Skyways Air Services IPO
Logistics • ₹582.8 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- The company is 100% dependent on third-party carriers for cargo transportation, as it does…
- The company’s air freight realisation declined from Rs 280 per kg in FY25 to Rs 258 per kg…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹138
Lot Size
100 shares
Issue Size
₹582.8 Cr
Open
24 Aug 2026
Close
27 Aug 2026
Subscription
71.1×
IPO Schedule
| Issue Open Date | 24 Aug 2026 |
| Issue Close Date | 27 Aug 2026 |
| Allotment Date | 28 Aug 2026 |
| Listing Date | 31 Aug 2026 |
About Skyways Air Services
Skyways Air Services Limited, established in 1984, is engaged in the air freight forwarding and logistics business. Its services include air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo and parcel delivery, cargo handling, logistics planning and management, and documentation and customs clearance. The company also provides technology-enabled logistics services through platforms supporting freight quotations, booking management, shipment tracking, workflow management, documentation and operational reporting. Its subsidiaries operate across areas including road transportation, warehousing, ocean logistics, cross-border freight forwarding, express cargo delivery and information technology services. The company also has international subsidiaries and operations in markets including Germany, Hong Kong, the UAE, Vietnam, Cambodia, the United Kingdom, the United States, Canada and Saudi Arabia. It operates through a network across 28 cities in 12 states and one Union Territory in India. The company has also expanded its activities into logistics and cargo-related infrastructure, including cargo terminals, container freight stations, logistics parks, warehousing complexes and related facilities.
Company Details
Founders / Promoters
Mr Yashpal Sharma
Founded
1984
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Skyways Air Services — IPOFins Verdict
QuantitativeDriven by QIB demand at 139.7x and moderate disclosed risk (5/10), Skyways Air Services listed at a discount of 10.1% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- The company has a broad logistics network through global partnerships. It is affiliated with logistics networks including World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Connecting 5 Continent
- The company has a diversified customer base across multiple industries. Its customers operate across pharmaceuticals, textiles and apparel, spare parts, machinery, electronics, automotive, engineering
- The company has long-standing relationships with several customers. As of FY26, it had relationships extending over a decade with customers including A. Hartrodt (India), Cipla, J B Chemicals and Phar
- The company uses proprietary technology across its logistics operations. Its SLS 100X platform had 5,587 registered users as of the date of the prospectus and supports freight booking and shipment tra
- The company has direct and third-party integrations with major airlines. Its logistics platform is directly integrated with Qatar Airways for booking, pricing and tracking, while integrations with oth
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score −1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹138
Listing Price
₹124
Listing Gain/Loss
-10.14%
Listing Date
31 Aug 2026
Price Since Listing
Returns are measured against the ₹138 issue price.
Listing
₹124
-10.1%
1 Week
₹113.91
-17.5%
Current
₹115.55
-16.3%
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FAQ
What is the price band of Skyways Air Services IPO?
The price band is ₹138 per share with a lot size of 100 shares. Minimum investment: ₹13,800.
What does Skyways Air Services do?
Skyways Air Services Limited, established in 1984, is engaged in the air freight forwarding and logistics business. Its services include air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo and parcel delivery, cargo handling, logistics planning and management, and documentation and customs clearance. The company also provides technology-enabled logistics services through platforms supporting freight quotations, booking management, shipment tracking, workflow management, documentation and operational reporting. Its subsidiaries operate across areas including road transportation, warehousing, ocean logistics, cross-border freight forwarding, express cargo delivery and information technology services. The company also has international subsidiaries and operations in markets including Germany, Hong Kong, the UAE, Vietnam, Cambodia, the United Kingdom, the United States, Canada and Saudi Arabia. It operates through a network across 28 cities in 12 states and one Union Territory in India. The company has also expanded its activities into logistics and cargo-related infrastructure, including cargo terminals, container freight stations, logistics parks, warehousing complexes and related facilities.
Should I apply for Skyways Air Services IPO?
Skyways Air Services listed at ₹124 (-10.1% discount to the ₹138 issue price) after 71.1x subscription. IPOFins Score 6/10: Driven by QIB demand at 139.7x and moderate disclosed risk (5/10), Skyways Air Services listed at a discount of 10.1% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Skyways Air Services?
Skyways Air Services was founded by Mr Yashpal Sharma in 1984.