Skyways Air Services has announced an ₹Rs 131-138 per share price band for its upcoming IPO, aiming to raise funds for debt repayment and working capital, as it leverages growth in revenue and strategic airline partnerships.
Skyways Air Services has set the price band for its initial public offering at Rs 131 to Rs 138 a share, with the issue scheduled to open on 24 August 2026 and close on 27 August 2026, according to Logistics Insider. The company said the minimum application size will be 100 shares, with bids allowed in multiples of that lot thereafter.
The proposed issue combines a fresh sale of up to 28,898,300 shares and an offer for sale of up to 13,333,300 shares by existing shareholders. Skyways said it plans to use Rs 216.78 crore from the fresh issue to repay or prepay borrowings at the company and its subsidiary, Forin Container Line Private Limited, while Rs 130 crore will support working capital. Any balance will go towards general corporate purposes.
Founded in 1984, Skyways is an air freight forwarding and logistics company that also handles ocean freight, trucking, warehousing, customs broking, express cargo and parcel delivery. The company says its technology systems support booking, tracking, workflow automation and reporting. It also said World ACD Market Data ranked it the No. 1 air freight forwarder by airway bill generation in each of the past four years.
The company has also built ties with major airlines including Saudi Cargo, Air India Cargo, Emirates and Lufthansa, while its agreement with Qatar Airways is being renewed. Skyways reported revenue from operations of Rs 2,812.9 crore in FY26, up from Rs 1,289.1 crore in FY24, and net profit of Rs 63.5 crore, compared with Rs 34.49 crore two years earlier. Holani Consultants, Shannon Advisors and Dolat Finserv are the book-running lead managers, with Bigshare Services as registrar. The shares are proposed to list on the NSE and BSE. Earlier IPO trackers had pointed to a March timetable, but the latest announcement and red herring prospectus filed on 11 August 2026, along with a corrigendum dated 12 August 2026, indicate the August schedule now taking precedence.
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