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Skyways Air Services defers IPO launch; CMD Yashpal Sharma says Middle East exposure limited.

 

Skyways Air Services is relatively insulated from the ongoing Middle East crisis, with less than 10% of its business directly exposed to the region, chairman and managing director Yashpal Sharma said.

The Delhi-based air freight forwarding and logistics company, which had planned to launch its IPO on March 18, but is now reportedly deferring it amid volatile global conditions, said its diversified operations and ability to create alternate logistics solutions have helped mitigate disruptions caused by the crisis.

Skyways Air Services, in its red herring prospectus (RHP) filed with the Securities and Exchange Board of India (Sebi) on March 2, stated that it plans to launch its three-day IPO between March 18 and March 20. The company had earlier filed its draft red herring prospectus (DRHP) with the regulator on June 30, 2025, and received Sebi’s approval on October 31, 2025.

 

Source: Fortuneindia