Home / Business and Economy / Skyways IPO Opens: 27% Listing Gain Expected!
Skyways IPO Opens: 27% Listing Gain Expected!
24 Aug
Summary
- Skyways Air Services IPO opened today with a price band of ₹131 to ₹138.
- The IPO aims to raise ₹583 crore through fresh issue and OFS.
- Grey market indicates a potential 27% listing gain with a ₹37 premium.
Bidding for the Skyways Air Services IPO commenced today and will continue until August 26, 2026. The offering is priced between ₹131 and ₹138 per share. This public issue aims to generate ₹583 crore, comprising ₹399 crore from fresh shares and ₹184 crore from an offer for sale.
Market sentiment appears robust, with the grey market premium (GMP) standing at ₹37, translating to an anticipated 27% listing gain. Ventura Securities recommends an 'apply' rating, citing Skyways' asset-light logistics model and its freight forwarding, warehousing, and supply chain solutions. The company's financial performance shows significant growth, with revenues increasing from ₹1,289.11 crore in FY24 to ₹2,812.89 crore in FY26.
Further financial highlights include an EBITDA increase from ₹49.5 crore to ₹128.7 crore and a rise in Profit After Tax (PAT) from ₹31.3 crore to ₹41 crore over the same period, accompanied by an improved EBITDA margin from 3.8% to 4.6%. The allotment of shares is tentatively scheduled for August 27, 2026, with the IPO expected to list on BSE and NSE on September 1, 2026.
