Ahmedabad, 17 August, 2026: Skyways Air Services Limited has fixed the price band of Rs 131/- to Rs 138/- per Equity Share of face value Rs 10/- each for its initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on 24th August, 2026, for subscription and close on 27th August, 2026. Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter. Equity shares outstanding as on date 11,64,45,244 equity shares of Rs 10 each.
The IPO is a fresh issue of up to 2,88,98,300 equity shares and an offer-for-sale for up to 1,33,33,300 equity shares by promoters Yashpal Sharma (71,20,690 Equity Shares) and Tarun Sharma (24,60,000 Equity Shares.) Other selling shareholders: Himanshu Chhabra (18,66,000 Equity Shares) and Rohit Sehgal. (18,86,610 Equity Shares.)
The proceeds from its fresh issuance worth Rs 216.78 crore will be for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary, Forin Container Line Private Limited, Rs 130.00 crore for funding incremental working capital requirements of the company, and general corporate purposes. Incorporated in 1984, the company is a long-standing participant of India’s air freight forwarding and logistics sector. The company is consistently ranked No. 1 “Air Freight Forwarder” in terms of AWBs generation by World ACD for last four calendar years 2025, 2024, 2023 and 2022 (Source: World ACD Market Data). It means the company handles maximum number of air cargo consignments from India to worldwide.
The company is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS) to support the diverse needs of its clientele across domestic and international markets. As part of the continued development of its business, the company has rolled out several proprietary technology products integrated them into its operation.
These platforms support freight booking, shipment tracking, workflow automation and operational reporting, with the objective of improving operational efficiency and enhancing customer satisfaction across the logistics value chain.
