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.
The Individual Promoters are:
1. Mr. R. Jayakumar
2. Mr. Christopher Ian Want
|Particulars||For the year/period ended (in Rs. Lacs)|
|Profit After Tax (PAT)||134.23||78.57||38.78|
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 Open: Sep 26, 2011 - Oct 5, 2011
»» Issue Type: Book Built Issue IPO
»» Issue Size: 4,166,667 Equity Shares of Rs 10 aggregating up to Rs 37.50 Cr
»» 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
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.
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.
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.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||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 3, 2011 17:00 IST||0.0000||0.0100||0.0400||0.0100|
|Day 7 - Oct 4, 2011 17:00 IST||0.8000||0.0000||0.0400||0.4100|
|Day 8 - Oct 5, 2011 17:00 IST||0.9000||2.1800||2.6900||1.7200|
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