Skyways Air Services IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2023 | 2024 | 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 1,496.11 | 1,316.81 | 2,270.99 | 1,340.72 |
| Expense | 1,443.21 | 1,268.43 | 2,204.16 | 1,301.50 |
| Profit (PAT) | 37.90 | 34.49 | 48.14 | 25.46 |
| Total Assets | 448.29 | 790.35 | 1,321.64 | 1,313.58 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Delivery Ltd | 2.19 | 188.71 | 2 |
| TVS Supply Chain Solutions Ltd | -0.31 | - | -1 |
| Mahindra Logistics Limited | -4.97 | - | -8 |
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
- Revenue grew 72% in the latest reported year.
- Strong return on equity — 20%.
- Grey-market premium is slipping during the bidding window.
- Thin profit margin — 2.1%.
Auto-generated from live GMP, subscription, valuation and financial data. 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 Services is preparing a mainboard offering. The Mainboard issue is in the upcoming pipeline with dates yet to be finalised.
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).
Current grey market activity shows a flat premium, indicating muted unofficial demand.
On fundamentals, the company is posting revenue growth of 72.5%, a profit margin of 2.1%, return on equity of 19.5% in its most recent reported period. Listed peers in this segment include Delivery Ltd (P/E 188.71x, market cap Rs 2 crore) and TVS Supply Chain Solutions Ltd (market cap Rs -1 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
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 Services IPO GMP — What It Means
The latest grey market premium for Skyways Air Services IPO is ₹0. GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Skyways Air Services 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 Services GMP history and trend, or learn how grey market premium works and how reliable it is.
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