Skyways Air Services Limited IPO
ListedMainboardLogistics
71.11×
Subscribed
Price band
₹138 – ₹138
Lot size
100
1 lot = ₹13,800
Issue size
₹582.8 Cr
Open – close
24 Aug 2026
to 27 Aug 2026
Listing
01 Sept 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has been analysed but reports too few of these to conclude on. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens24 Aug 2026
- Closes27 Aug 2026
- Allotment28 Aug 2026
- Listing01 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB139.69x
Non-institutionalNII / HNI87.20x
Retail individualRII25.13x
Chance of allotment
Retail25.13× subscribed
~1 in 25.1
Minimum 1 lot · 100 shares · ₹13,800 blocked
Retail is 25.13× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 25.1 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII87.20× subscribed
~1 in 87.2
Minimum 15 lots · 1,500 shares · ₹2,07,000 blocked
HNI is 87.2× subscribed. This category is allotted proportionately, so a bid receives roughly 1/87.2 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹138 – ₹138
Face value₹10
Lot size100shares
Minimum application₹13,800at cut-off
Total issue size₹582.8 Cr
Listing atMainboard
Company & valuation
ISININE0PX301025
RegistrarBIGSHARE
What the money is for
Stated use of the net proceeds
- 01Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company and our Subsidiary "Forin Container Line Private Limited"not stated
- 02Funding incremental working capital requirements of our Companynot stated
- 03General corporate purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
Criminal proceedings disclosedmedium
A FIR No. 0172 of 2025 dated December 12, 2025, has been registered with the Police Station - Economic Offences Wing, Delhi pursuant to a complaint filed by PG Paper Company Limited, United Kingdom, naming Skyways Air Services Limited as Accused No. 3 and its subsidiary, Brace Port Logistics Limited
mediumOur entire revenue is dependent upon the availability of carriers and any disruption will materially and adversely affect our business, results of operations, and financial condition.
mediumWe rely extensively on third-party carriers for the transportation of cargo, as we do not operate our own aircraft or shipping lines.
mediumOur ability to secure, maintain and renew agreements with carriers on commercially viable terms is subject to various factors including commercial negotiations, strategic priorities of such airlines, changes in industry dynamics, regulatory constraints, and availability of cargo capacity.
mediumLimited cargo capacity especially during peak demand periods or global supply chain disruptions may restrict our ability to secure space at competitive rates.
Litigation across 1 matters
A FIR No. 0172 of 2025 dated December 12, 2025, has been registered with the Police Station - Economic Offences Wing, Delhi pursuant to a complaint filed by PG Paper Company Limited, United Kingdom, naming Skyways Air Services Limited as Accused No. 3 and its subsidiary, Brace Port Logistics Limited as Accused No. 2. The Complainant has alleged that accused No. 1 in collusion with other accused persons indulged in inflated freight invoicing resulting in alleged wrongful loss to the complainant. The Complainant further alleged that the Company's subsidiary companies (i) RIV Worldwide Ltd. UK, (ii) Skyways SLS Logistik GMBH and (iii) Brace Port Logistics Limited have secured freight business with the Complainant under tainted circumstances through deliberate and coordinated actions, paying bribes to the accused no. 1 and others, fraud, misrepresentation of facts, corruption, conceal the true nature of the transactions which caused substantial financial loss to the Complainant and undermined fair commercial practices within the industry. The Complainant stated in its FIR that a business of exceeding ₹ 8,000 lakhs has been conducted by these three subsidiaries with the Complainant since the year 2021 and Complainant has suffered estimated direct loss of not less than ₹ 4,420 lakhs as a result of unlawful practices of these three subsidiaries. The Complainant further alleged that ₹ 4,420 lakhs excludes
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.1%
Listed up
6 of 8
Best
+90.0%
Shanti Inorganics
Worst
-0.7%
Mopshop Distribution
Gaja Alternative Asset Management Limitedsame segment
31.2× sub+15.6%
Juniper Green Energy Limitedsame segment
7.9× sub+8.9%
131.8× sub+90.0%
1.6× sub+0.0%
-0.7%
138.6× sub+22.1%
1.5× sub+6.9%
46.2× sub+13.4%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Skyways Air Services Limited
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.
Founded 1984MD Mr Yashpal SharmaSector Logistics
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Skyways Air Services Limited IPO subscribed?
Skyways Air Services Limited is subscribed 71.11× overall (QIB 139.69×, NII 87.20×, retail 25.13×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, BIGSHARE.
What is the minimum investment in the Skyways Air Services Limited IPO?
One lot is 100 shares, so a retail application at the ₹138 cut-off price blocks ₹13,800. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Skyways Air Services Limited IPO?
The retail portion is subscribed 25.13×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 25. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Skyways Air Services Limited IPO allotment date?
Allotment is scheduled for 2026-08-28, with listing on 2026-09-01. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, BIGSHARE.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.