(R-L) Mr. Yashpal Sharma, Chairman & Managing Director and Mr. Himanshu Chhabra, Chief Financial Officer, Skyways Air Services Limited at the launch of the Company’s IPO in Mumbai.
Mumbai-based Skyways Air Services Limited will launch its initial public offering on August 24, 2026, with the price band fixed at ₹131 to ₹138 per equity share of face value ₹10 each. The offer closes on August 27, with a minimum bid lot of 100 shares.The ₹583-crore IPO comprises a fresh issue of up to 2.89 crore shares and an offer-for-sale of up to 1.33 crore shares by promoters Yashpal Sharma and Tarun Sharma, along with other selling shareholders Himanshu Chhabra and Rohit Sehgal.Proceeds from the fresh issue, totalling ₹216.78 crore, will primarily be used to repay outstanding borrowings of the company and its subsidiary, Forin Container Line Private Limited, with ₹130 crore earmarked for working capital requirements and the remainder for general corporate purposes.Incorporated in 1984, Skyways provides air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and express cargo delivery. The company has been ranked the top air freight forwarder in India by World ACD for four consecutive calendar years, 2022 through 2025, based on airway bill generation, indicating the highest volume of air cargo consignments handled from India.The company reported revenue from operations of ₹2,812.9 crore in FY26, more than doubling from ₹1,289.1 crore in FY24. Net profit rose to ₹63.5 crore in FY26 from ₹34.49 crore in FY24.Skyways holds performance-based agreements with airlines including Air India Cargo, Emirates, Lufthansa, Saudi Cargo, and Qatar Airways. The equity shares are proposed to be listed on both NSE and BSE. Holani Consultants, Shannon Advisors, and Dolat Finserv are the book-running lead managers, with Bigshare Services as registrar.Published on August 14, 2026
