IPO Details

About Company

Skyways Air Services Ltd., incorporated in 2005, is a prominent player in the aviation services sector, specializing in ground handling, cargo management, and passenger services. The company operates under the umbrella of the Skyways Group, which has a diversified portfolio in logistics and transport. With a strong product portfolio that includes baggage handling, ramp services, and cargo warehousing, Skyways Air Services boasts significant manufacturing capacities at major airports across India. The company has established a robust geographic presence, catering to both domestic and international airlines, and operates a comprehensive distribution network to ensure timely and efficient service delivery. For the fiscal year ending March 2023, Skyways reported a total income of INR 500 crores, with a net profit of INR 50 crores, showcasing an EBITDA margin of 15%. The company recorded a Return on Capital Employed (ROCE) of 12% and a Return on Equity (ROE) of 10%, with a manageable Debt-Equity ratio of 0.5. The upcoming IPO aims to raise capital for expansion into new markets and to repay existing debt, positioning the company for sustainable growth. Post-issue, the market capitalization is projected to be around INR 1,500 crores, with an expected Earnings Per Share (EPS) of INR 5 and a Price-to-Earnings (P/E) ratio of 30. Investor sentiment appears cautiously optimistic, driven by the recovery in the aviation sector and the company's strategic growth plans.