Skyways Air Services IPO

This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.

Lot size and investment

Reservation

QIB

2,10,80,000 shares (49.92% of the Offer)

NII

63,51,600 shares (15.04% of the Offer)

Retail

1,48,00,000 shares (35.04% of the Offer)

Current GMP

₹32

▲+23.19%

Estimated listing price

₹170

Issue price ₹138

Highest

₹50

20 Aug

Lowest

₹0

5 Mar

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

31.58

EPS (₹)

4.37

RoE

14.15%

RoCE

18.11%

RoNW

12.33%

PAT Margin

2.26%

EBITDA Margin

4.47%

Debt / Equity

1.26

NAV (₹)

28.91

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Skyways Air Services Limited is an Indian logistics and air freight forwarding company that was founded in 1984 by S. L. Sharma. The company initially started its operations as a Custom House Agent (CHA) and gradually expanded into the international cargo and logistics sector. Over the years, it has developed into a well-known player in India’s air freight forwarding industry, with headquarters in New Delhi and operations connected to several international logistics networks. The company provides a wide range of logistics services including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, and express cargo delivery. Its business model is largely asset-light, where it coordinates cargo transportation through airline partners and logistics networks instead of owning aircraft. The company is currently led by Yashpal Sharma, Chairman and Managing Director, who has helped expand the business into multiple logistics segments and international markets.

Objects of the issue

1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary Forin Container Line Pvt.Ltd..₹216.79 Cr
2. Funding incremental working capital requirements of the Company.₹130 Cr
3. General Corporate Purposes

Promoters and shareholding

Yashpal Sharma and Tarun Sharma

Promoter holding, pre-issue

79.14%

Promoter holding, post-issue

56.82%