Skyways Air Services Limited
SKYWAYS • BSE, NSE
Issue details
Price band
₹131 - ₹138
Lot size
100 shares
Issue size
₹408.25 Cr
Min. investment
₹13,800
Registrar
Bigshare Services
Subscription
48.52x
Grey market premium
Est. gain+₹32 · 23%
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IPO Timeline
Open
24 Aug
Close
27 Aug
Allotment
28 Aug
Listing
1 Sep
- Refunds & demat credit
- 29 Aug 2026
- Mandate end
- 11 Sep 2026
- Anchor lock-in 50%
- 27 Sep 2026
- Anchor lock-in 100%
- 26 Nov 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 100shares 1 lot · ₹13,800 | 1,400shares 14 lots · ₹1,93,200 |
| sNII (₹2L–₹10L) | 1,500shares 15 lots · ₹2,07,000 | 7,200shares 72 lots · ₹9,93,600 |
| bNII (above ₹10L) | 7,300shares 73 lots · ₹10,07,400 | No limit funds permitting |
Based on the upper price band of ₹138 and a lot of 100 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| NII | 63,51,600 | 43,51,02,600 | 68.50x |
| bNII (above ₹10L) | 21,17,200 | 12,12,48,000 | 57.27x |
| Retail (IND) | 1,48,00,000 | 24,10,12,700 | 16.28x |
| Total | 2,95,83,600 | 1,43,54,66,800 | 48.52x |
Last updated 14 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹399 Cr
2,88,98,300 shares
Offer for sale
₹184 Cr
1,33,33,300 shares
Shares pre-issue
11,64,45,244
Shares post-issue
14,53,43,544
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 5.46 | 4.37 |
| Market cap | - | ₹2,005.74 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 14.15% | 19.52% |
| ROCE | 18.11% | 14.61% |
| RoNW | 12.33% | 15.85% |
| PAT Margin | 2.26% | 2.14% |
| EBITDA Margin | 4.47% | 3.85% |
| NAV | 28.91 | 23.40 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 2,839.67 | 2,270.99 | 1,316.81 |
| Profit after tax | 63.52 | 48.14 | 34.49 |
| EBITDA | 125.65 | 86.49 | 48.34 |
| Net worth | 332.64 | 247.14 | 154.26 |
| Assets | 1,508.24 | 1,321.64 | 790.35 |
| Total borrowing | 624.06 | 558.43 | 357.34 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary Forin Container Line Pvt.Ltd..₹216.79 Cr
- 2.Funding incremental working capital requirements of the Company.₹130 Cr
- 3.General Corporate Purposes—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Shadowfax Technologies Ltd.Mainboard | ₹124 | 1017.96 | ₹109.98 | -11.31% |
| Om Freight Forwarders Ltd.Mainboard | ₹135 | 19.56 | ₹85.57 | -36.61% |
| Glottis Ltd.Mainboard | ₹129 | 18.38 | ₹83.70 | -35.12% |
| Sampark India Logistics Ltd.SME | ₹84 | 8.65 | ₹93.45 | +11.25% |
| Global Ocean Logistics India Ltd.SME | ₹78 | 12.07 | ₹79.29 | +1.65% |
| Neptune Logitek Ltd.SME | ₹126 | 13.76 | ₹95.80 | -23.97% |
| Shipwaves Online Ltd.SME | ₹12 | 9.3 | ₹11.40 | -5.00% |
| Jayesh Logistics Ltd.SME | ₹122 | 10.75 | ₹117.80 | -3.44% |
| Sunsky Logistics Ltd.SME | ₹46 | 15.6 | ₹53.55 | +16.41% |
| Dhillon Freight Carrier Ltd.SME | ₹72 | 10.49 | ₹54.72 | -24.00% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 18 Aug 2026. Always verify against the RHP before applying.