Skyways Air IPO
Market Sentiment
IPO Details
IPO Reservation
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 | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Delivery Ltd | 188.71 | 2.19 | 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% |
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
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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