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Skyways Air Services IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Aug 24 to Aug 27 2026
Price Band ₹131 - 138
Current GMP ₹124.0 (-10.14%)
Subscription 71.25 times

IPO Details

IPO Date
24 to 27 Aug, 2026
Listing Date
Tue, Sep 1, 2026
Face Value
₹ 10 per share
Price Band
₹131 to ₹138
Issue Price
₹138 per share
Lot Size
100 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
4,22,31,600 shares (agg. up to ₹ 583 Cr)
Fresh Issue
2,88,98,300 shares (agg. up to ₹ 399 Cr)
Offer for Sale
1,33,33,300 shares of ₹ 10 (agg. up to ₹ 184 Cr)
Share Holding Pre Issue
11,64,45,244 shares
Share Holding Post Issue
14,53,43,544 shares

IPO Subscription Details

Anchor
1
QIB (Ex Anchor)
139.69
NII
87.24
bNII (> ₹10L)
91.33
sNII (< ₹10L)
79.04
Retail
25.40
Total **
71.25

Day Wise Sub

DayAug 2 4 (Day 1)
QIB (Ex Anchor)0.46
NII0.92
NII (> ₹10L)0.61
NII (< ₹10L)1.53
Retail1.66
Total1.16
DayAug 2 5 (Day 2)
QIB (Ex Anchor)0.47
NII2.58
NII (> ₹10L)1.86
NII (< ₹10L)4.01
Retail3.54
Total2.46
DayAug 2 6 (Day 3)
QIB (Ex Anchor)0.49
NII6.91
NII (> ₹10L)5.43
NII (< ₹10L)9.88
Retail6.97
Total5.11
DayAug 2 7 (Day 4)
QIB (Ex Anchor)139.69
NII87.24
NII (> ₹10L)91.33
NII (< ₹10L)79.04
Retail25.40
Total71.25

Day Wise GMP

GMP Date01-09-2026
IPO Price138
GMP32 (23.19%)
Est. Listing Price170
GMP Date31-08-2026
IPO Price138
GMP32 (23.19%)
Est. Listing Price170
GMP Date30-08-2026
IPO Price138
GMP39.5 (28.62%)
Est. Listing Price177.5
GMP Date29-08-2026
IPO Price138
GMP39.5 (28.62%)
Est. Listing Price177.5
GMP Date28-08-2026
IPO Price138
GMP37 (26.81%)
Est. Listing Price175
GMP Date27-08-2026
IPO Price138
GMP44 (31.88%)
Est. Listing Price182
GMP Date26-08-2026
IPO Price138
GMP42 (30.43%)
Est. Listing Price180
GMP Date25-08-2026
IPO Price138
GMP29 (21.01%)
Est. Listing Price167
GMP Date24-08-2026
IPO Price138
GMP32 (23.19%)
Est. Listing Price170
GMP Date23-08-2026
IPO Price138
GMP32 (23.19%)
Est. Listing Price170
GMP Date22-08-2026
IPO Price138
GMP37 (26.81%)
Est. Listing Price175
GMP Date21-08-2026
IPO Price138
GMP45 (32.61%)
Est. Listing Price183
GMP Date20-08-2026
IPO Price138
GMP50 (36.23%)
Est. Listing Price188
GMP Date19-08-2026
IPO Price138
GMP42 (30.43%)
Est. Listing Price180
GMP Date18-08-2026
IPO Price138
GMP40 (28.99%)
Est. Listing Price178
GMP Date17-08-2026
IPO Price138
GMP31 (22.46%)
Est. Listing Price169
GMP Date16-08-2026
IPO Price138
GMP28 (20.29%)
Est. Listing Price166
GMP Date15-08-2026
IPO Price138
GMP28 (20.29%)
Est. Listing Price166
GMP Date14-08-2026
IPO Price138
GMP28 (20.29%)
Est. Listing Price166
GMP Date13-08-2026
IPO Price0
GMP19 (0%)
Est. Listing Price19

IPO Important Dates

IPO Open
Mon, Aug 24, 2026
IPO Close
Thu, Aug 27, 2026
Allotment
Fri, Aug 28, 2026
Refund
Mon, Aug 31, 2026
Credit of Shares
Mon, Aug 31, 2026
Listing
Tue, Sep 1, 2026

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares100
Amount₹13,800
ApplicationRetail (Max)
Lots14
Shares1,400
Amount₹1,93,200
ApplicationS-HNI (Min)
Lots15
Shares1,500
Amount₹2,07,000
ApplicationS-HNI (Max)
Lots72
Shares7,200
Amount₹9,93,600
ApplicationB-HNI (Min)
Lots73
Shares7,300
Amount₹10,07,400

Financial Information

Period EndedAssets
31 Mar 20261,508.24
31 Mar 20251,321.64
31 Mar 2024790.35
Period EndedTotal Income
31 Mar 20262,839.67
31 Mar 20252,270.99
31 Mar 20241,316.81
Period EndedProfit After Tax
31 Mar 202663.52
31 Mar 202548.14
31 Mar 202434.49
Period EndedEBITDA
31 Mar 2026125.65
31 Mar 202586.49
31 Mar 202448.34
Period EndedNET Worth
31 Mar 2026332.64
31 Mar 2025247.14
31 Mar 2024154.26
Period EndedTotal Borrowing
31 Mar 2026624.06
31 Mar 2025558.43
31 Mar 2024357.34

Key Performance Indicator

ROE
14.15%
ROCE
18.11%
Debt/Equity
1.26
RoNW
12.33%
PAT Margin
2.26%
EBITDA Margin
4.47%
NAV
28.91
Price to Book Value
4.77

IPO Reservation

QIB
2,10,80,000
− Anchor Investor
1,26,48,000
− QIB (Ex. Anchor)
84,32,000
NII (HNI)
63,51,600
− bNII > ₹10L
42,34,400
− sNII < ₹10L
21,17,200
Retail
1,48,00,000
Total
4,22,31,600

Information about 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. The Company has a strong market position and global connectivity, being consistently ranked No. 1 Air Freight Forwarder in terms of AWBs generated by World ACD for the last four calendar years from 2022 to 2025. Its operations are supported by strategic alliances with leading international airlines, including Saudi Cargo, Air India Cargo, Emirates and Lufthansa, along with memberships in global logistics networks such as WCA, AOP, C5C, MGLN, GFA and TWIG. The Company has also developed proprietary technology platforms such as SLS HIKE, SLS 100X, SLS 100X 2.0, Cargo Dash, Skart-Edge and the upcoming ASAP platform to support freight booking, shipment tracking, workflow automation, documentation and operational reporting. As of June 30, 2026, the Company had 320 employees across top-level management, accounts and finance, HR and administration, global logistics and corporate strategy, sales and marketing, and operations. The Company also has a broader employee base of 1,193 employees across the Company and its subsidiaries as of March 31, 2026. Its technology subsidiary, sGate Tech Solutions Private Limited, further supports the digital transformation of its logistics operations. Strengths

Objectives of IPO

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: #: Issue Objects 1: Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary Forin Container Line Pvt.Ltd.. 2: Funding incremental working capital requirements of the Company. 3: General Corporate Purposes : Total

Disclaimer

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