Skyways Air Services listing: Shares list at 10.1% discount compare to IPO price on NSE Skyways Air Services shares made a weak debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Tuesday, September 1, 2026. The company's stock opened at ₹124 on the NSE, reflecting a 10.1% discount compared to its initial public offering (IPO) price of ₹138. On the BSE, shares started trading at ₹124.5, a 9.7% decline from the issue price. The IPO, valued at ₹583 crore, included a fresh issue of ₹399 crore and an offer-for-sale component of over 1.3 crore shares worth ₹184 crore. The company, established in 1984, has over four decades of experience in the logistics industry. It began as a customs house agent and expanded into a multi-modal logistics provider offering air and ocean freight forwarding, trucking, warehousing, customs broking, express cargo, and parcel delivery services. Skyways Air Services has consistently ranked as the top "Air Freight Forwarder" by AWBs generated, according to World ACD, for the past four years (2022–2025). Air freight constitutes the company's largest revenue stream, contributing ₹2,166.40 crore or 77.02% of total revenue in fiscal year 2026. Ocean cargo accounted for ₹422.60 crore (15.02%), while express cargo and parcel services generated ₹162.78 crore (5.79%). Financial performance for the company showed steady growth over the past three fiscal years. Revenue increased from ₹1,289.11 crore in FY24 to ₹2,812.89 crore in FY26. Total assets rose from ₹790.35 crore to ₹1,508.24 crore, while net profit grew from ₹34.49 crore to ₹63.52 crore. EBITDA, a measure of operational profitability, climbed from ₹48.34 crore to ₹125.64 crore.#national_stock_exchange #bombay_stock_exchange #skyways_air_services #world_acd #netaji_subhas_chandra_bose_international_airport
