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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Prepayment or Repayment of Borrowings
Full or partial prepayment or repayment of specified credit facilities availed by the company and its subsidiary, Forin Container Line Private Limited.
Funding Working Capital Requirements
Allocation of capital to support incremental working capital requirements for operational growth.
General Corporate Purposes
Funding general operational expenses, administrative costs, and strategic business development initiatives.
(₹ in Crore)
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Skyways AIR Service Limited is an Indian multi-modal freight forwarding and logistics enterprise specializing in air cargo transport services. Headquartered in New Delhi, the company provides end-to-end supply chain solutions including air freight forwarding, ocean freight logistics, surface transport, custom house clearance, and third-party warehousing. Operating through an asset-light model, Skyways leverages long-standing relationships with major international commercial airlines and shipping lines to move cargo across domestic and international trade lanes. Established in 1983 by its founders Yashpal Sharma and Tarun Sharma, the business has grown to encompass a broad operational network across key commercial hubs in India, supported by global agency partnerships across Europe, Asia-Pacific, North America, and the Middle East. The company operates specialized cold-chain logistics facilities strategically situated near Indira Gandhi International Airport in New Delhi, designed to accommodate temperature-sensitive shipments such as pharmaceuticals, perishable food products, and high-value cargo. Skyways caters to a diverse client base across industries including healthcare, automotive, electronics, retail, and industrial manufacturing. By combining digital tracking systems, customs compliance expertise, and scalable freight capacity, the company focuses on deepening client relationships and expanding its multi-modal logistics services to capture growth in domestic and cross-border trade.
Skyways AIR Service Limited allocated 1,26,48,000 equity shares to anchor investors at Rs 138 per share, raising Rs 174.54 crore prior to the issue opening.
Source: RHP • Analysis provided for informational purposes
Last Updated: 31 August 2026, 10:01 PM
Established Air Freight Position
Maintains a leading presence in Indian air cargo forwarding backed by enduring commercial ties with major global airline carriers.
Comprehensive Multi-Modal Freight Network
Delivers integrated transportation solutions bridging air freight, sea shipping, overland trucking, custom house brokerage, and warehousing.
Specialized Cold-Chain Storage Infrastructure
Operates temperature-controlled facilities near New Delhi airport equipped for sensitive pharmaceutical products and perishable cargo.
Capital-Efficient Operational Framework
Utilizes partner logistics networks and digital shipment tracking to scale throughput without capital-heavy fleet investments.
Revenue Concentration in Air Cargo Services
Operating cash flows depend heavily on air cargo volumes, leaving performance vulnerable to shifts in global air freight demand.
Vulnerability to Tariff and Fuel Volatility
Fluctuations in international freight rates, aviation fuel surcharges, and currency exchange rates could squeeze operating margins.
Substantial Working Capital and Debt Service
Business operations demand significant ongoing liquidity and continuous servicing of outstanding debt facilities.
Skyways AIR Service Limited
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Reliance on External Carrier Schedules
Transportation capacity depends on third-party commercial airlines and maritime shippers, exposing operations to carrier availability constraints.