Archive · 14 Aug 2026
Skyways Air Services' Rs 583 Crore IPO Opens August 24
A company called Skyways Air Services helps move cargo and packages by air, sea and road.
The company wants to raise new money, so it plans to sell small pieces of itself called shares.
This big share sale is known as an IPO, which means 'initial public offering.'
The share sale starts on August 24 and ends on August 27, 2026.
Each share will cost between Rs 131 and Rs 138.
Regular people can also buy shares, because 35% of them are saved for retail investors.
The company will use most of the fresh money to repay the money it borrowed from banks, called debt.
Some money will also be used for the company's day-to-day business needs.
Some of the shares being sold belong to the current owners, and the money from those shares will go to them.
The company expects its shares to start trading on stock exchanges on September 1, 2026.
Skyways Air Services' IPO of up to Rs 583 crore opens on August 24, 2026, and closes on August 27.
Anchor investor bidding is set for August 21, with share allotment expected by August 28 and listing on September 1, 2026.
The price band is fixed at Rs 131-138 per share, valuing the company at Rs 1,904-2,006 crore.
The issue includes a fresh issue of 2.89 crore shares and an offer for sale of 1.33 crore shares.
Rs 216.78 crore of net fresh proceeds will repay debt, while Rs 130 crore will fund working capital.
- Who
- Skyways Air Services, an India-based air freight and logistics company established in 1984, led by Chairman & Managing Director Yashpal Sharma and CFO Himanshu Chhabra, with merchant bankers Holani Consultants, Shannon Advisors and Dolat Finserv.
- What
- An initial public offering of up to Rs 583 crore comprising a fresh issue of 2.89 crore equity shares and an offer for sale of 1.33 crore shares, priced at Rs 131-138 per share.
- When
- The IPO opens on August 24 and closes on August 27, 2026, with anchor investor bidding on August 21, allotment expected by August 28 and stock market debut on September 1, 2026.
- Where
- India, with the IPO launched at an event in Mumbai and reports filed from New Delhi.
- Why
- To repay outstanding borrowings (Rs 504.65 crore standalone as of June 30, 2026) and meet incremental working capital requirements; offer-for-sale proceeds will go to selling shareholders.
- IPO Opening Date
- August 24, 2026
- IPO Closing Date
- August 27, 2026
- Price Band
- Rs 131-138 per share
- Issue Size
- Approx. Rs 553-583 crore
- Fresh Issue / Offer for Sale
- 2.89 crore shares / 1.33 crore shares
- Expected Listing Date
- September 1, 2026
- Debt Repayment Allocation
- Rs 216.78 crore
- Retail Investor Reservation
- 35% of the issue
