ET Online Skyways Air Services IPO opens Aug 24, 2026, raising ₹174.5 cr from anchor investors.
Price band: ₹131-138 per share.
Synopsis Skyways Air Services raised Rs 174.5 crore from anchor investors ahead of its Rs 582.80 crore IPO, opening August 24, 2026.
The price band is Rs 131-138 per share, with shares expected to list on September 1, 2026.
By Kumar Gaurav, ETMarkets.com XPeers Bank of India Share Price Punjab National Bank Share Price Bank of Baroda Share Price Indian Bank Share Price Canara Bank Share Price Aug 21, 2026, 08:16:00 PM IST Follow us Air freight forwarder Skyways Air Services has raised Rs 174.5 crore from anchor investors ahead of its initial public offering, which opens for public subscription on Monday, August 24, 2026.
The company is looking to raise Rs 582.80 crore through the public issue.ADVERTISEMENT Skyways Air Services informed the stock exchanges that it has allocated 1,26,48,000 equity shares at Rs 138 apiece to anchor investors.Among the institutional investors that participated in the anchor book are Nomura Singapore, Citi Group Global Markets Mauritius, Holani Venture Capital Fund - Holani Venture Capital Fund-I, IndusInd General Insurance Company, and ASAS Global Fund Incorporated VCC Sub Fund.
Among equity-oriented schemes, the company has allocated shares to Bank of India Small Cap Fund and Taurus Flexi Cap Fund.
Of the total allocation of 1,26,48,000 equity shares to anchor investors, 50,50,000 shares were allocated to two domestic mutual funds through six schemes, the company said.
The price band has been fixed at Rs 131-138 per share.
The lot size for the IPO is 100 shares, meaning investors can bid for a minimum of 100 shares and in multiples thereof.ADVERTISEMENT ADVERTISEMENT At the upper end of the price band, the minimum investment required for retail investors is Rs 13,800 for one lot of 100 shares.The allotment is expected to be finalised on August 28, while the shares are tentatively scheduled to list on the exchanges on September 1, 2026.ADVERTISEMENT The company said it will not receive any proceeds from the OFS.
The proceeds from the offer for sale will accrue to the promoter and other selling shareholders.Of the proceeds from the fresh issue, Rs 216.7 crore will be used towards repayment or prepayment of certain outstanding borrowings availed by the company and its subsidiary, Forin Container Line Private Limited.
Another Rs 130 crore will be used to fund incremental working capital requirements to support the company’s growing logistics operations.
The remaining proceeds will be utilised towards general corporate purposes and issue-related expenses, the company said.ADVERTISEMENT Bigshare Services is the registrar to the issue, while Holani Consultants, Shannon Advisors and Dolat Finserv are the book-running lead managers.About Skyways Air ServicesSkyways Air Services, incorporated in 1984, is an integrated logistics and supply chain solutions provider offering air freight, ocean freight, contract logistics, warehousing, customs clearance and value-added logistics services.
