Skyways Air IPO launches with 23% GMP: Apply or avoid?
What's the story
Skyways Air Services, a leading air freight forwarding and logistics company based in Delhi, has launched its initial public offering (IPO) today. The issue will close on August 27. Ahead of the IPO opening, the company has raised ₹174.5 crore through its anchor book. Skyways Air Services' market value is projected to reach ₹2,005.74 crore post-listing at the top end of its price band. Meanwhile, unlisted market sentiment remains buoyant, with the GMP indicating a 23% listing gain.
IPO specifics
Issue comprises fresh issue and OFS
The company has set the IPO price band at ₹131-138 per equity share. Investors can bid for a minimum of 100 shares and in multiples thereafter.
The issue consists of a fresh issue and an offer for sale (OFS). The firm will issue 2.88 crore equity shares through the fresh issue, while existing shareholders including promoters Yashpal Sharma and his brother Tarun Sharma will sell up to 1.33 crore shares through the OFS.
Financials
Financial performance of the company
Skyways Air Services reported a 32% jump in net profit to ₹63.5 crore in FY26, up from ₹48.1 crore a year ago.
Revenue grew by 25.1% to ₹2,812.9 crore, compared with ₹2,247.8 crore in the previous fiscal year.
The company plans to use ₹216.78 crore of the net fresh issue proceeds for debt repayment and another ₹130 crore for working capital requirements after its IPO listing is likely to happen on September 1, 2026.