- Skyways Air Services IPO Announces
Skyways Air Services Limited, a prominent logistics provider in India, has announced its Draft Red Herring Prospectus (DRHP) for an upcoming IPO. This IPO is an Offer for Sale (OFS) of 13333300 shares by existing shareholders.
Company Overview
Skyways Air Services Limited (SASL), established in 1984, is a leading logistics provider in India, consistently ranked No. 1 “Air Freight Forwarder”. Headquartered in New Delhi, with an operational presence in 31 locations across India and international offices including Germany, Vietnam, Bangladesh, Dubai, Hong Kong and Thailand. SASL offers a comprehensive suite of services including air and ocean freight forwarding, trucking, warehousing, and customs broking.
SASL serves key customer segments like FMCG (Parle, Britannia), Pharmaceuticals (Morepen, IPCA), Automotive (Tata Motors, Eicher), Textiles (Vardhman, Arvind), and Engineering Goods (Honeywell, JCB). They also provide specialized logistics solutions for hazardous materials, cold chain requirements, and e-commerce, supported by strategic warehousing near major transport hubs and automated handling systems. Real-time shipment visibility is provided via digital tracking and AI-driven optimization. SASL is IATA-accredited, AEO certified, and ISO 9001:2015 certified.
Key Achievements
Skyways Air Services Limited has achieved significant milestones, establishing itself as a leader in the logistics sector. Known for its comprehensive suite of services and robust operational network, the company has demonstrated consistent growth and innovation in logistics solutions.
Financial Overview ( in Lakhs)
Here s a snapshot of the company s recent financial performance:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 8549.40 | 7903.54 | 4482.88 | 4647.16 |
| Revenue | 16372.21 | 12891.10 | 14841.23 | 16585.63 |
| Profit After Tax | 368.38 | 344.94 | 379.03 | 460.44 |
| Net Worth | 2388.88 | 1860.56 | 1302.35 | 1008.73 |
| Reserves and Surplus | 1207.21 | 1438.21 | 1147.49 | 960.57 |
| Total Borrowing | 4222.22 | 3573.35 | 1750.24 | 1634.03 |
Offer for Sale and IPO Structure
The IPO consists entirely of an Offer for Sale of 13333300 shares. The allocation of shares for different investor categories is as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on both the BSE and NSE.
Lead Managers and Registrar
The lead managers for the IPO are Holani Consultants Private Limited, Shannon Advisors Private Limited, and Dolat Finserv Private Limited. Bigshare Services Private Limited is the registrar for the issue.
Conclusion
Skyways Air Services Limited’s IPO presents an exciting opportunity for investors. Stay tuned for updates on the IPO dates and further details. Keep an eye on this space for more information as it becomes available!