Skyways Air IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 1,316.81 | 2,270.99 | 2,839.67 |
| Expense | 1,268.43 | 2,204.16 | 2,751.10 |
| Profit (PAT) | 34.49 | 48.14 | 63.52 |
| Total Assets | 790.35 | 1,321.64 | 1,508.24 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Delhivery Ltd | 2.04 | 260.00 | 1.58 | 129.40 | 10,508.31 Cr |
| TVS Supply Chain Solutions Ltd | 2.59 | 54.00 | 5.62 | 46.09 | 11,002.97 Cr |
| Mahindra Logistics Limited | 0.25 | 1,548.00 | 0.19 | 130.57 | 6,999.30 Cr |
| Shadowfax Technologies Limited | 2.22 | 104.00 | 6.40 | 34.04 | 4,202.44 Cr |
Promoters: Mr. Yashpal Sharma and Mr. Tarun Sharma
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 11,24,25,918 | 81.97% |
Strengths & Risks
- Strong grey-market premium — +31% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Revenue grew 25% in the latest reported year.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Thin profit margin — 2.2%.
- Elevated leverage — debt/equity of 1.88.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Since its establishment in 1984, Skyways Air Services Limited (SASL) has been engaged in air freight forwarding and the logistics sector in India. It offers a wide range of logistics solutions, such as air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services to serve the diverse needs of clients across domestic as well as international markets. Started its operations as a Custom House Agent (CHA) and now a Custom Broker License holder, over the years, it gradually expanded its services to match market needs and global trends. Logistics planning, cargo handling, warehousing and inventory management, documentation, customs clearance, and complete end-to-end distribution are the company’s Value-added services. Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa are some of the well-known global airlines in partnerships with Skyways air services. The constant global presence and continued expansion of its services enable the business to grow consistently.
| Purpose | Amount (Cr) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and our Subsidiary “Forin Container Line Private Limited”. | 216.79 |
| Funding incremental working capital requirements of the Company. | 130.00 |
| General Corporate Purpose | - |
Resources & Documents
Skyways Air Services Ltd., RZ 128-129A,, Mahipalpur Extension, NH-8,, Delhi, New Delhi, 110037
Skyways Air has set a price band of Rs 131–Rs 137 per share for an issue size of Rs 583 crore. The Mainboard issue is scheduled to open for subscription on August 24, 2026 — 4 days from now.
Since its establishment in 1984, Skyways Air Services Limited (SASL) has been engaged in air freight forwarding and the logistics sector in India. It offers a wide range of logistics solutions, such as air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services to serve the diverse needs of clients across domestic as well as international markets.
The issue is promoted by Mr. Yashpal Sharma and Mr. Tarun Sharma with Holani Consultants Pvt. Ltd., Shannon Advisors Pvt. Ltd., Dolat Finserv Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and our Subsidiary “… (Rs 217 crore) and Funding incremental working capital requirements of the Company. (Rs 130 crore).
Grey market is quoting a premium of +Rs 42 (+30.7% over issue price), up Rs 22 from the previous session.
On fundamentals, the company is posting revenue growth of 25.0%, a profit margin of 2.2%, return on equity of 14.2% in its most recent reported period. Listed peers in this segment include Delhivery Ltd (P/E 260.00x) and TVS Supply Chain Solutions Ltd (P/E 54.00x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Skyways Air IPO GMP — What It Means
The latest grey market premium for Skyways Air IPO is ₹42 (+30.7%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Skyways Air it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Skyways Air GMP history and trend, or learn how grey market premium works and how reliable it is.
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