Skyways Air Services Limited

About the company

Skyways Air Services is a logistics and freight-forwarding company offering air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo and parcel delivery, and other value-added services. Incorporated in 1984, the company has over four decades of experience in the logistics industry. It started as a custom house agent and gradually expanded into a multi-modal logistics provider offering services across the supply chain. The company has also been ranked No. 1 “Air Freight Forwarder” by AWBs generated, according to World ACD, for each of the last four calendar years, 2022–2025. Air freight is the company's largest business, contributing ₹2,166.40 crore or 77.02% of revenue from operations in FY26. Ocean cargo contributed ₹422.60 crore or 15.02%, while express cargo and parcel services accounted for ₹162.78 crore or 5.79%. Domestic sales accounted for ₹2,110 crore or 74.3% of total revenue in FY26. Sales to foreign countries from India contributed ₹381.5 crore or 13.4%, while sales generated by foreign subsidiaries in foreign currency contributed ₹320.5 crore or 11.2%. The company served 9,504 customers during the year and handled 83,923 tonnes of air cargo, including 69,780 tonnes of exports, 7,601 tonnes of imports and 6,542 tonnes handled by foreign subsidiaries. As of March 31, 2026, Skyways Air Services had a presence in 12 countries and 12 Indian states and Union Territories. It had relationships with 56 airlines, five warehouses and 31 pickup and delivery centres, while its express business covered 1,204 pin codes. The company serves customers across 65 key industries and has also developed technology platforms such as SLS HIKE, SLS 100X, SLS 100X 2.0 and ASAP for freight booking, shipment tracking, workflow automation and operational reporting. Going ahead, the company plans to improve operating efficiency, expand its relationships with existing customers, enter new industry segments and grow its international presence. It is also looking to expand into logistics infrastructure, including cargo terminals, logistics parks and warehousing facilities. The company had participated in a consortium bid with Swissport International AG and Cargo Logistics and Allied Services Company for developing a new cargo terminal at Netaji Subhas Chandra Bose International Airport, Kolkata. India’s logistics sector is closely linked to the growth of manufacturing, trade, e-commerce and cross-border movement of goods. Logistics costs in India currently stand at around 7.8–8.9% of GDP, which is broadly comparable with levels seen in developed economies. The Indian logistics sector was valued at $215 billion in 2021 and is expected to grow at a CAGR of 10.7% to around $357 billion by FY26. Air cargo is an important part of this market, particularly for time-sensitive and high-value goods. India’s air cargo volumes increased from 3.33 million tonnes in FY20 to 3.96 million tonnes in FY26. International cargo continued to account for the larger share of India’s air freight volumes. E-commerce and cross-border trade are increasing the need for faster delivery and better shipment tracking, while the growth of manufacturing and exports is creating additional demand for freight movement between production centres, warehouses, airports and ports. This is also increasing the need for logistics companies that can handle different modes of transportation. Skyways can benefit from these trends through its air freight business as well as its ocean, express and road logistics operations. Its air cargo volumes increased from 48,013 tonnes in FY24 to 83,924 tonnes in FY26, while its presence across international markets and relationships with airlines have also expanded. The company is also looking to enter logistics infrastructure such as cargo terminals and warehousing, giving it another avenue to benefit from the expected increase in cargo movement. Now, Skyways Air Services is launching its initial public offering (IPO), which consists of a Fresh issue of ₹398.80 crore and an offer for sale of ₹184 crore. The total issue size of the IPO is ₹582.80 crore. Its shares will be listed on the NSE and BSE. ### **How to pre-apply for Skyways Air Services IPO?** You can pre-apply for Skyways Air Services IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: - Login to your Upstox account, using your six-digit PIN - After successfully logging in, click on ‘Discover’ - On the Discover tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Skyways Air Services IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Pre-Apply’ - Accept the mandate on your UPI app ### **How to apply for Skyways Air Services IPO?** If you are interested in this investment opportunity but unsure how to apply for Skyways Air Services IPO, here are the steps that you need to follow. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Skyways Air Services IPO on Upstox: - Log in to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Skyways Air Services IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Apply’ - Accept the mandate on your UPI app ### **How to check allotment status for Skyways Air Services IPO?** When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes. Here’s a step-by-step guide on how to check the Skyways Air Services IPO allotment status: - Login to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ page, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, you will find the ‘View all’ option - Once you click on ‘View all’, you will be directed to the ‘IPO’ tab - In the ‘IPO’ tab, click on ‘My applications’ - In ‘My applications’, under the History section, your Skyways Air Services IPO allotment status will be mentioned

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   24 Aug 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   27 Aug 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   29 Aug 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   30 Aug 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   31 Aug 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   01 Sept 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

Date-wise daily subscription (all categories)

Date-wise cumulative subscription figures per category, refreshed each bidding day.