Skyways Air Services Ltd

Initial public offer of up to 4,62,51,000 equity shares of face value of Rs. 10/- each (Equity Shares) of the company for cash at a price of Rs. [] per equity share (Including a Share Premium of Rs. [] per equity share), aggregating to Rs. [] crores (the Offer) comprises of a fresh issue of up to 3,29,17,700 equity shares aggregating to Rs. [] crores (Fresh Issue) and an offer for sale of up to 1,33,33,300 equity shares (Offered Shares) aggregating to Rs. [] crores comprising up to 71,20,690 equity shares by Yashpal Sharma aggregating up to Rs. [] crores and up to 24,60,000 equity shares by Tarun Sharma aggregating up to Rs. [] crores (Collectively, Promoter Selling Shareholders and up to 18,66,000 equity shares by Himanshu Chhabra aggregating up to Rs. [] crores and up to 18,86,610 equity shares by Rohit Sehgal aggregating to Rs. [] crores (Collectively, Other Selling Shareholder), (the Selling Shareholders), and such offer for sale of equity shares by the selling shareholders, the Offer for Sale). The offer will constitute [] % of the post offer paid up equity share capital of the company. The company, in consultation with the brlms, may consider a pre-ipo placement as may be permitted under the applicable law, aggregating up to 62,50,000 equity shares of face value of Rs. 10/- each prior to filing of the (Pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlms. if the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. if the pre-ipo placement is completed, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the offer complying with Rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended (scrr). Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to the allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if Undertaken). The price band and the minimum bid lot will be decided by the company.