Skyways Air Services IPO gets marquee backing, Citi, Nomura join Rs 174 crore anchor book

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.

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.

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Skyways Air Services IPO details

The Skyways Air Services IPO comprises a fresh issue of 2.89 crore shares aggregating to Rs 398.80 crore and an offer for sale (OFS) of up to 1.33 crore shares worth Rs 184 crore by promoters and other selling shareholders.

The IPO will open for subscription on August 24, 2026 and close on August 27, 2026. 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.

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.

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.

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 Services

Skyways 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. The company operates across the logistics value chain and caters to industries requiring domestic and international cargo movement.

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