Skyways Air Services Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Skyways Air Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹138
Per ShareLot Size
100 Shares
Minimum Investment
₹13,800
Issue Size
₹582.8 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Skyways Air Services Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
70.92%
Promoter Holding (Post-Issue)
56.81%
Issue Type
Book Building
ISIN
INE0PX301025
About the Company
Our Company is a participant of India's air freight forwarding and logistics sector. The Company is engaged in providing air freight forwarding and custom broking services. Our Company also provides a wide range of Value-Added Services (VAS) through its network of Subsidiaries to support the diverse needs of its clientele across domestic and international markets. Our VAS encompass: *Logistics planning and management. *Logistics Solutions. *Cargo handling operations. *Warehousing solutions, supporting storage, inventory management. *Documentation and customs clearance services. *Global connectivity supported by strategic international tie-ups, network subsidiaries and collaborative arrangements with other logistics providers.
Industry Overview
India's air freight movement has maintained a steady upward trajectory between FY 2020 and FY 2025, growing at a CAGR of 2.2% as volumes increased from 3.33 to 3.72 million tonnes. The momentum strengthened notably in FY 2025, with overall air freight rising by 11% year-on-year, compared to 7% growth in the previous fiscal year. This trend highlights the recovery of economic activity, expansion of e-commerce logistics, and increasing reliance on faster transportation modes amid global supply chain realignments. International freight continued to dominate India's air cargo landscape, consistently contributing between 59.3% and 62.50% of total volumes during the FY 2020-25. (Source: The information contained in this section is derived from a report titled "Industry Assessment: Industry Report on Logistics in India" dated December 20, 2025 ("D&B Report") prepared by Dun and Bradstreet Information Services India Private Limited ("D&B"), and exclusively commissioned and paid by our Company only for the purposes of the Offer".
Company History
Our Company was incorporated in Delhi as "Skyways Air Services Private Limited" a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 21, 1984 issued by Registrar of Companies, Delhi and Haryana. Thereafter, our Company was converted from a private limited company to a public limited company under the provisions of the Companies Act, 2013, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on March 29, 2025. Accordingly, upon conversion the name of our Company was changed to "Skyways Air Services Limited" by deletion of the word `Private'. A fresh certificate of incorporation consequent upon conversion of our Company from private limited company to public limited company dated May 05, 2025, was issued by the Registrar of Companies, Delhi bearing Corporate Identification Number "U74899DL1984PLC019666".
Growth Strategy
- Keep growing and strengthening the scope of our current business operations.
- Increase the development of infrastructure.
- Strengthen and enhance our connections with customers.
- Improve and strengthen our technological abilities, including both software and hardware.
- Venture into rapidly developing global markets.
- Diversification of service portfolio.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 4,22,31,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. 138 per equity share (Including a Share Premium of Rs. 128 per equity share), aggregating to Rs. 582.80 Crores ("the Offer") comprises of a fresh issue of 2,88,98,300 equity shares aggregating to Rs. 398.80 Crores ("Fresh Issue") and an offer for sale of 1,33,33,300 equity shares ("Offered Shares") aggregating to Rs. 184 Crores comprising 71,20,690 equity shares by Yashpal Sharma aggregating to Rs. 98.27 Crores and 24,60,000 equity shares by Tarun Sharma aggregating to Rs. 33.95 Crores (Collectively, "Promoter Selling Shareholders") and 18,66,000 equity shares by Himanshu Chhabra aggregating to Rs. 25.75 Crores and 18,86,610 equity shares by Rohit Sehgal aggregating to Rs. 26.04 Crores (Collectively, "Other Selling Shareholder"), (the "Selling Shareholders"), and such offer for sale of equity shares by the selling shareholders, (the "Offer for Sale"). The offer will constitute 29.05 % of the post offer paid up equity share capital of the company. The company has undertaken a pre-ipo placement of 40,19,326 equity shares of face value of Rs. 10/- each at a price of Rs. 120/- per equity share aggregating to Rs. 48.23 Crores. The size of the fresh issue as disclosed in the draft red herring prospectus, aggregating to 3,29,17,700 equity shares of face value of Rs. 10/- each has been reduced by 40,19,326 equity shares of face value of Rs. 10/- each pursuant to the pre-ipo placement, subject to compliance with rule 19(2)(b) of the scrr, and accordingly, the fresh issue is for an aggregate of 2,88,98,300 equity shares of face value of Rs. 10/- each. Further, the pre-ipo placement has not exceeded 20% of the size of the fresh issue. The company has appropriately intimated the subscribers to the pre-ipo placement that there is no guarantee that the company may proceed with the offer, or the offer may be successful and will result into listing of the equity shares on the stock exchanges, and the investment is being done solely at the risk of the investor. Price Band: Rs. 138/- per equity share of face value of Rs. 10/- each. The floor price is 13.80 times of the face value. Bids can be made for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Comprehensive Range of Logistics Solutions.
- Broad network of partners that enhances our reach.
- Ability to serve multiple industries.
- Information Technology and its Infrastructure driving Operational Effectiveness.
- Long-standing business relationships with the clientele.
- Our dependence on carriers for cargo transportation exposes us to risks related to capacity availability, cost fluctuations, and service disruptions. Our entire revenue is dependent upon the availability of the carriers and any disruption will materially and adversely affect our business, results of operations, and financial condition.
- We rely on limited number of suppliers and procure 32.08%, 38.29%, 39.12 and 39.52% of our cost of service for the nine months period ended December 31, 2024, Financial Year 2024, 2023 and 2022 respectively from our Top 5 suppliers and 47.05%, 54.31%, 52.69% and 50.87% of our cost of service from our top 10 suppliers for the nine months period ended December 31, 2024, Financial Year 2024, 2023 and 2022 respectively. Any failure of us to maintain good business relations and continued arrangements with such suppliers may adversely affect our results of operations and financial condition.
- Some of our subsidiaries including step down subsidiary(ies), including the ones acquired by us, have incurred, or continue to incur, losses, which could negatively impact our financial performance.
- Any adverse developments affecting trade volumes and freight rates may have an adverse effect on our business, results of operations, and financial condition.
- We have significant working capital requirements which have historically been funded through borrowings. Any inability to access adequate working capital loans on commercially reasonable terms may adversely effect our business, financial condition and results of operations.