Skyways Air Services, a Delhi-based air freight forwarding and logistics company, has received the Securities and Exchange Board of India (SEBI) nod for an Initial Public Offering (IPO).

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Skyways Air Services receives SEBI’s nod for IPO
www.stattimes.com

Skyways Air Services receives SEBI’s nod for IPO

Proceeds will repay ₹216.78 crore in borrowings, allocate ₹130 crore for working capital, and fund general corporate purposes.

Skyways Air Services, a Delhi-based air freight forwarding and logistics company, has received the Securities and Exchange Board of India (SEBI) nod for an Initial Public Offering (IPO). The fresh issue component will consist of 3.29 crore equity shares with a face value of ₹10 each. Concurrently, the offer for sale (OFS) will see existing shareholders, including the promoters, offload 1.33 crore shares.

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Skyways Air Services receives SEBI’s nod for IPO
www.itln.in

Skyways Air Services receives SEBI’s nod for IPO

Proceeds will repay ₹216.78 crore in borrowings, allocate ₹130 crore for working capital, and fund general corporate purposes.

Skyways Air Services, a 40-year legacy Indian air cargo services company, is planning an initial public offering (IPO) of 4.62 crore shares with a face value of Rs 10 each.

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Yashpal Sharma plans IPO for Skyways Air Services
www.itln.in

Yashpal Sharma plans IPO for Skyways Air Services

Skyways reported revenue from operations of Rs 1,637cr for nine months ended Dec 31, 2024 with net profit of Rs 36.83cr.