31 Mar 2024
Assets790.35
Total Income1,316.81
EBITDA48.34
Profit After Tax34.49
NET Worth154.26
Total Borrowing357.34
At a glance
Updated 2026-10-06Skyways Air is a Mainboard IPO with an issue size of ₹582.80 crore, proposed for listing on BSE, NSE. The issue structure includes a fresh issue of ₹398.80 crore and an offer-for-sale component of ₹184.00 crore.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹582.80 Cr
Fresh issue₹398.80 Cr
Offer for sale₹184.00 Cr
Face value₹10
Price band₹131.00–₹138.00
Allotment28th Aug 2026
Listing1st Sep 2026
Grey market
GMP page ↗Latest GMP₹33.00
GMP / upper price23.91%
Est. listing₹171.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens24th Aug 2026
Closes27th Aug 2026
Allotment28th Aug 2026
Refund31st Aug 2026
Demat31st Aug 2026
Listing1st Sep 2026
Subscription demand
Full bidding ↗QIB139.69×
sHNI79.04×
bHNI91.33×
NII / HNI91.33×
Retail25.40×
Total71.25×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 100 | ₹13,800 |
Reservation
Issue mix
QIB49.92%2,10,80,000 shares
− Anchor Investor29.95%1,26,48,000 shares
− QIB (Ex. Anchor)19.97%84,32,000 shares
NII (HNI)15.04%63,51,600 shares
− bNII > ₹10L10.03%42,34,400 shares
− sNII < ₹10L5.01%21,17,200 shares
Retail35.04%1,48,00,000 shares
Total100.00%4,22,31,600 shares
Company
Use of proceeds
| Object | Amount |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary Forin Container Line Pvt.Ltd.. | ₹216.79 Cr |
| Funding incremental working capital requirements of the Company. | ₹130.00 Cr |
| General Corporate Purposes | ₹13.97 Cr |
| Issue Expenses | ₹55.06 Cr |
| Total | ₹415.82 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue2,839.67₹ Cr · +25.0% vs prior year
EBITDA125.65₹ Cr · +45.3% vs prior year
PAT63.52₹ Cr · +31.9% vs prior year
Assets1,508.24₹ Cr · +14.1% vs prior year
Net Worth332.64₹ Cr · +34.6% vs prior year
Borrowing624.06₹ Cr · +11.8% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2025
Assets1,321.64
Total Income2,270.99
EBITDA86.49
Profit After Tax48.14
NET Worth247.14
Total Borrowing558.43
31 Mar 2026
Assets1,508.24
Total Income2,839.67
EBITDA125.65
Profit After Tax63.52
NET Worth332.64
Total Borrowing624.06
KPIs
| KPI | Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|
| ROE | 19.52% | 14.15% |
| ROCE | 14.61% | 18.11% |
| Debt / Equity | 1.42% | 1.26% |
| RoNW | 15.85% | 12.33% |
| PAT Margin | 2.14% | 2.26% |
| EBITDA Margin | 3.85% | 4.47% |
| Price to Book Value | 5.9 | 4.77 |
Valuation & shareholding
Pre-IPO EPS5.46
Post-IPO EPS4.37
Pre-IPO P/E25.27
Post-IPO P/E31.58
Promoter holding pre79.14%
Promoter holding post56.82%
Market cap₹2005.74 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Skyways Air Services IPO | — | 31.57 x | — | — |
| Horizon Industrial IPO | — | - | — | — |
| Shiprocket Limited IPO | — | - | — | — |
| Leap India IPO | — | 111.97 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary Forin Container Line Pvt.Ltd.. | ₹216.79 Cr |
| Funding incremental working capital requirements of the Company. | ₹130.00 Cr |
| General Corporate Purposes | ₹13.97 Cr |
| Issue Expenses | ₹55.06 Cr |
| Total | ₹415.82 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Holani Consultants Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-10-06.
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