Anatomy of an IPO. Every figure read from a filing
SKYWAYS AIR SERVICES LIMITED
IssueRs 583 cr
Amount of issue size: 5,82,80,00,000
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD AMOUNT OF ISSUE SIZE
PriceRs 138
Issue Price for the current Public issue Rs. 138/- per share
BSE NOTICE 20260831-29 P.2 · SHA256 ECA62712 · NOTICE ISSUE PRICE
Lot100 sh / Rs 13,800
Market lot: 100
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD MARKET LOT
Allotted28 Aug 2026
Date of Allotment in the public issue: August 28, 2026
BSE NOTICE 20260831-29 P.2 · SHA256 ECA62712 · NOTICE DATE OF ALLOTMENT
Listed1 Sep 2026
Date of listing: 2026-09-01
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD DATE OF LISTING
01 Who was given shares, and on what terms
Anchor investors29.95%
Number of share allocated to anchor: 1,26,48,000
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD SHARES ALLOCATED TO ANCHOR
ALLOCATED BEFORE BIDDING OPENED, AT A PRICE NOBODY BID · RS 175 CRORE
Other institutions19.97%
Number of share allocated to QIB: 84,32,000
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD ALLOCATED TO QIB
QUALIFIED INSTITUTIONAL BUYERS, NET OF THE ANCHOR PORTION
Wealthy individuals15.04%
Number of share allocated to NII: 63,51,600
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD ALLOCATED TO NII
NON-INSTITUTIONAL, THE PORTION ABOVE TWO LAKH RUPEES
People like you35.04%
Number of share allocated to RII: 1,48,00,000
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD ALLOCATED TO RII
RETAIL. GUARANTEED BY LAW WHETHER OR NOT ANYONE WANTS IT
The odds of an application getting shares need the retail subscription, which comes from the bid book while bidding runs. This issue listed before this site began holding books, and the exchange withdraws the book at close, so for this issue it no longer exists anywhere.
02 The issue, and where the money went
4,22,31,600 shares offered
Number of issue shares: 4,22,31,600
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD NUMBER OF ISSUE SHARES
Rs 583
crore
Amount of issue size: 5,82,80,00,000
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD AMOUNT OF ISSUE SIZE
BIDDING 24 AUG 2026 TO 27 AUG 2026 PRICE FIXED AT RS 138
03 Where the money came out
100% of the money
Partly to the company, partly to selling shareholders
Rs 583 crore
COMPOSITION FRESH AND OFS · 1,33,33,300 SHARES SOLD BY EXISTING HOLDERS
Number of offer for sale shares: 1,33,33,300
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD OFFER FOR SALE SHARES
Rs 399 crore
to the company
THE FRESH ISSUE PORTION, AT THE ISSUE PRICE.
What the company will do with it
The objects of the offer are complete only in the final prospectus. A red herring states the fixed objects and leaves the residual one and the total blank, because both depend on the price.
04 What the company earns
FY 2026Rs 2,812.90 croreRs 63.52 crore profit for the year · 2.3% of revenueFY 2025Rs 2,247.82 croreRs 48.14 crore profit for the year · 2.1% of revenueFY 2024Rs 1,289.11 croreRs 34.49 crore profit for the year · 2.7% of revenueWhat the filing states about the latest year · FY 2026
EBITDARs 125.65 croreEBITDA margin4.47%Return on net worthnot stated in a table that checks outReturn on capital employednot stated in a table that checks outDebt to equitynot stated in a table that checks outCurrent rationot stated in a table that checks outNet worthnot stated in a table that checks outRead from the restated statement of profit and loss and the key performance indicators, which agree
What the filing states about the latest year · FY 2026
Read from the restated statement of profit and loss and the key performance indicators, which agree
10 line(s) over 2026, 2025, 2024: revenue from operations 2026 Rs 2812.90 crore, 2025 Rs 2247.82 crore, 2024 Rs 1289.11 crore
SKYWAYS AIR SERVICES LIMITED - RHP P.76 · SHA256 2311FE7B · RESTATED PROFIT AND LOSS
5 indicator(s) over 2026, 2025, 2024: Revenue from Operations (1) (₹ in Lakhs) 2026 Rs 2812.90 crore, 2025 Rs 2247.82 crore, 2024 Rs 1289.11 crore
SKYWAYS AIR SERVICES LIMITED - RHP P.136 · SHA256 2311FE7B · KEY PERFORMANCE INDICATORS
05 What the profit is made of
Rs croreFY 2026FY 2025FY 2024Revenue from operations2,812.902,247.821,289.11Other income26.7723.1727.70Other income as a share of profit before tax30.5%34.5%57.2%Finance cost48.0828.8118.77Profit before tax87.6867.1548.38Taxa share of an associate sits between the twoEffective tax ratea share of an associate sits between the twoProfit after tax63.5248.1434.49
10 line(s) over 2026, 2025, 2024: revenue from operations 2026 Rs 2812.90 crore, 2025 Rs 2247.82 crore, 2024 Rs 1289.11 crore
SKYWAYS AIR SERVICES LIMITED - RHP P.76 · SHA256 2311FE7B · RESTATED PROFIT AND LOSS
5 indicator(s) over 2026, 2025, 2024: Revenue from Operations (1) (₹ in Lakhs) 2026 Rs 2812.90 crore, 2025 Rs 2247.82 crore, 2024 Rs 1289.11 crore
SKYWAYS AIR SERVICES LIMITED - RHP P.136 · SHA256 2311FE7B · KEY PERFORMANCE INDICATORS
The tax is the difference between the two figures the statement states either side of it. Everything else is copied from the statement.
06 What moved between the company and its owners
Every prospectus states what the company bought from, sold to, paid and lent to the people who run and own it. It is published here only where the table checks against itself, either because every amount is printed beside its own percentage or because the rows add up to the totals stated under them. This prospectus states it in a shape this reader does not yet follow.
07 What the shares already in issue were paid for
Every prospectus states what was paid for the shares already in issue, allotment by allotment, since the company was incorporated. It is published here only where the allotments add up to the capital the exchange separately states was in issue before the offer. On this prospectus they do not, so the table is not shown.
08 When those shares come back to the market
- 28 Aug 2026ALLOTMENT
- 1 Sep 2026LISTED
- 27 Sep 2026Anchor lock-in, first trancheRs 87 crore · 63,24,000 SHARES UNLOCK
- 26 Nov 2026Anchor lock-in, second trancheRs 87 crore · 63,24,000 SHARES UNLOCK
09 Every dated unlock, with the page it was read from
Anchor lock-in, first tranche
28 Sep 2026
ICDR Sch XIII Pt A Cl.10(j) · 30 days
Shares: 63,24,000
At the issue price: Rs 87.27 crore
Source: BSE issue summary, scrip 544890 p.1 8e5d3041
Number of share allocated to anchor: 1,26,48,000
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD SHARES ALLOCATED TO ANCHOR
Period: 30 days
locked in for a period of 30 days from the date of Allotment
SKYWAYS AIR SERVICES LIMITED - RHP P.594 · SHA256 2311FE7B · STATED ANCHOR FIRST TRANCHE
Anchor lock-in, second tranche
26 Nov 2026
ICDR Sch XIII Pt A Cl.10(j) · 90 days
Shares: 63,24,000
At the issue price: Rs 87.27 crore
Source: BSE issue summary, scrip 544890 p.1 8e5d3041
Number of share allocated to anchor: 1,26,48,000
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · ISD SHARES ALLOCATED TO ANCHOR
Period: 90 days
90 days from the date of Allotment
SKYWAYS AIR SERVICES LIMITED - RHP P.594 · SHA256 2311FE7B · STATED ANCHOR SECOND TRANCHE
Not dated on this page, and why
- Minimum promoters' contribution: the prospectus does not state the minimum promoters' contribution period in a form this reader recognises, and the period depends on whether the proceeds fund capital expenditure
- Promoter holding above the minimum: the promoters' total holding after the offer, which this lock-in is that total less the minimum contribution, was not read from the capital structure summary, or the contribution itself was not
- Pre-IPO non-promoter lock-in: everything locked for six months that is not the promoters own holding follows by arithmetic from the post-issue capital, the offer and the promoters holding, all of which are here, except for the shares the regulation exempts from lock-in, which no filing in this store states as a count. Without that count the figure would be an upper bound rather than a figure, so it is not published
29.95% of this issue was allocated before the public could bid, at a price nobody bid.
BSE ISSUE SUMMARY, SCRIP 544890 P.1 · SHA256 8E5D3041 · NOTHING HERE IS ADVICE.
Free forever. No advertising, no affiliate links, no paid tier. No grey market premium. No scores, no ratings. Nothing here is investment advice.