Mainboard IPO · NSE · Closed, awaiting listing
Skyways Air Services IPO
Skyways Air Services Limited is closed and awaiting listing, offered in a price band of ₹131 to ₹138 per share, in lots of 100 shares. Every figure below is taken from the issue's own filings and exchange disclosures.
Issue details
- Price band
- ₹131 – ₹138
- Lot size
- 100 shares
- Minimum investment
- ₹13,800
- Issue size
- ₹582.8 Cr
- Fresh issue
- ₹398.8 Cr
- Offer for sale
- ₹184 Cr
- Opens
- 24 Aug 2026
- Closes
- 27 Aug 2026
- Listing date
- 1 Sept 2026
- Registrar
- Bigshare Services Private Limited
- Symbol
- SKYWAYS
One lot of 100 shares at the upper band price of ₹138 is ₹13,800 — the smallest retail application this issue accepts.
Lead managers: Holani Consultants Private Limited, Shannon Advisors Private Limited.
Subscription status
How many times the issue has been applied for, by investor category, as reported by the exchange at 27 Aug 2026, 07:05 pm IST.
Skyways Air Services IPO — subscription by category| Category | Times subscribed |
|---|
| Qualified institutional buyers (QIB) | 139.69× |
|---|
| Non-institutional investors (NII / HNI) | 87.24× |
|---|
| Retail individual investors | 25.40× |
|---|
| Total | 71.25× |
|---|
Grey market premium (GMP)
- Latest reported GMP
- ₹46
- Implied over upper band
- 33.30%
- As of
- 27 Aug 2026, 07:05 pm IST
How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.
Skyways Air Services IPO — reported GMP history| Reported at | GMP |
|---|
| 27 Aug 2026, 07:05 pm IST | ₹46 |
|---|
| 27 Aug 2026, 04:15 pm IST | ₹46 |
|---|
| 27 Aug 2026, 03:15 pm IST | ₹42 |
|---|
| 27 Aug 2026, 02:10 pm IST | ₹42 |
|---|
| 27 Aug 2026, 01:10 pm IST | ₹42 |
|---|
| 27 Aug 2026, 12:10 pm IST | ₹42 |
|---|
| 27 Aug 2026, 11:10 am IST | ₹42 |
|---|
| 27 Aug 2026, 10:05 am IST | ₹42 |
|---|
| 27 Aug 2026, 09:00 am IST | ₹42 |
|---|
| 27 Aug 2026, 08:00 am IST | ₹42 |
|---|
| 26 Aug 2026, 09:40 pm IST | ₹24 |
|---|
| 26 Aug 2026, 07:05 pm IST | ₹24 |
|---|
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.
Reported financials
As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.
Skyways Air Services — financials from the offer document| PAT | Assets | Expense | Revenue | Period Ended |
|---|
| ₹34.49 | ₹790.35 | ₹1,268.43 | ₹1,316.81 | 2024 |
|---|
| ₹48.14 | ₹1,321.64 | ₹2,204.16 | ₹2,270.99 | 2025 |
|---|
| ₹63.52 | ₹1,508.24 | ₹2,751.10 | ₹2,839.67 | 2026 |
|---|
Strengths disclosed in the offer document
- The company is led by experienced promoters with over two decades of experience in the logistics industry.
- Skyways Air Services Limited offers a comprehensive suite of services including air cargo, ocean cargo, express cargo, parcel delivery, customs clearance, transportation of heavy goods, warehousing, and inventory management.
- The company has a broad network of partners that enhances its reach and provides access to key international routes and cargo capacities.
- Skyways Air Services Limited has cultivated enduring, long-term partnerships with its clients by consistently anticipating and adapting to their evolving logistics requirements.
- The company leverages proprietary software platforms like SLS 100X and SLS Hike for streamlined customer inquiry management and comprehensive database of Master Airway Bills.
- Skyways Air Services Limited is accredited by United Accrediting Services Limited (UASL) for ISO 9001:2015 quality management system standards.
Risk factors disclosed in the offer document
- The company's 100% dependency on carriers for cargo transportation exposes it to risks related to capacity availability, cost fluctuations, and service disruptions.
- Geopolitical tensions, conflicts, and global instability, including the Russian invasion of Ukraine, the Israel-Hamas war, the Iran-Israel conflict, and any future such hostilities or wars, may adversely impact the global economy, supply chains, and the company's business and operations.
- Any adverse developments affecting trade volumes and freight rates may have an adverse effect on the company's business, results of operations, and financial condition.
- The company relies on a limited number of suppliers and procure a significant portion of its cost of service from its Top 5 and Top 10 suppliers.
- The company's revenue is heavily reliant on its operations within certain geographical regions.
- A FIR no. 172/25 at Police Station - Economic Offence Wing, Delhi has been filed jointly against its Material Subsidiary, Brace Port Logistics Limited, the company and 7 other third parties on December 12, 2025.
- The company may be unable to fully realize the anticipated benefits of recent acquisitions and investments or any future acquisitions and investments successfully or within its intended timeframe that may adversely affect its business, financial condition, cash flows, results of operations and prospects.
These are the company's own disclosures, not Alphave's assessment. Read the offer document →
What this page will not tell you
- Whether to apply
- Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.
- What it will list at
- Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.
- Your allotment
- Allotment is decided by the registrar (Bigshare Services Private Limited) after the issue closes. Track the whole calendar in the IPO Centre.
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