Skyways Air Services IPO to open August 24 at ₹138 upper band
The company reported revenue from operations of ₹2,812.9 crore in FY26, more than doubling from ₹1,289.1 crore in FY24
Mumbai-based Skyways Air Services Limited is set to launch its initial public offering (IPO) on August 24, 2026, with the price band fixed between ₹131 and ₹138 per equity share of ₹10 face value. The issue, valued at ₹583 crore, encompasses a fresh issuance of up to 2.89 crore shares and an offer-for-sale of up to 1.33 crore shares from promoters Yashpal Sharma, Tarun Sharma, and other selling shareholders. Proceeds will be used to repay outstanding debts, bolster working capital, and for general corporate purposes.
Established in 1984, Skyways specializes in air and ocean freight forwarding, trucking, warehousing, customs brokerage, and express cargo delivery. Ranked as the top air freight forwarder in India for four consecutive years (2022-2025), the company handles the highest volume of air cargo consignments. Skyways' FY26 revenue of ₹2,812.9 crore more than doubled from ₹1,289.1 crore in FY24, with net profit reaching ₹63.5 crore in FY26 from ₹34.49 crore in FY24.
The company maintains performance-based agreements with major airlines such as Air India Cargo, Emirates, Lufthansa, Saudi Cargo, and Qatar Airways. The shares are intended to be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Holani Consultants, Shannon Advisors, and Dolat Finserv serve as the book-running lead managers, while Bigshare Services acts as the registrar. Investors must submit comments in English and as full sentences, avoiding abusive or personal remarks.
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