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₹138 - 138
Skyways Air Services Ltd
LogisticsIPO
₹138 - 138
Our Company is a participant of India's air freight forwarding and logistics sector. The Company is engaged in providing air freight forwarding and custom broking services. Our Company also provides a wide range of Value-Added Services (VAS) through its network of Subsidiaries to support the diverse needs of its clientele across domestic and international markets. Our VAS encompass: *Logistics planning and management. *Logistics Solutions. *Cargo handling operations. *Warehousing solutions, supporting storage, inventory management. *Documentation and customs clearance services. *Global connectivity supported by strategic international tie-ups, network subsidiaries and collaborative arrangements with other logistics providers.
Lot100Min Invest₹13,800Face Value₹10Issue Size₹583 CrFresh Issue₹399 CrOffer for Sale₹184 CrListing Price₹125CMP₹123
Timeline
24 Aug
Bidding opens
27 Aug
Bidding closes
28 Aug
Allotment
31 Aug
Refund & demat credit
1 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹583 Cr4.22 Cr shares
Fresh Issue₹399 Cr
Offer for Sale₹184 Cr
Face Value₹10
Lot Size100 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹13,8001-14 lots
sNII₹2,07,000from 15 lots
bNII₹10,07,400from 73 lots
Managers & Registrar
Lead ManagerHolani Consultants Private Limited
Co-ManagerShannon Advisors Private Limited, Dolat Finserv Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrYashpal SharmaPRMTR71,20,69098.27Tarun SharmaPRMTR24,60,00033.95Himanshu ChhabraOTH18,66,00025.75Rohit SehgalOTH18,86,61026.04Total1,33,33,300184.00
Shareholding
CategoryPre IPOPost IPOPromoter Group70.92%56.81%Public29.08%43.19%
Objects of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and our Subsidiary "Forin Container Line Private Limited"
- Funding incremental working capital requirements of the Company
- General Corporate Purposes
Anchor Book
Bid Date21-Aug-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 1,670 | 1,485 | 1,289 | 2,248 | 2,813 |
| Operating ProfitCr | 74 | 63 | 48 | 86 | 127 |
| OPM% | 4.4 | 4.3 | 3.8 | 3.8 | 4.5 |
| PBTCr | 68 | 57 | 48 | 67 | 88 |
| PATCr | 50 | 41 | 34 | 48 | 64 |
| EPS | 495 | 36 | 3 | 4 | 4 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 10 | 10 | 112 | 116 |
| ReservesCr | 99 | 121 | 144 | 135 | 216 |
| BorrowingsCr | 163 | 175 | 364 | 565 | 627 |
| Fixed AssetsCr | - | - | - | 239 | - |
| Total AssetsCr | 462 | 444 | 790 | 1,322 | 1,508 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 5 | 69 | -9 | 2 | 114 |
| Investing Cash FlowCr | 21 | -76 | -131 | -152 | -179 |
| Financing Cash FlowCr | 27 | -9 | 155 | 221 | 52 |
| Net Cash FlowCr | 53 | -16 | 15 | 71 | -13 |
Strengths & Risks
Strengths · as stated in the DRHP
- Comprehensive Range of Logistics Solutions.
- Broad network of partners that enhances our reach.
- Ability to serve multiple industries.
- Information Technology and its Infrastructure driving Operational Effectiveness.
- Long-standing business relationships with the clientele.
Strategies · as stated in the DRHP
- Keep growing and strengthening the scope of our current business operations.
- Increase the development of infrastructure.
- Strengthen and enhance our connections with customers.
- Improve and strengthen our technological abilities, including both software and hardware.
- Venture into rapidly developing global markets.
- Diversification of service portfolio.
Risks · as stated in the DRHP
- Our dependence on carriers for cargo transportation exposes us to risks related to capacity availability, cost fluctuations, and service disruptions. Our entire revenue is dependent upon the availability of the carriers and any disruption will materially and adversely affect our business, results of operations, and financial condition.
- We rely on limited number of suppliers and procure 32.08%, 38.29%, 39.12 and 39.52% of our cost of service for the nine months period ended December 31, 2024, Financial Year 2024, 2023 and 2022 respectively from our Top 5 suppliers and 47.05%, 54.31%, 52.69% and 50.87% of our cost of service from our top 10 suppliers for the nine months period ended December 31, 2024, Financial Year 2024, 2023 and 2022 respectively. Any failure of us to maintain good business relations and continued arrangements with such suppliers may adversely affect our results of operations and financial condition.
- Some of our subsidiaries including step down subsidiary(ies), including the ones acquired by us, have incurred, or continue to incur, losses, which could negatively impact our financial performance.
- Any adverse developments affecting trade volumes and freight rates may have an adverse effect on our business, results of operations, and financial condition.
- We have significant working capital requirements which have historically been funded through borrowings. Any inability to access adequate working capital loans on commercially reasonable terms may adversely effect our business, financial condition and results of operations.
- We have had negative cash flows in the past. Sustained negative cash flow could adversely impact our business, financial condition and growth.