
Skyways Air Services IPO Lists at 10.14% Discount on NSE, Debuts at Rs 124
Skyways Air Services lists at Rs 124 on NSE, down 10.14%. BSE opens at Rs 124.50, down 9.78%. Issue price Rs 138. Subscribed 71.25 times overall. Market cap about Rs 2,005.74 Cr.
Updated: 1 Sept 2026 • 10:40 am
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Quick Answer
The Skyways Air Services IPO listing today saw the stock debut at Rs 124 on the NSE, a 10.14 percent discount to its Rs 138 issue price, while BSE shares opened at Rs 124.50, a 9.78 percent discount. The mainboard logistics IPO was subscribed 71.25 times overall. The weak debut defied what grey market indicators had suggested ahead of listing.
Skyways Air Services IPO Listing Today: The Skyways Air Services IPO was subscribed 71.25 times overall by the time bidding closed on 27 August 2026. Within that demand, qualified institutional buyers (QIBs) bid for 139.69 times their reserved portion, non institutional investors (NIIs) put in 87.24 times their quota, and retail investors subscribed 25.40 times the shares set aside for them. Before looking at how the stock performed on debut, here is a recap of the Skyways Air Services IPO itself, followed by the full Skyways Air Services IPO listing details.
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Skyways Air Services IPO
Skyways Air Services Limited raised its capital through a book building issue worth Rs 582.80 crore, made up of a fresh issue of shares worth Rs 398.80 crore and an offer for sale of Rs 184 crore by the promoters and other selling shareholders. The issue listed on both the NSE and the BSE, with a tentative listing date of 1 September 2026. Bidding ran from 24 August 2026 to 27 August 2026, at a face value of Rs 10 per share and a price band of Rs 131 to Rs 138 per share. Anyone tracking the Skyways Air Services IPO listing today will find the full set of dates and terms in the table below.
| Particular | Detail |
|---|---|
| Allotment Date | 28 August 2026 |
| IPO Open Date | 24 August 2026 |
| IPO Close Date | 27 August 2026 |
| Refund Initiation | 31 August 2026 |
| Issue Size | Rs 582.80 crore (4,22,31,600 shares) |
| Face Value | Rs 10 per share |
| Lot Size | 100 shares |
| Issue Price | Rs 138 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Listing Date | 1 September 2026 |
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Skyways Air Services Listing
On its listing day, Skyways Air Services shares opened at Rs 124 apiece on the NSE, a 10.14 percent discount to the Rs 138 issue price. On the BSE, the stock opened at Rs 124.50, a 9.78 percent discount. The Skyways Air Services IPO listing defied what grey market indicators had suggested ahead of listing. For investors who missed allotment, the Skyways Air Services IPO listing price now serves as the reference point for deciding whether to buy the stock on the exchanges.
About the Skyways Air Services IPO
Skyways Air Services Limited, incorporated in December 1984, is a Delhi based logistics and freight forwarding company with more than four decades of experience in air freight forwarding and multi modal logistics. The company provides air and ocean freight forwarding, trucking, warehousing, customs broking, and technology driven express cargo and parcel delivery, and it has been ranked the No. 1 Air Freight Forwarder in terms of AWBs generated by World ACD for four consecutive calendar years from 2022 to 2025, supported by alliances with airlines including Saudia Cargo, Air India Cargo, Emirates, and Lufthansa. Promoters of the company are Yashpal Sharma and Tarun Sharma. Holani Consultants was the lead book running lead manager, with Bigshare Services as registrar. Investors who followed the Skyways Air Services IPO listing today can use this background to judge whether the weak debut reflects the company’s thin logistics margins or broader sentiment. The details above round out the full picture of the Skyways Air Services IPO listing for readers who applied in the offer.
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Skyways Air Services Limited Financials
A look at Skyways Air Services Limited’s recent financial performance helps put the Skyways Air Services IPO listing in context for anyone tracking the stock after its debut.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Assets | 1,508.24 | 1,321.64 | 790.35 |
| Revenue | 2,839.67 | 2,270.99 | 1,316.81 |
| Profit After Tax | 63.52 | 48.14 | 34.49 |
| EBITDA | 125.65 | 86.49 | 48.34 |
| Net Worth | 332.64 | 247.14 | 154.26 |
| Total Borrowings | 624.06 | 558.43 | 357.34 |
Explanation
Skyways Air Services Limited’s revenue rose about 25 percent, from Rs 2,270.99 crore in the year ended 31 March 2025 to Rs 2,839.67 crore in the year ended 31 March 2026. Profit after tax climbed roughly 32 percent over the same period, moving from Rs 48.14 crore to Rs 63.52 crore, while EBITDA improved from Rs 86.49 crore to Rs 125.65 crore. This steady financial trajectory is one of the factors investors are weighing after the Skyways Air Services IPO listing.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Skyways Air Services IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Skyways Air Services IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
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).
FAQs
What was the Skyways Air Services IPO listing price?
Ans. Skyways Air Services shares listed at Rs 124 on the NSE, a 10.14 percent discount to the Rs 138 issue price, and opened at Rs 124.50 on the BSE, a 9.78 percent discount.
Was the Skyways Air Services IPO listing a premium or a discount?
Ans. It was a discount listing on both exchanges. Shares fell 10.14 percent on the NSE and 9.78 percent on the BSE against the issue price, well below what grey market indicators had suggested ahead of listing.
How much was the Skyways Air Services IPO subscribed?
Ans. The IPO was subscribed 71.25 times overall, with QIBs at 139.69 times, NIIs at 87.24 times, and retail investors at 25.40 times their respective quotas.
What is the issue price of the Skyways Air Services IPO?
Ans. The issue price was fixed at Rs 138 per share, at the upper end of the Rs 131 to Rs 138 price band.
What is the lot size of the Skyways Air Services IPO?
Ans. The lot size was 100 shares, translating to a minimum retail investment of about Rs 13,800 at the upper price band.
Who is the registrar for the Skyways Air Services IPO?
Ans. Bigshare Services Private Limited is the registrar for the Skyways Air Services IPO.
What does Skyways Air Services do?
Ans. Skyways Air Services is a logistics and freight forwarding company offering air freight, ocean freight, trucking, warehousing, and customs broking services, ranked the No. 1 Air Freight Forwarder by AWBs for four consecutive years.
Where can I track the Skyways Air Services IPO listing performance?
Ans. Investors can track the Skyways Air Services IPO listing performance and live share price movement on the NSE and BSE, or through the Univest platform.
Did the Skyways Air Services IPO listing match grey market expectations?
Ans. No. The Skyways Air Services IPO listing defied what grey market indicators had suggested, with the stock instead debuting at a discount on both exchanges.
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