Skyways Air Services Limited (SASL) is a leading air freight forwarding and integrated logistics company in India, providing end-to-end supply chain solutions across multiple transportation modes.
The company offers a wide range of logistics services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services.
In addition to core logistics operations, Skyways provides several value-added services such as logistics planning and management, cargo handling, warehousing and inventory management, documentation, customs clearance, and end-to-end distribution solutions to support customers’ supply chain requirements.
The company operates on a robust IT-enabled logistics platform and has developed a strong global network through partnerships with international logistics alliances, including World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Combined Logistics Networks (CLN), Multi Group Logistics Network (MGLN), Global Freight Alliance (GFA), and Transport Worldwide International Group (TWIG).
Skyways also maintains performance-based agreements with major international airlines, including Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa, which help the company provide reliable connectivity and efficient cargo movement across global markets.
Over the years, the company has evolved into a multi-modal logistics provider, integrating air, ocean, road transportation, and express delivery services. It also operates cold storage facilities near Indira Gandhi International Airport, enabling the handling of pharmaceuticals and other temperature-sensitive cargo.
As of September 30, 2025, Skyways Air Services Limited and its subsidiaries had a workforce of 1,164 employees, reflecting steady growth from 1,163 employees in FY2025, 950 in FY2024, and 840 in FY2023.
Skyways Air Services IPO – Details
| IPO Opening Date | 18 March 2026 |
| IPO Closing Date | 20 March 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 4,22,31,600 Shares Worth ₹[] Crore Fresh Issue: 2,88,98,300 Shares Worth ₹[] Crore Offer For Sale: 1,33,33,300 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Skyways Air Services IPO – Date Schedule
| IPO Open Date | 18 March 2026 |
| IPO Close Date | 20 March 2026 |
| Basis of Allotment | 23 March 2026 |
| Initiation of Refund | 24 March 2026 |
| Credit of Shares to Demat Account | 24 March 2026 |
| IPO Listing Date | 25 March 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 20, 2026 |
Skyways Air Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- Comprehensive Range of Logistics Solutions.
- A broad network of partners that enhances its reach.
- Ability to serve multiple industries.
- Information Technology and its Infrastructure driving Operational Effectiveness.
- Long-standing business relationships with the clientele.
Company Promoters
- Mr. Yashpal Sharma
- Mr. Tarun Sharma
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹1,496.11 Cr | ₹1,443.21 Cr | ₹37.90 Cr | ₹175.02 Cr |
| 31 March 2024 | ₹1,316.81 Cr | ₹1,268.43 Cr | ₹34.49 Cr | ₹357.34 Cr |
| 31 March 2025 | ₹2,270.99 Cr | ₹2,204.16 Cr | ₹48.14 Cr | ₹558.43 Cr |
| 30 September 2025 | ₹1,340.72 Cr | ₹1,301.50 Cr | ₹25.46 Cr | ₹577.05 Cr |
Key Performance Indicator
| KPI | Values (Sep 30, 2025) |
|---|---|
| ROE | 5.54% |
| ROCE | 8.26% |
| RoNW | 5.02% |
| PAT Margin | 1.92% |
| EBITDA Margin | 4.30% |
| Pre IPO | Post IPO | |
| EPS (₹) | 4.13 | 3.50 |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and its Subsidiary, “Forin Container Line Private Limited”. | ₹216.79 |
| Funding incremental working capital requirements of the Company. | ₹130.00 |
| General corporate purposes. |
Skyways Air Services IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Delhivery Ltd | 173.00 |
| 2 | 1 | TVS Supply Chain Solutions Ltd | 31.40 |
| 3 | 10 | Mahindra Logistics Limited | – |
✅Strengths
- Integrated logistics services across air, ocean, road, warehousing, and customs.
- Strong global network through international logistics alliances.
- Partnerships with major airlines ensure strong cargo connectivity.
- A technology-driven logistics platform improving efficiency and tracking.
- Cold storage facility for pharma and temperature-sensitive cargo.
⚠️Risks
- High dependence on airline cargo capacity and pricing.
- Highly competitive logistics industry.
- Business affected by global trade and economic conditions.
- Regulatory and compliance risks in logistics operations.
- Operational disruptions like flight delays or port congestion.
Skyways Air Services IPO Promoter Holding
| Pre Issue Share Holding | 81.97% |
| Post Issue Share Holding | – |
Skyways Air Services IPO Prospectus
Company Contact Information
| Skyways Air Services Ltd. RZ 128-129A, Mahipalpur Extension NH-8, Delhi, New Delhi, 110037 Phone: +91 9910791501 Email: cs@skyways-group.com Website: https://www.skyways-air.in/ |
Skyways Air Services IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Skyways Air Services IPO Lead Manager(s)
| 1. Dolat Finserv Private Limited 2. Shannon Advisors Private Limited 3. Holani Consultants Private Limited |
Skyways Air Services IPO FAQs
| What is the Skyways Air Services IPO? Skyways Air Services IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Skyways Air Services IPO open? The IPO is to open on 18 March 2026 for QIB, NII, and Retail Investors. |
| What is Skyways Air Services IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Skyways Air Services IPO Size? Skyways Air Services IPO size is ₹[] Crore. |
| What is the Skyways Air Services IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[], while the maximum bid is [] Shares with ₹[]. |
| What is the Skyways Air Services IPO Allotment Date? Skyways Air Services IPO allotment date is 23 March 2026. |
| What is the Skyways Air Services IPO Listing Date? Skyways Air Services IPO listing date is 25 March 2026. The IPO is to be listed on the BSE and the NSE. |
