Skyways Air IPO allotment likely today; GMP at 32%. Here’s how to check status

The allotment basis for the Skyways Air IPO is expected to be finalised today, allowing investors who subscribed to the Rs 582.8 crore issue to check their allotment status online. The company’s shares are scheduled to make their debut on the BSE and NSE on September 1.

The IPO’s grey market premium (GMP) currently stands at around 32%, signalling expectations of a strong listing gain.

The issue, which opened for subscription on August 24 and closed on August 27, received an overwhelming response, with the IPO subscribed 71.25 times overall. Retail investors subscribed 25.40 times their allotted quota, while the Non-Institutional Investors (NIIs) category was subscribed 87.24 times. Qualified Institutional Buyers (QIBs) led the demand, with their portion subscribed 139.69 times.


The company had fixed the IPO price band at Rs 131–138 per equity share. The Rs 582.8 crore public issue comprises a fresh issue of 2.89 crore shares, aggregating Rs 398.8 crore, and an offer for sale (OFS) of 1.33 crore shares worth Rs 184 crore.

The company’s shares are scheduled to be listed on the NSE and BSE on September 1, 2026.

Holani Consultants Pvt. Ltd. is the book-running lead manager for the issue, and Bigshare Services Pvt. Ltd. is the registrar.

Investors can verify their allotment through either of the following platforms:

1. Registrar’s Website - Bigshare Services

• Visit the Skyways Air Allotment page (https://ipo.bigshareonline.com/ipo_status.html)
• Select Skyways Air from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID to view allotment details.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to the NSE IPO Allotment page
• Select Equity
• Choose Skyways Air
• Enter your application number and PAN.

3. BSE Website ( https://www.bseindia.com/investors/appli_check)

• Select Equity under issue type.
• Select Skyways Air from the dropdown.
• Enter your application number OR PAN number.
• Fill in the captcha and click Search to view allotment.

Anchor Investors: Ahead of the IPO launch, Skyways Air Services raised Rs 174.5 crore from anchor investors, highlighting strong institutional interest in the issue. The company informed the stock exchanges that it had allotted 1,26,48,000 equity shares to anchor investors at Rs 138 per share.

Skyways Air IPO GMP today

The Skyways Air IPO is currently trading at a grey market premium (GMP) of Rs 44 per share, equivalent to around 32% over the upper end of the IPO price band of Rs 138. Based on the prevailing GMP, the estimated listing price stands at around Rs 182 per share.

GMP Note: The grey market premium is an unofficial indicator of investor sentiment and should not be considered a guarantee of the actual listing price or returns. GMP can fluctuate considerably before the stock makes its market debut.

Skyways Air Services financial performance

Skyways Air Services reported a strong financial performance in FY2026, with both revenue and profitability registering healthy growth. The company’s total income increased 25% to Rs 2,839.67 crore in FY26, compared with Rs 2,270.99 crore in FY25. More notably, profit after tax (PAT) jumped 32% to Rs 63.52 crore, from Rs 48.14 crore a year earlier.

About Skyways Air Services

Skyways Air Services Limited, or SASL, was incorporated in 1984 and is one of the leading air freight forwarding and logistics companies in India. The range of its logistics solutions mainly comprises air freight forwarding, ocean freight forwarding, trucking, warehousing, customs broking, and technology-driven express cargo and parcel delivery services. The value-added services of Skyways Air Services Limited include logistics planning and management, cargo handling operations, warehousing and inventory management, documentation and customs clearance, and end-to-end distribution.

The company similarly operates a robust, IT-enabled platform to support these services and sustains a strong global network through international alliances and affiliations with organizations such as the World Cargo Alliance (WCA), Air & Ocean Partners (AOP), Combined Logistics Networks (CLN), Multi Group Logistics Network (MGLN), Global Freight Alliance (GFA), and the Transport Worldwide International Group (TWIG). It has performance-based agreements with leading international airlines such as Saudi Cargo, Air India Cargo, Turkish Airlines, and Lufthansa that ensure strong connectivity and service coverage across major markets.

Skyways Air Services Limited has grown to become a multi-modal logistics player with cold storage facilities around Indira Gandhi International Airport for pharmaceuticals and temperature-sensitive cargo, and an integrated platform to offer air and ocean, road, and express delivery services.

As of December 31, 2024, and for the periods ended March 31, 2024, 2023, and 2022, the company and its subsidiaries had 1,035, 950, 840, and 712 employees, respectively.

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