IPO Listed — 01 Sep 2026

Listing Price: ₹124 (-10.14% vs ₹138)

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Skyways Air Services IPO Review

Q: What was the actual listing price of Skyways Air Services IPO?

Skyways Air Services IPO listed on September 1, 2026 at ₹124, against the issue price of ₹138 — a loss of -10.14% (₹14 per share).

Q: What is the price band and lot size of Skyways Air Services IPO?

Skyways Air Services IPO is priced at ₹131-138 per share. The minimum lot size is 100 shares, making the minimum investment approximately ₹13,800 at the upper end of the price band. Subscription ran from 24 Aug 2026 to 27 Aug 2026.

Skyways Air Services IPO has been reviewed by 8 analysts, and the overall consensus is Strong Apply — carrying a score of 89. Out of the 8 analysts who have covered this IPO, 6 recommend subscribing while 2 advise caution or avoidance — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹131-138 per share , with a minimum application size of 100 shares (minimum investment of approximately ₹13,800 at the upper band) . Subscription ran from 24 Aug 2026 to 27 Aug 2026. As of now, the grey market premium (GMP) for Skyways Air Services IPO is quoting at ₹32 (23.19%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

Skyways has run air and ocean freight, express cargo, customs clearance, trucking and warehousing since 1984 on an asset-light model, and works with airlines such as Emirates and Lufthansa. FY26 ROCE was 18.1 percent with debt to equity of 1.3 times. Five of the eight analysts covering it said subscribe, one advised caution and one stayed neutral, so the view is positive but not unanimous.

Listing Gains

Here the analysts genuinely disagree. Depending on the earnings base used, the ₹138 band works out anywhere between 32 and 49 times FY26 profit, on a post-issue market cap of about ₹2,006 crore. Peers trade higher, which supports the price, but such a wide spread shows the pricing is not clearly cheap. Expect a moderate listing rather than a big pop.

Short Term Strategy

The short-term view is mixed. Fresh proceeds of ₹216.7 crore repay borrowings and ₹130 crore funds working capital, which should bring interest cost down. But PAT margin is thin at about 2.26 percent, and working capital was funded 86.23 percent by borrowings in FY26. Until that cash cycle improves, earnings stay sensitive to freight rates. Better to watch a few quarters.

Long Term Strategy

The growth record is genuinely strong, with revenue rising at 47.7 percent CAGR over FY24 to FY26, EBITDA margin improving from 3.8 to 4.6 percent, and the number one forwarding position held for four straight years. Against this, contingent liabilities of ₹289 crore equal 87 percent of net worth and a criminal complaint is pending, so position size should be kept measured.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Analyst Verdict & Score
Detailed Review
Analyst Reviews
Frequently Asked Questions

Analyst Sentiment

Analytical Score

How it's calculated?

Strong Apply

89 / 100

Recommend Subscribe

Based on 8 analyst reviews

6 / 8

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst	Verdict	View
Adroit Financial Services	Apply
BP Equities	Apply
Angel One	Apply
Marwadi Shares & Finance	May Apply
Ventura Securities	Apply
Capital Market	Neutral
Swastika Investmart	Apply
Stoxbox	Apply
Axis Capital	Not Rated

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Frequently Asked Questions

Should I apply for Skyways Air Services IPO?

Based on analyst coverage tracked on this page, the overall verdict for Skyways Air Services IPO is Strong Apply. Out of 8 analysts who have reviewed this IPO, 6 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 89 mean for Skyways Air Services IPO?

The score of 89 is an aggregate of all analyst ratings tracked for Skyways Air Services IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Scroll down to read individual analyst verdicts for more context.

What was the actual listing price of Skyways Air Services IPO?

Skyways Air Services IPO listed on September 1, 2026 at ₹124 , against the issue price of ₹138 — a loss of -10.14% (₹14 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Skyways Air Services IPO?

Skyways Air Services IPO was priced at ₹131-138 per share. The minimum lot size is 100 shares, making the minimum investment approximately ₹13,800 at the upper end of the price band. Subscription ran from 24 Aug 2026 to 27 Aug 2026.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.