Now Reading: Skyways Air Services raises Rs 174.5 crore from anchor investors
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Skyways Air Services raises Rs 174.5 crore from anchor investors
Skyways Air Services raises Rs 174.5 crore from anchor investors
Air freight forwarding and logistics firm Skyways Air Services Ltd has raised Rs 174.5 crore from anchor investors ahead of its initial public offering (IPO), which opens for subscription on August 24. The company allocated 1.26 crore equity shares to anchor investors at Rs 138 apiece, the upper end of its price band.
Nomura Singapore, Citi Group Global Markets Mauritius, Holani Venture Capital Fund-I, IndusInd General Insurance, ASAS Global Fund, Bank of India Mutual Fund and Taurus Mutual Fund were among the participants. The IPO comprises a fresh issue of up to 2.89 crore shares and an offer-for-sale of up to 1.33 crore shares by promoters and existing shareholders. The price band is fixed at Rs 131-138 per share.
Proceeds from the fresh issue will be used for repayment of borrowings, funding working capital requirements and general corporate purposes. The issue will close on August 27. Incorporated in 1984, Skyways Air Services operates in air and ocean freight forwarding, trucking, warehousing, customs broking, and express cargo and parcel delivery.
Indian Opinion Analysis
Both sources report the same anchor investor allocation factually, with no variation in framing. The coverage is uniform straight reporting, typical of a regulatory update. The anchor round's strong participation by foreign and domestic institutional investors suggests healthy demand ahead of the IPO, but the final subscription figures and listing performance will be the real test. Investors should watch the subscription numbers from August 24 to 27.
Coverage: 2 sources, 2 neutral
Sources (2): freepressjournal.in (neutral report), bseindia.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
