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skyway air services set Rs131-138 Band for 24 August IPO.

 

Skyways Air Services will open its ₹5.8 billion ($60 million) IPO for subscription on August 24, 2026, with the issue closing on August 27. The air freight forwarding and logistics company has fixed the price band at ₹131-138 per equity share, with a face value of ₹10 each, stated the Delhi-headquartered logistics company in a press conference on the forthcoming IPO. It also mentioned that investors can bid for a minimum of 100 equity shares and in multiples of 100 thereafter. The IPO comprises a fresh issue of up to 2,88,98,300 equity shares and an offer for sale of up to 1,33,33,300 equity shares by existing shareholders.

Promoter Yashpal Sharma (Chairman and Managing Director of Skyways Air Services) will offer up to 71,20,690 shares, while Tarun Sharma (Director, Skyways Air Services) will offer up to 24,60,000 shares. Other selling shareholders include Himanshu Chhabra (CFO, Skyways Air Services), who will offer up to 18,66,000 shares. The company currently has 11,64,45,244 equity shares outstanding. The equity shares are proposed to be listed on the NSE and BSE.

 

Source: Stattimes