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Skyways Air Services Limited, established 1984, is an air freight forwarding and logistics company that began as a Custom House Agent, expanded to air/ocean freight forwarding, trucking, warehousing and technology-driven express cargo/parcel delivery. Revenue Rs 2,839.67 Cr (2026) vs Rs 2,270.99 Cr (2025); PAT Rs 63.52 Cr vs Rs 48.14 Cr. Issue: fresh 2.89 Cr shares + OFS 1.33 Cr shares. Proceeds for debt repayment and working capital. Final subscription: 71.25x overall (QIB 139.69x, NII 87.24x, Retail 25.40x). Listed Sep 1, 2026: NSE Rs 124 (-9.78%), BSE Rs 124.50; closed Rs 125.65 (-8.95%).