
Skyways Air Services Ltd.
IPOIssue Details
Issue Size
₹582.8 Cr
Fresh Issue
– Cr
OFS
– Cr
Price Band
₹131 – ₹138
Lot Size
100
₹13,800
Face Value
₹10
Important Dates
Open Date
24 Aug 2026
Close Date
27 Aug 2026
Allotment
28 Aug 2026
Refund
31 Aug 2026
Listing
01 Sept 2026
About Company
Skyways Air Services Limited (SASL) is one of India's prominent logistics and freight forwarding companies, offering comprehensive supply chain and transportation solutions across domestic and international markets.
The company's service portfolio includes air freight forwarding, ocean freight forwarding, road transportation, warehousing, customs brokerage, and technology-enabled express cargo and parcel delivery services. It also provides end-to-end logistics support through value-added offerings such as supply chain planning, cargo handling, inventory management, customs documentation, clearance services, and distribution management.
To enhance operational efficiency, SASL utilizes a robust IT-driven logistics platform and leverages an extensive global partner network. The company is affiliated with several international logistics organizations, including the World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Combined Logistics Networks (CLN), Multi Group Logistics Network (MGLN), Global Freight Alliance (GFA), and Transport Worldwide International Group (TWIG).
Skyways has established strategic performance-based partnerships with major international carriers such as Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa. These collaborations strengthen its global connectivity and enable efficient cargo movement across key trade routes.
Over the years, the company has expanded beyond traditional freight forwarding to become an integrated multi-modal logistics provider. Its offerings include specialized cold-chain storage facilities located near Indira Gandhi International Airport, catering to pharmaceutical products and other temperature-sensitive shipments, alongside seamless air, sea, road, and express logistics solutions.
As of December 31, 2024, Skyways Air Services Limited and its subsidiaries employed 1,035 professionals. The workforce has grown steadily over the years, with employee strength standing at 950, 840, and 712 as of March 31, 2024, 2023, and 2022, respectively.
Objects of the Issue
| # | Description | Amount (₹ Cr) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary Forin Container Line Pvt.Ltd.. | ₹216.79 |
| 2 | Funding incremental working capital requirements of the Company. | ₹130 |
| 3 | General Corporate Purposes | – |
Financial Performance
Share Reservations
QIB
84,32,000
Anchor
1,26,48,000
NII
63,51,600
Retail
1,48,00,000
Employee
0
Total
4,22,31,600
Skyways Air Services Ltd. IPO Peer Comparison
The table below shows peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Skyways Air Services Ltd. | 3.56 | 3.56 | 28.91 | – | 12.33 | Consolidated |
| Delhivery Ltd | 2.04 | 2 | 129.4 | 260 | 1.58 | Consolidated |
| Tvs Supply Chain Solutions Ltd | 2.59 | 2.59 | 46.09 | 54 | 5.62 | Consolidated |
| Mahindra Logistics Ltd | 0.25 | 0.25 | 130.57 | 1,548 | 0.19 | Consolidated |
| Shadowfax Technologies Ltd | 2.22 | 2.18 | 34.04 | 104 | 6.4 | Consolidated |
Skyways Air Services Ltd. - Documents & Links
Registrar
Company contact
Skyways Air Services Ltd.
Address: RZ 128-129A, Mahipalpur Extension, NH-8, Delhi, New Delhi
cs@skyways-group.comhttps://www.skyways-air.in/