Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Skyways Air Services Ltd. on October 31, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Skyways Air Services Ltd. IPO is a Book Build Issue of 4.22 crore equity shares consisting of a fresh issue of upto 2.89 crore equity shares and an offer for sale (OFS) of upto 1.33 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Holani Consultants Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Skyways Air IPO RHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| 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 ₹[.] Cr) |
| Fresh Issue | 2,88,98,300 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 1,33,33,300 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 11,64,45,244 shares |
| Share Holding Post Issue | 14,53,43,544 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jul 2, 2025 |
| SEBI/Exchange approval received | Fri, Oct 31, 2025 |
Skyways Air IPO comprises a total issue size of 4,22,31,600 shares. Out of which, 2,10,80,000 (49.92%) are allocated to QIB, 63,51,600 (15.04%) allocated to NII 1,48,00,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 2,10,80,000 | 49.92% |
| − Anchor Investor Shares Offered | 1,26,48,000 | 29.95% |
| − QIB (Ex. Anchor) Shares Offered | 84,32,000 | 19.97% |
| NII (HNI) Shares Offered | 63,51,600 | 15.04% |
| − bNII > ₹10L | 42,34,400 | 10.03% |
| − sNII < ₹10L | 21,17,200 | 5.01% |
| Retail Shares Offered | 1,48,00,000 | 35.04% |
| Total Shares Offered | 4,22,31,600 | 100.00% |
Incorporated in 1984, Skyways Air Services Limited (SASL) is a leading air freight forwarding and logistics company in India. The company provides a range of logistics solutions, including air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services.
Skyways Air Services Limited offers value-added services such as logistics planning and management, cargo handling operations, warehousing and inventory management, documentation and customs clearance, and end-to-end distribution.
The company operates a robust IT-enabled platform to support these services and maintains a strong global network through international alliances and affiliations with organizations such as the World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Combined Logistics Networks (CLN), Multi Group Logistics Network (MGLN), Global Freight Alliance (GFA), and the Transport Worldwide International Group (TWIG).
The company has performance-based agreements with leading international airlines, including Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa, ensuring strong connectivity and service coverage across major markets.
Skyways Air Services Limited has evolved into a multi-modal logistics provider, offering cold storage facilities near Indira Gandhi International Airport for pharmaceuticals and temperature-sensitive cargo, and an integrated platform combining air, ocean, road, and express delivery services.
As of September 30, 2025, and for the periods ending March 31, 2025, 2024 and 2023, the company and its subsidiaries had an employee base of 1,164, 1,163, 950, and 840, respectively.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,313.58 | 1,321.64 | 790.35 | 448.29 |
| Total Income | 1,340.72 | 2,270.99 | 1,316.81 | 1,496.11 |
| Profit After Tax | 25.46 | 48.14 | 34.49 | 37.90 |
| EBITDA | 57.15 | 86.49 | 48.34 | 58.71 |
| NET Worth | 305.07 | 247.14 | 154.26 | 125.19 |
| Total Borrowing | 577.05 | 558.43 | 357.34 | 175.02 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and our Subsidiary “Forin Container Line Private Limited”. | 216.79 |
| 2 | Funding incremental working capital requirements of the Company. | 130.00 |
| 3 | General corporate purposes. |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 5.54% | 19.52% |
| ROCE | 8.26% | 14.61% |
| RoNW | 5.02% | 15.85% |
| PAT Margin | 1.92% | 2.68% |
| EBITDA Margin | 4.30% | 3.75% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.13 | 3.50 |
| Promoter Holding | 81.97% |
Skyways Air IPO is a main-board IPO of 4,22,31,600 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Skyways Air IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Skyways Air IPO using UPI as a payment gateway. Zerodha customers can apply in Skyways Air IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Skyways Air IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Skyways Air IPO dates are not announced. Please check back again after some time.
Skyways Air IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Skyways Air IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Skyways Air IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Skyways Air IPO allotment status.
The Skyways Air IPO listing date is not yet announced. The tentative date of listing is .
