Skyways Air Services Takes Flight: IPO Set to Elevate Market Presence
Skyways Air Services Ltd, an established air freight and logistics company, has filed for an IPO with Sebi. The offering includes fresh equity and shares for sale and aims to raise funds for debt repayment, working capital, and corporate purposes. The company expands beyond its origins, now featuring a diverse logistics portfolio.
- Country:
- India
Skyways Air Services Ltd has initiated steps to launch an IPO, according to recent papers submitted to markets regulator Sebi. The move aims to bolster its financial standing through a combination of fresh equity and existing shares for sale.
Founded in 1984, the company has transformed from a Custom House Agent to a comprehensive logistics service provider. Its operations now encompass air and ocean freight, trucking, warehousing solutions, and fast-paced delivery services.
Proceeds from the IPO will address debt repayment, enhance working capital, and support general corporate objectives. Participating in this issuance are Holani Consultants, Shannon Advisors, and Dolat Finserv, guiding the company toward its impending debut on the BSE and NSE.
(With inputs from agencies.)
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