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IPO ·
BSE, NSE
Skyways Air Services Ltd
Listed
Incorporated in December 1984, Skyways Air Services Limited (SASL) is a well-established logistics and freight forwarding company with over four decades of experience in India’s air freight forwarding and logistics sector.
Issue details
Price band
₹131 – ₹138
Face value
₹10
Lot size
100 shares
Minimum investment
₹13,800
Issue size
₹582.80 Cr
Fresh issue
₹398.80 Cr
Offer for sale
₹184.00 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
24 Aug 2026
Closes
27 Aug 2026
UPI mandate cut-off
5:00 PM on 27 Aug 2026
Allotment
28 Aug 2026
Refunds
31 Aug 2026
Shares in demat
31 Aug 2026
Listing
1 Sep 2026
Subscription and listing
Subscription
49.98x
Listing price
₹124
Registrar
Bigshare Services Pvt Ltd
Lead manager
Holani Consultants, Shannon Advisors, Dolat Finserv
Subscription by category
Total
49.98x
Total applications
33,64,901
Anchor investors
Amount raised
₹174.54 Cr
Bid date
21 Aug 2026
50% lock-in ends
26 Sep 2026
Rest lock-in ends
25 Nov 2026
Listing day
Issue price
₹138
Open
₹124.00
High
₹136.45
Low
₹119.00
Day close
₹125.56
Listing gain at open
-10.14%
Issue structure
Shares reserved per category and share of the total issue
QIB
2,10,80,000
49.92%
Anchor Investor
1,26,48,000
29.95%
QIB (Ex. Anchor)
84,32,000
19.97%
NII
63,51,600
15.04%
bNII > ₹10L
42,34,400
10.03%
sNII < ₹10L
21,17,200
5.01%
Retail
1,48,00,000
35.04%
Total
4,22,31,600
100.00%
Finaccle’s quick read
Neutral
FY26 income up 25%, PAT up 32%, ROE 14.15%, D/E 1.26, post-issue P/E 31.58x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in December 1984, Skyways Air Services Limited (SASL) is a well-established logistics and freight forwarding company with over four decades of experience in India’s air freight forwarding and logistics sector. The Company provides a comprehensive range of logistics solutions, including air and ocean freight forwarding, trucking, warehousing, customs broking, technology-driven express cargo and parcel delivery, and other value-added services. It has evolved from a Custom House Agent into a multi-modal logistics service provider offering end-to-end supply chain solutions across domestic and international markets.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
14.15%
ROCE
18.11%
Debt / equity
1.26
PAT margin
2.26%
P/E post issue
31.58
Market cap
₹2,005.74 Cr
Use of IPO money
Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary Forin Container Line Pvt.Ltd..
₹216.79 Cr
Funding incremental working capital requirements of the Company.
₹130.00 Cr
General Corporate Purposes
₹13.97 Cr
Issue Expenses
₹55.06 Cr
Strengths
✓
Revenue up 25% in FY26 to ₹2,839.67 Cr
✓
PAT up 32% in FY26 to ₹63.52 Cr
Risks to watch
!
Thin PAT margin of 2.26%
!
32% of the issue is an offer for sale by existing shareholders
!
Debt to equity of 1.26
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.