Skyways Air Services IPO opens March 18: Check issue details, objectives and key dates

Skyways Air Services IPO: The initial public offering of air freight forwarder and logistics company Skyways Air Services will open for subscription on March 18. The issue will conclude on March 20. The company has not announced the price band yet.

The bidding for anchor investors will occur on March 17, according to the red herring prospectus (RHP).

The initial share sale is a mix of a fresh issuance of 2.89 crore shares and an offer for sale (OFS) of 1.33 crore shares.

Under the OFS, promoters Tarun Sharma and Yashpal Sharma, along with other selling shareholders Rohit Sehgal and Himanshu Chhabra, will offload their stake.

The fresh issue proceeds will be used for the repayment of certain outstanding borrowings availed by the company and its subsidiary, Forin Container Line Private Limited, funding incremental working capital requirements and general corporate purposes.

"In addition, we expect to achieve the benefits of listing of our equity shares bearing face value of ₹10 on the stock exchanges, including enhancement of our company’s brand name and creation of a public market for our equity shares bearing face value of ₹10 in India," the firm said.

Skyways Air Services IPO: Allotment and listing date

Half of the net issue will be reserved for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors (NIIs).

Holani Consultants, Dolat Finserv and Shannon Advisors are the issue's book-running lead managers, while Bigshare Services is the registrar.

Established in 1984, Skyways Air Services Ltd is a key airfreight forwarding and logistics company. It is consistently ranked the number 1 "Air Freight Forwarder" in terms of AWBs generated by World ACD for calendar years 2025, 2024, 2023 and 2022.

It is engaged in offering a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, warehousing, trucking, customs broking, technology-driven express cargo and parcel delivery and various value-added services (VAS) to support the diverse needs of its clientele across domestic and international markets.