Skyways Air Services IPO is fully book build issue and total IPO size is ₹null crores. The entire share offering is an offer for sale of 13333300 shares.
The dates for the Skyways Air Services Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Skyways Air Services Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Skyways Air Services Limited IPO has not been announced yet.
Registrar for this IPO is Bigshare Services Private Limited and lead managers for Skyways Air Services Limited IPO are Holani Consultants Private Limited, Shannon Advisors Private Limited, Dolat Finserv Private Limited.
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IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | 46,251,000 Shares |
| Fresh Issue | 32,917,700 Shares |
| OFS Issue | 13,333,300 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Skyways Air Services Limited Company
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.
Skyways Air Services Limited Financial Details
| 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 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 5.99 | 20.26% | 29.56 | 22.37% | 15.57% |
Offer Objectives
The company proposes to utilize the net proceeds from its fresh issue for several key objectives. The primary aim is to reduce the outstanding borrowings of the company and its subsidiary, Forin Container Line Private Limited. A significant portion, amounting to ₹ 21,678.67 Lakh (₹ 216.79 Crore), is earmarked for this purpose.
In addition to debt reduction, the company plans to allocate funds towards incremental working capital requirements, with an allocation of ₹ 13,000 Lakh (₹ 130 Crore). Furthermore, an amount will be utilized for General Corporate Purposes, which will not exceed 25% of the gross proceeds.
The repayment/prepayment of borrowings is expected to lower debt servicing costs, allowing for internal accruals to be reinvested in business growth. The company believes this will enhance profitability through reduced finance costs and improve the debt-to-equity ratio, enabling future resource mobilization for expansion.
The schedule for deploying these funds includes ₹ 21,678.67 Lakh (₹ 216.79 Crore) for debt repayment in FY2025-26 and ₹ 7,000 Lakh (₹ 70 Crore) and ₹ 6,000 Lakh (₹ 60 Crore) for working capital in FY2025-26 and FY2026-27 respectively. The exact amount for General Corporate Purposes will be finalized based on the Offer Price.
A Pre-IPO Placement of up to 62,50,000 Equity Shares may be considered, not exceeding 20% of the Fresh Issue size, with proceeds also directed towards the offer's objectives.
IPO Registrar Details
Bigshare Services Private Limited
Phone: +91 22 -62638200
Email: [email protected]
Website: http://www.bigshareonline.com
Offer Prospectus & Documents
Lead Managers
- Holani Consultants Private Limited
- Shannon Advisors Private Limited
- Dolat Finserv Private Limited
