 each.
Skyways Air IPO is a book build issue of Rs582.80 crores. The issue is a combination of fresh issue of 2.89 crore shares aggregating to Rs398.80 crores and offer for sale of 1.33 crore shares aggregating to Rs184.00 crores.
The IPO is a fresh issue of up to 2,88,98,300 equity shares and an offer-for-sale for up to 1,33,33,300 equity shares by promoters Yashpal Sharma (71,20,690 Equity Shares) and Tarun Sharma (24,60,000 Equity Shares.)
Other selling shareholders: Himanshu Chhabra (18,66,000 Equity Shares) and Rohit Sehgal. (18,86,610 Equity Shares)
The proceeds from its fresh issuance worth Rs 216.78 crore will be for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary, Forin Container Line Private Limited, Rs 130.00 crore for funding incremental working capital requirements of the company, and general corporate purposes. Incorporated in 1984, the company is a long-standing participant of India’s air freight forwarding and logistics sector. The company is consistently ranked No. 1 “Air Freight Forwarder” in terms of AWBs generation by World ACD for last four calendar years 2025, 2024, 2023 and 2022 (Source: World ACD Market Data). It means the company handles maximum number of air cargo consignments from India to worldwide.
The company is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS) to support the diverse needs of its clientele across domestic and international markets. As part of the continued development of its business, the company has rolled out several proprietary technology products integrated them into its operation.
These platforms support freight booking, shipment tracking, workflow automation and operational reporting, with the objective of improving operational efficiency and enhancing customer satisfaction across the logistics value chain.
With over four decades of industry experience, the company has built a well-integrated logistics infrastructure that offers end-to-end support across the supply chain.
Its value-added services encompass –
• Logistics planning and management
• Logistics solutions
• Cargo handling operations
• Warehousing solutions
• Documentation and customs clearance services
• Global connectivity and operational reach
The Company has performance-based agreements with several leading global airlines, including Saudi Cargo, Air India Cargo, Emirates, Lufthansa and Qatar Airways (in the process of renewal).
The company’s revenue from operations was Rs 2,812.9 crore in FY26 as against Rs 1289.1 crore in FY24.
Its net profit was Rs 63.5 crore in FY26 as against Rs 34.49 crore in FY24.
Holani Consultants Private Limited, Shannon Advisors Private Limited and Dolat Finserv Private Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar of the offer.
The equity shares are proposed to be listed on NSE and BSE.
