Skyways Air Services IPO

About Skyways Air Services IPO

The Skyways Air Services IPO, a mainboard IPO, opens on Monday, August 24, 2026 and closes on Thursday, August 27, 2026. The allotment of shares will take place on Friday, August 28, 2026. The credit of shares to the demat account will take place on Monday, August 31, 2026. The initiation of refunds will take place on Monday, August 31, 2026. The listing of shares will take place on Tuesday, September 1, 2026.

The equity shares offered through the IPO are proposed to be listed on the BSE and the NSE.

The offer comprises a fresh issue of up to 2,88,98,300 shares, aggregating up to ₹399 crore, and an offer for sale of up to 1,33,33,300 shares, aggregating up to ₹184 crore. In total, the issue comprises up to 4,22,31,600 shares, aggregating up to ₹583 crore.

Skyways Air Services IPO's price band is set at ₹131 to ₹138 per share. The lot size for an application is 1 lot that has 100 shares. The minimum amount of investment required by a retail investor is ₹13,800 (100 shares) based on the upper price band.

Established in 1984, Skyways Air Services is a long-standing participant in India's air freight forwarding and logistics sector.

Objectives of Skyways Air Services IPO

• Repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary Forin Container Line Private.
  
• Funding incremental working capital requirements of the company.
  
• General corporate purposes.
  

Industry Outlook

The Indian logistics sector was valued at USD 215 billion in 2021 and is estimated to reach USD 357 billion by FY2026, expanding at a compound annual growth rate of 10.7%. Growth is being driven by rapid industrialisation, rising domestic consumption, and the continued expansion of e-commerce and organised retail. The domestic express logistics segment alone is projected to grow at a 14% CAGR from FY23 to FY28.

Air cargo is a high-value slice of this market. India's air freight movement rose from 3.33 million tonnes in FY2020 to 3.96 million tonnes in FY2026, a CAGR of roughly 2.9%, and grew 6.2% year on year in FY2026. International shipments dominate the mix. Their share of total air cargo climbed from 60.2% in FY2020 to 61.9% in FY2026, with international volumes reaching 2.45 million tonnes as pharmaceutical, electronics, engineering-goods and e-commerce exports expanded.

Dedicated cargo terminals and perishable-cargo centres are being developed at major airports under connectivity programmes such as UDAN and Bharatmala. As one of India's largest air freight forwarders, the company is positioned to capture rising international and express cargo volumes across these trade lanes.

About Skyways Air Services Limited

Skyways Air Services is an air freight forwarding and logistics company incorporated in Delhi in 1984. World ACD has ranked it the No. 1 air freight forwarder from India by AWB generation across calendar years 2022, 2023, 2024 and 2025. Its service portfolio covers air and ocean freight forwarding, trucking, warehousing, custom broking, express cargo and parcel delivery, and value-added services. The company operates proprietary technology platforms for freight booking, shipment tracking, workflow automation and operational reporting.

Its reach rests on partnerships. The company holds affiliations with global logistics networks including the World Cargo Alliance, Air & Ocean Partners, Connecting 5 Continents, Multi Group Logistics Network, Global Freight Alliance and the Transport Worldwide International Group, together spanning over 26,300 logistics partners and exclusive agents worldwide. Long-standing relationships with international and regional airlines secure preferred capacity, priority handling and competitive rates during peak demand.

Strengths of Skyways Air Services

• Strategic geographic position of India as a crucial hub for international trade routes connecting the east and west.
• Robust economic growth driving demand for sophisticated logistics and reliable transportation services.
• Expanding air cargo market supported by rising exports and improved airport infrastructure.
• Technological integration through automation, real-time tracking and data analytics to enhance operational efficiency and customer satisfaction.

Risks of Skyways Air Services

• Infrastructure limitations due to inadequate cargo handling facilities, limited warehousing space and outdated equipment at several Indian airports.
• Regulatory challenges arising from complex customs procedures and bureaucratic hurdles that can delay the movement of goods.
• High operational costs driven by volatile fuel prices, high airport charges and maintenance expenses.
• Limited domestic connectivity in regional and underserved areas restricting the reach of air cargo services.

Anchor Investor Bidding Date

Friday, August 21, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
Bigshare Services Private Limited
Email: ipo@bigshareonline.com
Tel: +91 22-62638200

Book Running Lead Manager(s)

• Holani Consultants Private Limited
  
• Shannon Advisors Private Limited
  
• Dolat Finserv Private Limited
  

Skyways Air Services Contact Details
RZ 128-129A, Mahipalpur Extension NH-8, New, Delhi, Delhi, India, 110037.
Email: cs@skyways-group.com
Tel No: +91 9910791501

Skyways Air Services Business Model

The company earns its revenue through integrated freight forwarding and logistics services, principally air freight forwarding, supported by ocean freight forwarding, trucking, warehousing, custom broking, express cargo and parcel delivery, and value-added services. Revenue is generated on a per-consignment and contractual basis across domestic and international trade lanes, with pricing shaped by preferred capacity allocations and rates negotiated with airline and carrier partners. The company serves corporate customers across FMCG, pharmaceuticals, automotive, textiles and engineering-goods segments, and differentiates through a single-window service model, a network of over 26,300 global logistics partners, and proprietary technology platforms for booking, tracking and workflow automation.

Skyways Air Services Growth Trajectory

Skyways Air Services's Total Income for FY26 was ₹2,839.67 crore, whereas in FY25 and FY24 it was ₹2,270.99 crore and ₹1,316.81 crore, respectively.

The Profit After Tax for FY26 was ₹63.52 crore, whereas in FY25 and FY24 it was ₹48.14 crore and ₹34.49 crore, respectively.

Their EBITDA for FY26 was ₹125.65 crore, whereas in FY25 and FY24 it was ₹86.49 crore and ₹48.34 crore, respectively.

Skyways Air Services Market Position

The Company is among India's largest air freight forwarders, ranked No. 1 by AWB generation by World ACD across calendar years 2022 to 2025. It operates across air and ocean freight, trucking, warehousing, custom broking and express delivery, supported by affiliations with global logistics networks spanning over 26,300 partners and exclusive agents worldwide. It serves clients across FMCG, pharmaceuticals, automotive, textiles and engineering-goods industries.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹2,839.67 crore, ₹63.52 crore, and ₹125.65 crore, respectively.

How to apply for Skyways Air Services IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.