Skyways Air Services Sets ₹131–138 Price Band for ₹582.80-Crore IPO

Yashpal Sharma, CMD: Skyways IPO to Strengthen Balance Sheet and Fuel Next Phase of Growth

Skyways Targets Growth With Debt Reduction and Working Capital Support

Bilkul Bazaar

Ahmedabad

Skyways Air Services Limited has fixed a price band of ₹131 to ₹138 per equity share for its initial public offering (IPO), which will open for subscription on August 24 and close on August 27, 2026. The company’s senior management and IPO advisors were in Ahmedabad to announce details of the proposed public issue.

Yashpal Sharma, Chairman & Managing Director; Tarun Sharma, Director; Himanshu Chhabra, CFO; Rajiv Hariramani, Director; Rohit Sehgal, Director; and Ashok Holani, Director, were present at the interaction.

₹582.80-Crore IPO to Fund Debt Reduction and Growth

The IPO comprises a fresh issue of up to 2.89 crore equity shares and an offer for sale of up to 1.33 crore shares. At the upper end of the price band, the issue is expected to raise around ₹582.80 crore.

Of the fresh issue proceeds, ₹216.78 crore will be used for repayment or pre-payment of certain borrowings of the company and its subsidiary, Forin Container Line Private Limited. Another ₹130 crore is earmarked for incremental working capital requirements, with the balance proposed for general corporate purposes.

Yashpal Sharma said the IPO marks an important phase in Skyways Air Services’ growth journey and would strengthen the company’s balance sheet while providing resources to support its next phase of expansion.

Four Decades in Air Freight and Logistics

Founded in 1984, Skyways Air Services has more than four decades of experience in the air freight forwarding and logistics sector. The company provides air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo and parcel delivery, besides a range of value-added logistics services.

The company has consistently ranked No. 1 in India in terms of air waybills generated for the four calendar years from 2022 to 2025, according to World ACD market data.

Tarun Sharma said the company’s integrated logistics capabilities and long-standing relationships with global airlines provide a strong foundation for expanding its presence across the logistics value chain.

Technology and Airline Network

Skyways has developed proprietary technology platforms supporting freight booking, shipment tracking, workflow automation and operational reporting. The company also has performance-based agreements with leading global airlines including Saudi Cargo, Air India Cargo, Emirates, Lufthansa and Qatar Airways, with the latter agreement in the process of renewal.

Himanshu Chhabra said technology-led operations would remain an important part of the company’s strategy to improve efficiency and enhance customer service across its logistics network.

Revenue Nearly Doubles in Two Years

Skyways Air Services reported revenue from operations of ₹2,812.9 crore in FY26, compared with ₹1,289.1 crore in FY24. Its net profit increased to ₹63.5 crore in FY26 from ₹34.49 crore in FY24.

The company said the proposed listing on the NSE and BSE will provide a broader platform for its future growth and strengthen its visibility in India’s expanding logistics sector.

Minimum Investment of ₹13,800

Investors can bid for a minimum of 100 equity shares and in multiples of 100 thereafter. At the upper price band of ₹138, the minimum investment would therefore be ₹13,800.

The IPO is being managed by Holani Consultants, Shannon Advisors and Dolat Finserv, while Bigshare Services is the registrar to the issue. The equity shares are proposed to be listed on both NSE and BSE.

Skyways Air Services  IPO Snapshot

• Issue Size: ₹582.80 crore
• Price Band: ₹131–₹138 per share
• Issue Dates: August 24–27, 2026
• Fresh Issue: 2.89 crore shares
• OFS: 1.33 crore shares
• Minimum Lot: 100 shares (₹13,800 at upper band)
• Use of Funds: Debt repayment, working capital and general corporate purposes
• Listing: NSE & BSE
• FY26 Revenue: ₹2,812.9 crore
• FY26 Net Profit: ₹63.5 crore
• Lead Managers: Holani Consultants, Shannon Advisors, Dolat Finserv

Disclaimer: This article is for information purpose only and is not investment advice. Please read the IPO documents carefully before investing.

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