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  • Swajas Air Charters Ltd IPO (Swajas Air IPO) Detail

    Sep 26, 2011 - Oct 05, 2011        
      
       

    Swajas Air Charters Ltd is a a Non-Scheduled Airline Operator, servicing a fleet of fixed-wing aircraft and helicopters within and outside India.

    The services provided by Swajas Air can fulfill various Aviation requirements which range from corporate travel to emergency medical services as well as from aircraft management to maintenance and technical support. Swajas Air offers a number of services falling under the segments of:

    1. General Air-Charter Services
    2. Off-Shore Transportation & Logistics
    3. Charter Tourism
    4. Medical Evacuation Services
    5. Operations & Maintenance

    Swajas clients base includes Hardy Exploration & Production (India) Inc., Government of Orissa, Videocon Industries Limited, Larsen & Toubro Limited, Nimbus Communications Limited, Suzlon Energy Limited, Apollo Hospitals Group, BALCO (Bharat Aluminium Company Limited) etc.

    Company Promoters:

    The Individual Promoters are:

    1. Mr. R. Jayakumar
    2. Mr. Christopher Ian Want

    Company Financials:

    ParticularsFor the year/period ended (in Rs. Lacs)
    31-Mar-1131-Mar-1031-Mar-09
    Total Income3263.002,915.12751.97
    Profit After Tax (PAT)134.2378.5738.78

    Objects of the Issue:

    The objects of the issue are:

    1. Part Finance the Fleet expansion;
    2. Finance the setting up of MRO/Hangar Facility;
    3. Finance the purchase of Office Building / Space;
    4. Finance the Working Capital Requirements; and
    5. General Corporate Purposes.

    Issue Detail:

      »»  Issue Open: Sep 26, 2011 - Oct 05, 2011
      »»  Issue Type: 100% Book Built Issue IPO
      »»  Issue Size: 4,166,667 Equity Shares of Rs. 10
      »»  Issue Size: Rs. 37.50 Crore
      »»  Face Value: Rs. 10 Per Equity Share
      »»  Issue Price: Rs. 84 - Rs. 90 Per Equity Share
      »»  Market Lot: 60 Shares
      »»  Minimum Order Quantity: 60 Shares
      »»  Listing At: BSE, NSE

    Swajas Air Charters IPO Grading

    ICRA has assigned an IPO Grade 2 to Swajas Air Charters IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Swajas Air Charters IPO Report

    Check IPO Ratings from other stock analysts.

    Swajas Air IPO Reviews:

    1. Dilip Davda says 'Avoid' to Swajas Air Charters Ltd IPO
    2. MLR Securities Private Ltd says 'Avoid' to Swajas Air Charters Ltd IPO

    IPO Notices

    Swajas Air has cancelled the issue

    Dilip Davda
    Posted on 03 Nov, 2011

    As per latest info, Swajas Air has cancelled the issue and inspite of getting 1.72 times subscription, it has opted to refund the application money to all with interest on delayed payment, if any. Thus the issue is not going to be listed. In fact, the company now mulls afresh filing of offer documents and will come at appropriate time with IPO.


    BSE Notice: Swajas Air Charters Ltd IPO date / price revised

    Posted on 28th Sept 2011

    Book Running Lead Manager to the issue has informed the Exchange that the SWAJAS AIR CHARTERS LIMITED issue will close on Oct 5th, 2011 instead of the earlier closing day on Sep 28th 2011.Further price band has revised from 90/- to Rs100/- to Rs. 84/- to Rs. 90/- per share. Post issue modification date has been revised to 7th Oct, 2011.

    Issue Subscription Detail / Current Bidding Status

    Number of Times Issue is Subscribed (BSE + NSE)
    As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
    Shares Offered / Reserved 2,083,334  625,000  1,458,333  4,166,667 
     Day 1 - Sep 26, 2011 17:00 IST 0.0000 0.0000 0.0000 0.0000 
     Day 2 - Sep 27, 2011 17:00 IST 0.0000 0.0000 0.0000 0.0000 
     Day 3 - Sep 28, 2011 17:00 IST 0.0000 0.0100 0.0400 0.0100 
     Day 4 - Sep 29, 2011 17:00 IST 0.0000 0.0100 0.0400 0.0100 
     Day 5 - Sep 30, 2011 17:00 IST 0.0000 0.0100 0.0400 0.0100 
     Day 6 - Oct 03, 2011 17:00 IST 0.0000 0.0100 0.0400 0.0100 
     Day 7 - Oct 04, 2011 17:00 IST 0.8000 0.0000 0.0400 0.4100 
     Day 8 - Oct 05, 2011 17:00 IST 0.9000 2.1800 2.6900 1.7200 

    New Compare Stock Brokers in India

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    Swajas Air IPO News Alerts

    1. Wednesday, September 28, 2011 10:41:02 AM
      Swajas Air Charters IPO postponed
    2. Thursday, September 22, 2011 3:56:55 AM
      Upcoming IPO - Swajas Air Charters Ltd

    Swajas Air IPO Rating

       Rating: 3.7
    49
    3.7
    Rating:Rated 3.7 stars

    Vote Here ...

       IPO Reviews  |  IPO Gradings

    Swajas Air IPO Prospectus

    Company Contact Information

    Registered Office :
        1/62 4, 1st Street,
        Ravi Colony,
        St. Thomas Mount, Chennai 600 016
    Phone: +91 44 43947700
    Fax: +91 44 43519017
    Email: compliane@swajasair.com
    Website: http://www.swajasaircharter.com

    Swajas Air IPO Registrar

    Cameo Corporate Services Limited   »  Report
       Cameo Corporate Services Ltd.,
       Subramanian Building # 1, Club House Road,
       Chennai 600 002 - India

    Phone: +91-44-28460390
    Fax: +91-44-28460129
    Email: cameo@cameoindia.com
    Website: http://www.cameoindia.com

    Swajas Air IPO Lead Manager(s)

    Swajas Air IPO Messages (Swajas Air IPO Comments)

      Post New Message ...  

    36. naseer  Feb 03, 2012 4:25:26 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    naseer's - IPO Comments,  Public Profile

    what about nagarjuna fertilizers and nagarjuna oil refiners ltd, coz i'm holding shares before de-listing

     

    35. ankit sheth  Nov 07, 2011 11:52:01 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    ankit sheth's - IPO Comments,  Public Profile

    at the day of listing public will loose money heavily. because issue will be cancalled in early month due to price. and then after lower price will be select.

     

    34. Dhiren parmar  Nov 03, 2011 10:44:39 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Dhiren parmar's - IPO Comments,  Public Profile

    MCX IPO hitting stands mostly in 3rd weeek of november.

     

    33. ashish p  Nov 03, 2011 12:02:07 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    ashish p's - IPO Comments,  Public Profile

    can anybody tell what exactly is happening with swajas ipo

     

    33.1. Priya Jain  Nov 03, 2011 3:53:59 AM IST |  I Like It.  Like  |  Report Abuse
    Priya Jain's - IPO Comments,  Public Profile

    Few days back some one said this ipo has been cancelled....but i am also looking for notice from BSE or NSE...

     

    32. ronak khandelwal  Oct 27, 2011 12:32:41 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    ronak khandelwal's - IPO Comments,  Public Profile

    IS THIS IPO GOT CANCELLED IS IT TRUE???IF YES TILL YET I DIDNT GOT REFUND AMOUNT OR CREDITED TO MY BANK A/C

     

    31. bhaji mula  Oct 23, 2011 8:33:27 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    bhaji mula's - IPO Comments,  Public Profile

    Amount refunded to SBI ASBA applications.

     

    30. Tiger n Tiger  Oct 22, 2011 6:38:24 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Tiger n Tiger's - IPO Comments,  Public Profile


    IT seems , Swajas Air funds have been released from ASBA.

     

    29. Ali bhoy sakarbazar wala  Oct 21, 2011 7:10:06 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ali bhoy sakarbazar wala's - IPO Comments,  Public Profile

    Refund credited in Bank

     

    28. JUBILANT  Oct 21, 2011 2:02:28 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    JUBILANT's - IPO Comments,  Public Profile

    This issue cancelled and the refund will be given in next week as per registrar office

     

    28.1. Priya Jain  Oct 21, 2011 2:58:17 PM IST |  I Like It.  Like  |  Report Abuse
    Priya Jain's - IPO Comments,  Public Profile

    Could you pls share the source with us....

     

    27. rajiv jain  Oct 21, 2011 10:40:06 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    rajiv jain's - IPO Comments,  Public Profile

    THIS ISSUE LOOK LIKE A VASWANI AGAIN

     

    26. m.l.a.  Oct 21, 2011 6:12:24 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    m.l.a.'s - IPO Comments,  Public Profile

    issue get cancelled due to under subs in Qib, it was required one times . no one knows when we will get the refund,

     

    25. Ali bhoy sakarbazar wala  Oct 20, 2011 4:43:30 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ali bhoy sakarbazar wala's - IPO Comments,  Public Profile

    BREAKING NEWS
    SWAJAS IPO CANCELLED
    REFUND WHEN WILL COME REGISTRAR UNABLE TO SAY

     

    24. ronak khandelwal  Oct 18, 2011 12:43:08 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    ronak khandelwal's - IPO Comments,  Public Profile

    WHEN WILL BE THE ALLOTMENT STATUS OF THIS SHARE ANY IDEA PLEASE TELL.

     

    23. Tejas  Oct 09, 2011 12:00:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Tejas's - IPO Comments,  Public Profile

    The next listing fiasco will be Swajas Air Because of its extreme high valuation.

    If its starts falling it can be as big as 50% or more. Be cautious while buying this counter. Trade with strict Stop loss & no average.a

     

    22. JIGNESH IPO  Oct 07, 2011 6:59:59 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    JIGNESH IPO's - IPO Comments,  Public Profile

    PLZ BE CAREFULL.
    LOTS OF STOP PAYMENT.

     

    21. Ritesh kg  Oct 06, 2011 10:20:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ritesh kg's - IPO Comments,  Public Profile

    Swajas IPO may be in trouble again as it didnt complete 1 time QIB which was mandatory as per RHP ...

    More details to come ................

     

    20. Jackpoat  Oct 05, 2011 5:16:37 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Jackpoat's - IPO Comments,  Public Profile

    Last moment Rush ssen,I have missed a good chance

     

    19. gundu anna  Sep 30, 2011 8:07:54 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    gundu anna's - IPO Comments,  Public Profile

    dont apply to this IPo....Junk...

     

    18. SUPERIPO  Sep 29, 2011 1:55:36 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    SUPERIPO's - IPO Comments,  Public Profile

    SWAJAS AIR CHARTERS ka TAKE OFF hone se pehle hi LANDING ho gya,
    this is a very high price ipo,so please avoid.

     

    17. Dilip Davda  Sep 28, 2011 9:53:24 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Dilip Davda's - IPO Comments,  Public Profile

    Even with revised price band, Issue is not worth considering. It can be looked only if the offer price is below Rs. 50

     

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