Skyways Air Services IPO — Promoters Sell 95.8L Shares

Incorporated in 1984, Skyways Air Services Limited is not a startup chasing its first revenue. It is a four-decade-old air freight forwarding and logistics company with 1,164 employees, a subsidiary called Forin Container Line, and the title of India's number one air freight forwarder by AWB generation — held for four consecutive years. The IPO consists of 4.22 crore equity shares proposed for listing on BSE and NSE. Fresh issue proceeds are earmarked for debt repayment and working capital. The registrar is Bigshare Services. Subscription opened on March 18 and closed on March 20, with the listing on March 25. Check your allotment status today.