Skyways Air Services’ Rs 583-Cr IPO to Open on August 24; Price Band Set at Rs 131-138
NEW DELHI: Air freight forwarding and logistics company Skyways Air Services Ltd will launch its Rs 583 crore IPO on August 24, with the proceeds aimed at strengthening its balance sheet and reducing debt.
The price band has been fixed at Rs 131-138 per share, valuing the company at Rs 1,904 crore to Rs 2,006 crore. The IPO comprises a fresh issue of 2.89 crore shares and an Offer for Sale of 1.33 crore shares. The issue size is estimated at Rs 553 crore to Rs 583 crore.
