Skyways Air Services Raises ₹174.5 Cr from Anchor Investors Ahead of IPO
By ThePip Desk
Skyways Air Services Ltd secured ₹174.5 crore from anchor investors on Aug 21, 2026, at ₹138/share, ahead of its IPO opening on Aug 24. Learn more about the investors and IPO details.
Skyways Air Services Ltd secured ₹174.5 crore from anchor investors on August 21, 2026. This fundraising happened right before its Initial Public Offering (IPO) opens for subscription on August 24.
Anchor Round Details
- Anchor investors received 1.26 crore equity shares.
- Shares were allotted at ₹138 apiece, the upper end of the price band.
Participating Investors
A diverse group of institutions joined the anchor round.
- Nomura Singapore
- Citi Group Global Markets Mauritius
- Holani Venture Capital Fund-I
- IndusInd General Insurance
- ASAS Global Fund
- Bank of India Mutual Fund
- Taurus Mutual Fund
IPO Structure and Timeline
The IPO is set to open on August 24 and will conclude on August 27, 2026. The price band for the offering is fixed between ₹131 and ₹138 per share.
- Fresh issue: up to 2.89 crore shares.
- Offer-for-sale: up to 1.33 crore shares by existing promoters.
Capital Allocation
Funds from the fresh issue component are earmarked for several strategic initiatives. These include repaying existing borrowings, financing incremental working capital, and covering general corporate expenditures.
Company Profile
Established in 1984, Skyways Air Services operates as an air freight forwarding and logistics firm. It offers a comprehensive suite of services from air and ocean freight to customs broking.