Skyways Air IPO GMP Hits 32%, Debut Aug 24
Infographic: Skyways Air IPO GMP Reaches 32% Ahead of August 24 Debut
Key Highlights
Skyways Air IPO’s Grey Market Premium reaches ₹45 (32.61% premium) ahead of its August 24 subscription opening. Details on price, dates, and company.
The Skyways Air ’s (GMP) reached ₹45 per share on August 21, 2026. This indicates an estimated listing price of ₹183, a 32.61% premium over the issue price of ₹138.
The IPO is set to open for subscription from August 24 to August 27, 2026, aiming to raise ₹582.80 crore.
IPO Details at a Glance
- : ₹582.80 crore
- : ₹398.80 crore
- : ₹184 crore
- : ₹131 to ₹138 per share
- : 100 shares (minimum investment ₹13,800)
- Allotment Date: August 28, 2026 (tentative)
- : September 1, 2026 (on and )
The GMP showed a positive trend, climbing from ₹28 on August 14 to a peak of ₹50 on August 20, before settling at ₹45.
Company Performance & Profile
Skyways Air Services Ltd., established in 1984, operates as a logistics and freight forwarding company. It offers air and ocean freight, trucking, warehousing, and customs broking services.
- Air Freight Forwarder Ranking: No. 1 by AWBs generated by World ACD (2022-2025)
- Proprietary Technology: SLS HIKE and Cargo Dash platforms
The company reported strong financial growth in FY2026, with total income rising approximately 25% to ₹2,839.67 crore from ₹2,270.99 crore in FY2025. Profit after tax also grew by about 32% to ₹63.52 crore, though total borrowings increased to ₹624.06 crore in FY2026.
IPO Proceeds Allocation
The IPO proceeds are primarily earmarked for debt reduction and funding working capital. Investors should consider the company’s financials beyond just GMP.
- Debt Reduction: ₹216.79 crore
- Working Capital: ₹130 crore
- General Corporate Purposes: Remainder