Skyways Air Services IPO: Price Band Fixed At ₹131-138; Issue Size ₹582.8 Crore
Add Preferred News Source
Skyways Air Services Ltd, one of the leading air freight forwarding and logistics companies in India, has fixed the price band for its IPO of ₹582.8 crore at ₹131-138 per share. The issue will open for subscription on 24 August. Read ahead to know more.
Skyways Air Services Ltd has fixed the price band for its initial public offering (IPO) at ₹131-138 per equity share. The company operates in air freight forwarding and logistics services.
The ₹582.8-crore IPO will open for subscription on 24 August and close on 27 August. The bidding period for anchor investors will take place before the issue opens for other investors.
Investors can bid for a minimum of 100 equity shares. Further bids can be made in multiples of 100 shares.
Key Details Of Skyways Air Services IPO
The Skyways Air Services IPO comprises a fresh issue of 2.89 crore shares worth ₹398.8 crore, through which the company will raise new capital, and an offer for sale (OFS) of 1.33 crore shares aggregating ₹184 crore, with proceeds from the OFS portion going to the selling shareholders rather than the company.
At the upper end of the price band, the company's price-to-earnings ratio based on diluted FY2026 earnings works out to 38.76 times, compared with an average industry peer-group ratio of 491 times, according to the company's IPO disclosures.
Skyways Air Services has reported a weighted average return on net worth of 14.83% over the past three financial years.
Use of Proceeds And Important Dates
According to the company, ₹216.79 crore from the net proceeds will be used for full or partial repayment of outstanding borrowings taken by the company and its subsidiary, Forin Container Line Pvt Ltd, while a further ₹130 crore has been earmarked for incremental working capital requirements.
The remaining funds will be used for general corporate purposes, taking the estimated total utilisation of net proceeds to ₹346.79 crore.
The allotment is expected to be finalised on 28 August, with listing on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) tentatively scheduled for 1 September.
Holani Consultants Pvt Ltd is the book-running lead manager for the issue, while Bigshare Services Pvt Ltd is acting as registrar.
Financial Performance And Business Overview
Skyways Air Services reported total income of ₹2,839.67 crore in FY26, up 25% from ₹2,270.99 crore in FY25, while profit after tax climbed 32% to ₹63.52 crore from ₹48.14 crore a year earlier.
Incorporated in 1984, the company offers a wide range of logistics solutions, including air and ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services.
It maintains international alliances with organisations such as the World Cargo Alliance and Global Freight Alliance, alongside performance-based agreements with international carriers, including Saudi Cargo, Air India Cargo, Turkish Airlines and Lufthansa. The company also operates cold storage facilities near Indira Gandhi International Airport for pharmaceuticals and temperature-sensitive cargo.
Also Read - TCS Share Price Falls Nearly 5%: Stock Hits Day’s Low After Chandrasekaran Reappointment Decision
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa is a content and SEO strategist with 10+ years of experience across fintech and FMCG. She has a knack for connecting dots others miss, spotting trends early, and finding angles on topics most miss to question.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide.
Outside work, she's drawn to art, painting and architecture, and enjoys travelling to explore them firsthand.
