Skyways Air Services – ₹583 Cr IPO to Open on August 24

Expert Analysis:

• Skyways Air Services has fixed its IPO price band at ₹131–₹138 per share, with the issue opening on August 24 and closing on August 27, 2026. At the upper band, the company will command an estimated ₹2,006 crore market capitalisation.

• The ₹582.8 crore IPO comprises a ₹398.8 crore fresh issue and ₹184 crore OFS. The fresh proceeds will primarily be used to repay/prepay debt and fund incremental working capital, supporting balance-sheet strengthening.

• Skyways reported FY26 revenue of ₹2,839.67 crore, up around 25% YoY, while PAT increased 32% to ₹63.52 crore, indicating healthy business growth and improving profitability.

• The company has operated since 1984 and has built a presence across air freight forwarding and logistics, giving it more than four decades of industry experience. Its IPO valuation at the upper band implies a FY26 P/E of around 38.8x.