Skyways Air Services Limited’s Initial Public Offering to Open on 24th August, 2026

POSTED BY  : ANAGHA SAKPAL DATED ON  : 14/08/2026 (9004379946)

• Price band of Rs 131 – Rs 138 per Equity Share bearing face value of Rs 10 each (“Equity Shares”)

• Bid/Offer Opening Date – 24th August, 2026 and Bid/Offer Closing Date – 27th August, 2026

• Minimum Bid Lot is 100 Equity Shares and in multiples of 100 Equity Shares thereafter

Mumbai (RMN.COM) Skyways Air Services Limited has fixed the price band of Rs 131/- to Rs 138/- per Equity Share of face value Rs 10/- each for its initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on 24th August, 2026, for subscription and close on 27th August, 2026.

Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.

Equity shares outstanding as on date 11,64,45,244 equity shares of Rs 10 each.

The IPO is a fresh issue of up to 2,88,98,300 equity shares and an offer-for-sale for up to 1,33,33,300 equity shares by promoters Yashpal Sharma (71,20,690 Equity Shares) and  Tarun Sharma  (24,60,000 Equity Shares.)

Other selling shareholders: Himanshu Chhabra (18,66,000 Equity Shares) and Rohit Sehgal. (18,86,610 Equity Shares.)

The proceeds from its fresh issuance worth Rs 216.78 crore will be for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary, Forin Container Line Private Limited, Rs 130.00 crore for funding incremental working capital requirements of the company, and general corporate purposes. Incorporated in 1984, the company is a long-standing participant of India’s air freight forwarding and logistics sector. The company is consistently ranked No. 1 “Air Freight Forwarder” in terms of AWBs generation by World ACD for last four calendar years 2025, 2024, 2023 and 2022 (Source: World ACD Market Data). It means the company handles maximum number of air cargo consignments from India to worldwide. 

The company is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS) to support the diverse needs of its clientele across domestic and international markets. As part of the continued development of its business, the company has rolled out several proprietary technology products integrated them into its operation.

These platforms support freight booking, shipment tracking, workflow automation and operational reporting, with the objective of improving operational efficiency and enhancing customer satisfaction across the logistics value chain.

With over four decades of industry experience, the company has built a well-integrated logistics infrastructure that offers end-to-end support across the supply chain. 

Its value-added services encompass – 

• Logistics planning and management 

 • Logistics solutions 

 • Cargo handling operations 

 • Warehousing solutions

• Documentation and customs clearance services

• Global connectivity and operational reach

The Company has performance-based agreements with several leading global airlines, including Saudi Cargo, Air India Cargo, Emirates, Lufthansa and Qatar Airways (in the process of renewal).

The company’s revenue from operations was Rs 2,812.9 crore in FY26 as against Rs 1289.1 crore in FY24.

Its net profit was Rs 63.5 crore in FY26 as against Rs 34.49 crore in FY24.

Holani Consultants Private Limited, Shannon Advisors Private Limited and Dolat Finserv Private Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar of the offer.

The equity shares are proposed to be listed on NSE and BSE.

Skyways Air Services Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated, 11th August 2026, with the RoC read with Corrigendum dated 12th August, 2026. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLMs, https://www.holaniconsultants.co.in/, https://www.shannon.co.in/introduction and https://dolatfinserv.com/, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://skyways-air.in/. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 29 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Offer or the specified securities stated in the Offer Documents. The investors are advised to refer to page 552 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 552 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to page 553 of the RHP for the full text of the disclaimer clause of NSE.