Skyways Air Services Initial Public Offering Closes Today: Issue Subscribed 2.58x, Retail Leads at 3.72x
- August 27, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Skyways Air Services initial public offering closes today, Aug 27, 2026. Subscribed 2.58x by end of Day 3. Retail 3.72x, NII 2.72x, QIB 0.47x.
Quick Answer
Skyways Air Services’ Rs 582.80 crore initial public offering closes today, August 27, 2026, after picking up further demand on its third day of bidding. The issue was subscribed 2.58 times overall by the end of Day 3 on August 26, 2026, with retail investors leading demand at 3.72 times, followed by the non-institutional investor (NII) category at 2.72 times.
Skyways Air Services Limited’s Rs 582.80 crore initial public offering closes today, August 27, 2026, marking the final day of its three-day subscription window that opened on August 24. The Delhi-based air freight forwarder saw continued investor interest through Day 3, with the issue receiving bids for 7,63,32,900 shares compared with 2,95,83,600 shares available for subscription, taking the overall subscription level to 2.58 times.
Retail investors were again at the front of the demand, with their portion subscribed 3.72 times, while the NII category reached 2.72 times. The qualified institutional buyer (QIB) portion, excluding shares already allotted to anchor investors, remained comparatively slower at 0.47 times as of the Day 3 update. The issue had received 4,73,589 applications by the end of Day 3.
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About Skyways Air Services
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Incorporated in December 1984, Skyways Air Services Limited (SASL) is a well-established logistics and freight forwarding company with over four decades of experience in India’s air freight forwarding and logistics sector. The company provides a comprehensive range of logistics solutions, including air and ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery.
The company has evolved from a Custom House Agent into a multi-modal logistics service provider offering end-to-end supply chain solutions. Skyways Air Services is ranked No. 1 by AWB (Air Waybill) generation among Indian air freight forwarders by World ACD across calendar years 2022 to 2025, and serves clients across FMCG, pharmaceuticals, automotive, textiles, and engineering-goods industries.
Skyways Air Services IPO: Key Details
| Parameter | Details |
|---|---|
| IPO Open Date | August 24, 2026 |
| IPO Close Date | August 27, 2026 (today) |
| Price Band | Rs 131 to Rs 138 per share |
| Total Issue Size | Rs 582.80 crore |
| Fresh Issue | ~Rs 398.80 crore |
| Offer for Sale | ~Rs 184 crore |
| Overall Subscription (end of Day 3) | 2.58x |
| Retail Subscription | 3.72x |
| NII Subscription | 2.72x |
| QIB Subscription (ex-anchor) | 0.47x |
| Anchor Investor Allocation | ~Rs 174.54 crore |
| Listing Exchanges | NSE and BSE |
| Tentative Allotment Date | August 28, 2026 |
| Tentative Listing Date | September 1, 2026 |
Skyways Air Services Financial Performance
Skyways Air Services reported Total Income of Rs 2,839.67 crore for FY26, up from Rs 2,270.99 crore in FY25 and Rs 1,316.81 crore in FY24. Profit After Tax for FY26 stood at Rs 63.52 crore, compared to Rs 48.14 crore in FY25 and Rs 34.49 crore in FY24, reflecting consistent growth across the company’s logistics operations.
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Conclusion
Skyways Air Services’ initial public offering has closed its subscription window today with steady demand led by retail investors. With allotment expected on August 28 and listing tentatively scheduled for September 1, 2026, investors should track the registrar’s allotment status page for updates on their application. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
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FAQs on Skyways Air Services Initial Public Offering
What is the Skyways Air Services IPO subscription status on the final day?
Ans. By the end of Day 3 on August 26, 2026, Skyways Air Services’ initial public offering was subscribed 2.58 times overall, with retail investors leading demand at 3.72 times and NII investors at 2.72 times.
When does the Skyways Air Services IPO close?
Ans. The Skyways Air Services initial public offering closes today, August 27, 2026, marking the final day of its three-day subscription window that opened on August 24.
What business does Skyways Air Services operate?
Ans. Skyways Air Services is a logistics and air freight forwarding company with over four decades of experience, offering air and ocean freight forwarding, trucking, warehousing, customs broking, and express cargo delivery services.
When will Skyways Air Services shares be allotted and listed?
Ans. The tentative allotment date for Skyways Air Services is August 28, 2026, with shares expected to list on the NSE and BSE on September 1, 2026.
What is Skyways Air Services’ financial performance?
Ans. Skyways Air Services reported Total Income of Rs 2,839.67 crore and Profit After Tax of Rs 63.52 crore for FY26, up from Rs 2,270.99 crore and Rs 48.14 crore respectively in FY25.
Is the Skyways Air Services IPO oversubscribed?
Ans. Yes, as of the end of Day 3 (August 26, 2026), the Skyways Air Services initial public offering was subscribed 2.58 times overall, indicating the issue was oversubscribed ahead of its final day of bidding.
