Skyways Air Services IPO
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Skyways Air Services IPO details
Schedule of Skyways Air Services
| Issue open date | 24 Aug 2026 |
| Issue close date | 26 Aug 2026 |
| UPI mandate deadline | 26 Aug 2026 (5 PM) |
| Allotment finalization | 27 Aug 2026 |
| Refund initiation | 28 Aug 2026 |
| Share credit | 28 Aug 2026 |
| Listing date | 31 Aug 2026 |
| Mandate end date | 10 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 25 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 24 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Skyways Air Services
Skyways Air Services is an India-based logistics and freight forwarding company. The company provides a comprehensive suite of services, including air and ocean freight forwarding, warehousing, customs broking, and other value-added services for both domestic and international markets. It has a significant presence in India and a global network to serve a wide range of industries such as medical supplies, pharmaceuticals, electronics, and automotive. The company’s business model is built on an integrated logistics infrastructure, offering end-to-end supply chain support. It has consistently been ranked as a leading air freight forwarder in India based on the number of air waybills generated. The company uses proprietary technology for freight booking, shipment tracking, and providing technology-driven express cargo and parcel delivery services.
Financials of Skyways Air Services
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 582.8 |
| Fresh Issue – Proceeds go to the company | 398.8 |
| Offer for sale – Proceeds go to the existing investors | 184 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/pre-payment of borrowings | 216.79 (54.36%) |
| Working capital requirements | 130 (32.60%) |
| General corporate purposes | 52.01 (13.04%) |
Strengths
- Consistently ranked No. 1 Air Freight Forwarder in India for the last four calendar years.
- Comprehensive suite of services including air freight, ocean freight, warehousing, and customs broking.
- Strong pan-India and global network catering to diverse industries.
- Well-integrated logistics infrastructure offering end-to-end support.
- Proprietary technology products for freight booking and shipment management.
Risks
- Heavy reliance on third-party carriers exposes the business to service disruptions and cost volatility.
- High revenue concentration from a few key customers; the loss of any could negatively impact financials.
- Profitability is highly sensitive to fluctuations in freight rates and other variable operational costs.
- Subject to complex and evolving logistics laws, with a risk of significant penalties for non-compliance.
- Faces intense competition from domestic and global players, which could impact market share and pricing.