Skyways Air Services IPO: Price Band Set, Opens Aug 24

Skyways Air Services is launching its 100% book-building IPO, offering 4,22,31,600 shares with a face value of Rs 10 each. The issue opens on August 24, 2026, and closes on August 27, 2026.

IPO Key Figures

• Price band: Rs 131-138 per equity share.
• Lower pricing: 13.10 times its face value.
• Higher pricing: 13.80 times its face value.
• Listing targets: BSE and NSE.

The allocation strategy dictates that not more than 50% of the issue will go to Qualified Institutional Buyers (QIBs), including 5% for mutual funds. The remaining shares are split between non-institutional bidders and retail investors.

• Non-institutional bidders: Not less than 15% of the issue.
• Retail investors: The remaining 35%.

Management Team

Holani Consultants, Shannon Advisors, and Dolat Finserv are the book-running lead managers for the IPO. Hitesh Kumar serves as the compliance officer for the issue.

About Skyways Air Services

Skyways Air Services (SASL) operates in India’s air freight forwarding and logistics sector, providing a comprehensive suite of services. These include air freight forwarding, ocean freight forwarding, trucking, warehousing, and custom broking.

The company also offers technology-driven express cargo and parcel delivery, along with Value-Added Services (VAS) across domestic and international markets. SASL has developed proprietary technology platforms for freight booking and shipment tracking.

Operational History & Partnerships

Starting as a Custom House Agent (CHA), SASL has expanded its offerings over four decades, building an integrated logistics infrastructure. This supports end-to-end supply chain needs.

SASL maintains strategic alliances with several international air freight carriers to enhance global reach. Key airline partners include Saudi Cargo, Air India Cargo, Emirates, and Lufthansa; Qatar Airways is currently in a renewal process.