Skyways Air Services, a prominent player in the logistics and air freight sector, has filed draft papers with the market regulator Sebi for an initial public offering (IPO), according to a Reuters report.
The IPO will consist of a fresh issue of 32.9 million equity shares and an offer for sale (OFS) of 13.3 million shares by existing shareholders.
Skyways Air Services plans to use the proceeds from the fresh issue to repay debt and fund capital expenditure (capex).
Further details on pricing, valuation, or the listing timeline are yet to be disclosed.
Skyways is one of the leading logistics service providers in India, offering air cargo, ocean freight, and supply chain solutions across both domestic and international markets.
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