Skyways Air Services came to market through an IPO that opened on 24 August 2026 and closed on 27 August 2026, and the shares listed on 1 September 2026 on BSE, NSE. The price band was ₹131 to ₹138 per share and one lot was 100 shares, so the minimum application was ₹13,800. The issue size was ₹582.8 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹124, a loss of 10.1% against the issue price of ₹138. Bigshare Services Pvt Ltd was the registrar to the issue, and Holani Consultants Pvt.Ltd, Shannon Advisors Pvt.Ltd, Dolat Finserv Pvt.Ltd were the lead managers.
As of 27 August 2026.
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Overall the issue was subscribed 71.25 times.
Skyways Air Services Limited, or SASL, was incorporated in 1984 and is one of the leading air freight forwarding and logistics companies in India. The range of its logistics solutions comprises mainly air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services.The value-added services of Skyways Air Services Limited include logistics planning and management, cargo handling operations, warehousing and inventory management, documentation and customs clearance, and end-to-end distribution.
The company similarly operates a robust, IT-enabled platform to support these services, and it sustains 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).It has performance-based agreements with leading international airlines such as Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa that ensure strong connectivity and service coverage across major markets.
Skyways Air Services Limited has grown to become a multi-modal logistics player with cold storage facilities around Indira Gandhi International Airport for pharmaceuticals and temperature-sensitive cargo, and an integrated platform to offer air and ocean, road, and express delivery services. As of December 31, 2024, and for the periods ended March 31, 2024, 2023, and 2022, the company and its subsidiaries had 1,035, 950, 840, and 712 employees, respectively.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Skyways Air Services Limited finalised its anchor investor allocation on August 21, 2026, raising ₹174.54 crore from 17 anchor investors at an anchor price of ₹138 per share. The anchor book comprises 1,26,48,000 equity shares, with domestic mutual funds receiving 39.93% of the allocation through 2 fund houses across 6 schemes, including Bank of India Mutual Fund and Taurus Mutual Fund. Nil equity shares were allocated to life insurance companies and pension funds.
The remaining allocation went to a mix of foreign and domestic institutional investors, led by Pranitya India Opportunities Fund at 9.50%, followed by Holani Venture Capital Fund-I at 8.23%, IndusInd General Insurance Company Limited at 7.43%, and Vista Axis VCC-Quant Fund at 5.85%.
Mr. Yashpal Sharma, Mr. Tarun Sharma. Promoter holding 79.14% before the issue and 56.82% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Skyways Air Services IPO was a ₹582.8 crore book-built issue, comprising a fresh issue of ₹398.8 crore and an offer for sale of ₹184 crore. It was priced at ₹131–₹138 per share with a lot size of 100 shares (₹13,800). The IPO was open from August 24 to August 27, 2026 and was subscribed 71.25x. Shares listed on BSE and NSE on September 1, 2026 at ₹124, a 10.1% discount to the issue price of ₹138.
Bigshare Services Pvt Ltd is the registrar. Holani Consultants Pvt. Ltd. and 2 other book running lead managers manage the issue.
The price band of Skyways Air Services IPO is ₹131 to ₹138 per share.
The lot size of Skyways Air Services IPO is 100 shares.
The minimum investment for Skyways Air Services IPO is approximately ₹13,800 based on the upper price band.
The allotment date of Skyways Air Services IPO is Aug 28, 2026.
No GMP quote could be verified as recorded before Skyways Air Services IPO listed. A grey-market observation of ₹30 per share was recorded on 1 Sep 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹124. GMP is unofficial and does not forecast or guarantee the actual listing price.
Skyways Air Services IPO listed on Sep 1, 2026. It was issued at ₹124.0(NSE) and is currently around ₹92.17 as on 30-Oct-2026 3:30 PM, which is approximately -33.2% versus issue price. The 52-week high is ₹137.38.
You can check Skyways Air Services IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Skyways Air Services IPO allotment status on Rupix for quick and easy access.
₹131 to ₹138 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 100 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹13,800.
₹13,800, for one lot of 100 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 August 2026 and closed on 27 August 2026.
The basis of allotment was published on 28 August 2026 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 September 2026 on BSE, NSE, opening at ₹124.
The issue size was ₹582.8 crore. The fresh issue was 2,88,98,300 shares (aggregating up to ₹398.8 crore). The offer for sale was 1,33,33,300 shares (aggregating up to ₹184 crore).
It listed at ₹124 against an issue price of ₹138, a loss of 10.1 percent on listing day.