Samaksh Gupta

❤️ A Proud Indian.
💻 I am Passionate about Coding.
🚀 My Favorite Pastime- Sci-Fi Movies & Football.

LinkedIn-

[R.K. @ipo_mantra]

MAIN BOARD IPO ALERT – SKYWAYS AIR SERVICES

►Dates: 24 to 27 August, 2026
►Price Band: ₹131 - ₹138
►Lot Size: 100 shares
►IPO Size: 582.8 crore
►Retail Quota: 35%

Notes are prepared from RHP and I have personally attended its IPO Meet at Delhi and interacted with its Management.

-Skyways is a Delhi based company which was established in 1984

-Skyways serves key markets across India through a network of 28 locations, including major cities such as Ahmedabad, Bangalore, Chennai, Cochin, Delhi, Hyderabad, Jaipur, Kolkata, Mumbai, Panipat and Surat, enabling seamless connectivity across major trade hubs

-Company is consistently ranked No. 1 “Air Freight Forwarder” in terms of AWBs generation by World ACD for last four calendar years 2025, 2024, 2023 and 2022 (Source: World ACD Market Data)

-Company has performance-based agreements with several leading global airlines, including Emirates, Saudi Cargo, Air India Cargo, Lufthansa and Qatar Airways

-Internationally, it has expanded its operations to Germany, Vietnam, Bangladesh, Dubai (UAE), Hong Kong, Cambodia, Saudi Arabia and Thailand

-It is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of Value-Added Services to support the diverse needs of its clientele across domestic and international markets

-Skyways has also entered into a consortium arrangement with Swissport International AG, a global air cargo handling service provider headquartered in Switzerland

-As part of its efforts to integrate technology into logistics operations, and technology subsidiary, sGate Tech Solutions Private Limited, develops proprietary technology platforms that support the digital execution of various logistics processes across business

-These platforms facilitate freight quotations, booking management, shipment lifecycle management, documentation, shipment tracking, workflow management, customer communication and operational reporting

-Their integration with its logistics operations is intended to reduce manual intervention, improve information flow across stakeholders, standardize operational workflows, facilitate faster processing of logistics activities and customer requests, and support the continued scalability of its operations

-In addition to these performance-based agreements, the company is an active member of multiple global logistics networks, which serve as structured platforms for cooperation among international freight forwarders and logistics service providers. As of March 31, 2026, it had overall 1193 employees on roll (including its subsidiaries)

-If I talk about financials then details are as under (FY 25-26):

· Revenue: ₹ 2812.9 crore
· PAT: ₹ 63.52 crore
· PAT Margin: 2.26%
· EBITDA Margin: 4.47%
· ROE: 14.15%
· ROCE:18.11%
· RONW: 12.33%
· Networth: 332.64 crore

-It may be noted that in logistics sector, PAT Margin remains 1-1.25% but Skyways is consitently achieving 2.25% PAT margin from last 3 years (Source : RHP)

-It’s a dividend paying company and consistently paying dividends

-Track Record of its Lead Manager Holani Consultants is excellent and none of its IPOs listed below issue price

-Listed Peers of the company are: Delhivery, Shadowfax, Mahindra Logistics and TVS Supply Chain

-Objects of the issue from fresh offer are:

1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by its Company and Subsidiary “Forin Container Line Private Limited”

2. Funding incremental working capital requirements of the Company

3. General corporate purposes.

Running GMP ₹ 33

All queries about this IPO are welcome in the comments section.

[R.K. @ipo_mantra]

TO ALL IPO INVESTORS

When there are too many SME IPOs at the same time, then we should be very cautious and our focus must be on the best SME IPO.

Today I am posting my detailed notes on a very good opportunity.

Name of the Company: Shivalic Power Control Ltd.

►Dates: 24 – 26 June 2024
►Price Band: ₹ 95/- to ₹ 100/-
►Lot Size: 1200 shares
►IPO Size: 64.32 crore
►Retail Quota: 35%
►Minimum Retail Investment: ₹ 1,20,000/-
►Minimum HNI Investment: ₹ 2,40,000/-

GMP is already rocking and is ₹ 155/- (155% of the IPO price)

(GMP taken from various IPO related Websites and Apps)

My detailed notes and views on this SME are as follows:

(Notes prepared after going through its RHP filed with NSE, Online Investors Meet, IPO Presentation and IPO notes)

🔹Shivalic Power was incorporated in 2004 and it is an ISO-certified LT and HT electric panel manufacturer.

🔹It manufactures a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels.

🔹Shivalic is authorised by L&T, Siemens, Schneider Electric and TDK to manufacture fully typetested panels which it serves to more than 15+ industrial Sectors in India as well as in outside India, like Nepal, Bangladesh, African countries such as Uganda, Kenya, Nigeria, Algeria

🔹Company buys most of the materials directly from industrial giants like L&T, Siemens, ABB, C&S and EPCOS

🔹Usually Shivalik is serving traditional industries like FMCG, Metal, Cement, Automobile etc. But from the last year it has diversified its business and started serving to data centre industry as well

🔹Modern facility set up in IMT Faridabad equipped to showcase immediate 3x growth

🔹Strategic Partnerships with Siemens, Schneider, L&T & Epcos

🔹Shivalic got its biggest order for LT works in the RBI Data Centre complex at Bhubaneshwar from HPE in November 2023.

🔹Company has over 500 client base from 20 different sectors. It includes Airtel, Tata Steel, JSW, Coca Cola, JK Papers, Maruti, Honda, Natco, Godrej, Cadbury, Siemens, L&T and many more

🔹Shivalic is going for expansion and planning to open new offices like Kolkata, Ahmedabad (in 2024 and Mumbai, Hyderabad, Nepal and Bangladesh (in 2025)

🔹IPO funds will be utilized as :-

(i) Capital Expenditure - Funding for procurement of new machineries and Construction of new assembly line by shedding the roof
(ii) to meet the working capital requirements of the company
(iii) to meet out the inorganic growth through unidentified acquisition for Company
(iv) General Corporate Expenses

🔹Company has been growing at 35% CAGR since last 10 years

🔹Generally companies take 30 Years to reach 100 Crore mark in Control Panel Industry whereas Shivalic has reached in 10 years only

🔹Experienced management and Skilled employee base

🔹If I attribute annualized FY 24 earnings to its post-IPO fully diluted paid-up capital, then IPO is coming at approx P/E of 24x which is reasonable if I compare it with its listed peers

🔹Track Record of its Merchant Banker, i.e. Corporate Capital Ventures (CCV) is good

🔹Last few IPOs handled by CCV are GP Eco Solutions, Creative Graphics, Trust Fintech, Oriana Power, Rocking Deals, Alpex Solar, Esconet Technologies and Accent Microcell

🔹Anchor List seems impressive

Do proper study/research before applying in SME IPOs.

(Disclaimer: I am applying in this SME IPO)

All queries regarding SME IPOs are welcome in comments section.

[Samaksh Gupta @samakshgupta04]

So happy and excited to attend ICPC 2023 Regionals at Amritapuri.
The event is of 2 days held at Amrita Vishwa Vidyapeetham.

Also received awesome goodies ✨

[Samaksh Gupta @samakshgupta04]

@aditya__exe @0xSiddesh 😂😂😂

[Samaksh Gupta @samakshgupta04]

@0xSiddesh
#brbjaipur #brbjaipurmeme #brbindia #pushforweb3

[Samaksh Gupta @samakshgupta04]

We were also told about Hackathons in Web3 and how they are different from our usual Web2 hackathons.

The event was overall very interesting. It was a big learning opportunity for all the beginners.

A very big thanks to @Jaipur_Manipal and @gdscmuj for this event 🎉

(3/3)

[Samaksh Gupta @samakshgupta04]

#brbindia #pushforweb3
Summary of Billion Reasons to Build, Jaipur on 21st Oct'23 (1/3)

@Lucifer0x17 and @megabyte0x talked about:
🔶 What is web3?
🔶 They talked about the Decentralization, Security & Transparency of blockchain.
🔶 They told us about Ethereum and what it is.

[Samaksh Gupta @samakshgupta04]

We then got introduced to @0xPolygon and what it is. We got to know about the basics of Bitcoin, Ether and polygon as a side-chain to Ethereum.

We were told about the perks of Web3 and the plethora of opportunities it has for us.

(2/3)

[Samaksh Gupta @samakshgupta04]

@twitter @x @elonmusk
Infinite loading glitch ✌️

[Samaksh Gupta @samakshgupta04]

@manishtyagi__ @APIDayJaipur @PolygonGuild Thanks! 🎉

[Samaksh Gupta @samakshgupta04]

Mornin'
Thanks to @APIDayJaipur and @PolygonGuild for the cool swags!
Looking forward for more such events 😁

#apidayjaipur

[Samaksh Gupta @samakshgupta04]

@dinisha_agarwal @APIDayJaipur @PolygonGuild Thank you so much!

[Rishi Jain @rishijaindev]

Winner in both the quizzes!
You deserved these🎉🎉🚀🚀

[Samaksh Gupta @samakshgupta04]

@rishijaindev Thanks a lot! 🔥

[Samaksh Gupta @samakshgupta04]

@aditya__exe @APIDayJaipur Hey your event was fire 🔥

Would've been better if I was called on Stage the 2nd time as well upon winning the quiz :)

[Samaksh Gupta @samakshgupta04]

@APIDayJaipur at MUJ @Jaipur_Manipal

Got an amazing opportunity to learn about APIs, their structure, best practices and security vulnerabilities. Thank you to @gdscmuj, Ali Mustufa Sir @ialimustufa, Vaibhav Kadam Sir for their amazing insights and knowledge!
#Apidayjaipur

[Samaksh Gupta @samakshgupta04]

Question- (2/2)
What is better: A single expensive API call heavily ratelimited or multiple less-expensive API calls? My concern is multiple calls might look like a mini ddos when multiple clients make it. Also what's the threshold to stop with HTTP Requests and switch to WS?

[Samaksh Gupta @samakshgupta04]

@ialimustufa @APIDayJaipur
#PostmanStudent (1/2) Thank you for the wonderful session Sir! The examples were really great and taught me a lot. I really love the touch of humour which made the session interesting.
I have a question Sir-