Skyways Air Services IPO
Skyways Air Services IPO Details
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Skyways Air Services IPO Timeline
Last Updated: 20 March 2026 5:15 PM by 5paisa
Skyways Air Services Limited (SASL) is a leading logistics and air freight forwarding company in India, providing comprehensive solutions including air and ocean freight, trucking, warehousing, customs broking, and express cargo delivery. The company offers end-to-end services such as logistics planning, cargo handling, inventory management, documentation, and distribution. Supported by a robust IT-enabled platform, SASL maintains a strong global network through alliances with organizations like WCA, AOP, CLN, MGLN, GFA, and TWIG, and strategic agreements with international airlines including Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa ensure wide connectivity. Evolving into a multi-modal logistics provider, the company also operates cold storage facilities near Indira Gandhi International Airport for temperature-sensitive cargo, integrating air, ocean, road, and express delivery.
Established in: 1984
Managing Director: Yashpal Sharma
Peers:
| Metric |
Skyways Air Limited |
Delhivery Ltd |
TVS Supply Chain Solutions Ltd |
Mahindra Logistics Limited |
|---|---|---|---|---|
|
Face Value |
10 | 1 | 1 | 10 |
|
Total Revenue |
2247.82 | 8931.90 | 9995.72 | 6104.83 |
|
EPS (Basic) |
3.71 | 2.19 | -0.31 | -4.97 |
| EPS (Diluted) | 3.71 | 2.14 | -0.31 | -4.97 |
| P/E | - | 188.71 | NA | NA |
| RONW (%) | 15.85 | 1.72 | -0.75 | -8.19 |
| NAV | 23.40 | 126.51 | 40.84 | 60.71 |
Skyways Air Services Objectives
1. Partially or fully settle outstanding borrowings of the Company and its subsidiary, amounting to ₹216.79 Cr
2. Support the Company’s growing working capital requirements, amounting to ₹130.00 Cr
3. Utilize residual funds for corporate and operational purposes
Skyways Air IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹4.22 Cr |
| Offer For Sale | ₹2.89 Cr |
| Fresh Issue | ₹1.33 Cr |
Skyways Air IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S - HNI (Max) | |||
| B - HNI (Min) |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 1,48,4.12 | 1289.11 | 2247.82 |
| EBITDA | 5,8.71 | 48.34 | 86.49 |
| PAT | 37.90 | 34.49 | 48.14 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 448.29 | 790.35 | 1321.64 |
| Share Capital | 10.44 | 10.44 | 112.43 |
| Total Liabilities | 448.29 | 790.35 | 1321.64 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 71.59 | -9.04 | 2.01 |
| Net Cash Generated From / (used in) Investing Activities | 76.16 | - 131.01 | -152.29 |
| Net Cash Generated From / (used in) Financing Activities | - 10.66 | -155.34 | -221.49 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -15.24 | 15.29 | 71.21 |
Strengths
1. Central geographic location enhances domestic and international distribution.
2. Strong economic growth drives rising demand for air cargo services.
3. Expanding air cargo market with projected CAGR of 5.8% through 2034.
4. Advanced technology adoption improves efficiency, tracking, and customer satisfaction
Weaknesses
1. Limited airport infrastructure causes delays and higher operational costs.
2. Complex regulations and customs procedures slow cargo movement.
3. High operational costs due to fuel, maintenance, and airport charges.
4. Underdeveloped regional connectivity restricts reach beyond major cities
5. Business performance remains sensitive to broader economic changes affecting operational income
Opportunities
1. Rapid e-commerce growth increases demand for fast and reliable delivery.
2. Government initiatives support logistics modernization and regulatory ease.
3. Investments in cargo terminals and integrated logistics parks enhance capacity.
4. Regional trade agreements open new markets and cross-border cargo volumes.
Threats
1. Intense competition from road, rail, sea, and international carriers.
2. Environmental regulations could increase costs and operational constraints.
3. Global economic and geopolitical uncertainties can disrupt trade and revenue.
4. Health crises and pandemics may severely affect operations and labor availability.
1. Integrated road, air, and cross-border logistics network enhancing service flexibility.
2. Strong revenue scale with FY25 PAT of ₹162 Cr and continued growth in FY26.
3. Proprietary tech platform enabling real-time tracking and optimized delivery.
4. Large and diverse customer base of 30,000+ clients mitigating concentration risk.
5. Focus on automation and strategic partnerships to drive efficiency and expansion.
1. India’s air cargo sector is critical for transporting time-sensitive and high-value goods, with rising demand from pharma, electronics, automotive, and e-commerce.
2. Government-backed infrastructure development and digital initiatives are improving cargo handling, turnaround times, and operational transparency.
3. Adoption of cargo tracking technologies, multimodal logistics, and express services is enhancing sector efficiency and reliability.
4. Key players combine specialized freight forwarding with integrated logistics solutions, leveraging technology, scale, and pan-India presence.
5. Fleet modernization, airport expansion, and UDAN regional connectivity projects are boosting domestic and international aviation capabilities.
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FAQs
Skyways Air IPO opens from March 18, 2026 to March 20, 2026.
The size of Skyways Air IPO is approximately ₹ crore.
The price band of Skyways Air IPO is fixed at ₹ to ₹ per share.
To apply for Skyways Air IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Skyways Air IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is shares, requiring an investment of approximately ₹.
The share allotment date of Skyways Air IPO is March 23, 2026.
The Skyways Air IPO will likely be listed on March 25, 2026.
Holani Consultants Pvt.Ltd is the book-running lead manager.
1. Repay or prepay existing loans of the Company and its subsidiary Forin Container Line Private Limited, amounting to ₹216.79 Cr
2. Fund additional working capital requirements of the Company, amounting to ₹130.00 Cr
3. Allocate remaining proceeds for general corporate purposes