Skyways Air Services Ltd, a leading player in air freight forwarding and logistics, has initiated its journey towards a public listing by filing a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). The company plans to raise capital through a combination of a fresh issue and an offer for sale, aiming to strengthen its balance sheet by repaying debt and enhancing working capital. Founded in 1984 as a Custom House Agent, Skyways has evolved into a comprehensive logistics provider with revenues exceeding Rs. 1,289 crore in FY24.