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Swajas Air Charters Ltd IPO (Swajas Air IPO) Detail

Sep 26, 2011 - Oct 5, 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 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

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 / Recommendations:

MLR Securities - Avoid.
Dilip Davda - Avoid

 

IPO Notices

External Link

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.

Swajas Air IPO Subscription Status / Live Bidding Status

Swajas Air IPO Subscription Status tells if Swajas Air IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Swajas Air IPO oversubscribed if bids are received for more shares than what is offered by the company.

Swajas Air IPO - How Many Times Subscribed?
Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved2,083,334625,0001,458,3334,166,667
Day 1 - Sep 26, 2011 17:00 IST0.00000.00000.00000.0000
Day 2 - Sep 27, 2011 17:00 IST0.00000.00000.00000.0000
Day 3 - Sep 28, 2011 17:00 IST0.00000.01000.04000.0100
Day 4 - Sep 29, 2011 17:00 IST0.00000.01000.04000.0100
Day 5 - Sep 30, 2011 17:00 IST0.00000.01000.04000.0100
Day 6 - Oct 3, 2011 17:00 IST0.00000.01000.04000.0100
Day 7 - Oct 4, 2011 17:00 IST0.80000.00000.04000.4100
Day 8 - Oct 5, 2011 17:00 IST0.90002.18002.69001.7200

Swajas Air IPO Prospectus

Swajas Air IPO Rating

49
3.7
Rating:Rated 3.7 stars

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Swajas Air IPO News Alerts

  1. Wednesday, October 5, 2011 12:00:00 AM
    Swajas Air Charters Ltd IPO - Close
  2. Wednesday, September 28, 2011 10:41:02 AM
    Swajas Air Charters IPO postponed
  3. Monday, September 26, 2011 12:00:00 AM
    Swajas Air Charters Ltd IPO - Open
  4. Thursday, September 22, 2011 3:56:55 AM
    Upcoming IPO - Swajas Air Charters Ltd

Company Contact Information

Swajas Air Charters Ltd
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)

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Swajas Air IPO Review / Comments

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36. naseer  Feb 3, 2012 3:25:26 PM IST I Like It. | Report Abuse
what about nagarjuna fertilizers and nagarjuna oil refiners ltd, coz i'm holding shares before de-listing
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35. ankit sheth  Nov 7, 2011 10:52:01 AM IST I Like It. | Report Abuse
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.
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34. Dhiren parmar  Nov 3, 2011 9:44:39 PM IST I Like It. | Report Abuse
MCX IPO hitting stands mostly in 3rd weeek of november.
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33. ashish p  Nov 2, 2011 11:02:07 PM IST I Like It. | Report Abuse
can anybody tell what exactly is happening with swajas ipo
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33.1. Priya Jain  Nov 3, 2011 2:53:59 AM IST I Like It. | Report Abuse
Few days back some one said this ipo has been cancelled....but i am also looking for notice from BSE or NSE...
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32. ronak khandelwal  Oct 27, 2011 11:32:41 AM IST I Like It. | Report Abuse
IS THIS IPO GOT CANCELLED IS IT TRUE???IF YES TILL YET I DIDNT GOT REFUND AMOUNT OR CREDITED TO MY BANK A/C
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31. bhaji mula  Oct 23, 2011 7:33:27 PM IST I Like It. | Report Abuse
Amount refunded to SBI ASBA applications.
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30. Tiger n Tiger  Oct 22, 2011 5:38:24 PM IST I Like It. | Report Abuse

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

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29. Ali bhoy sakarbazar wala  Oct 21, 2011 6:10:06 PM IST I Like It. | Report Abuse
Refund credited in Bank
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28. JUBILANT  Oct 21, 2011 1:02:28 PM IST I Like It. | Report Abuse
This issue cancelled and the refund will be given in next week as per registrar office
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28.1. Priya Jain  Oct 21, 2011 1:58:17 PM IST I Like It. | Report Abuse
Could you pls share the source with us....
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27. rajiv jain  Oct 21, 2011 9:40:06 AM IST I Like It. | Report Abuse
THIS ISSUE LOOK LIKE A VASWANI AGAIN
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26. m.l.a.  Oct 21, 2011 5:12:24 AM IST I Like It. | Report Abuse
issue get cancelled due to under subs in Qib, it was required one times . no one knows when we will get the refund,
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25. Ali bhoy sakarbazar wala  Oct 20, 2011 3:43:30 PM IST I Like It. | Report Abuse
BREAKING NEWS
SWAJAS IPO CANCELLED
REFUND WHEN WILL COME REGISTRAR UNABLE TO SAY
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24. ronak khandelwal  Oct 18, 2011 11:43:08 AM IST I Like It. | Report Abuse
WHEN WILL BE THE ALLOTMENT STATUS OF THIS SHARE ANY IDEA PLEASE TELL.
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23. Tejas  Oct 9, 2011 11:00:05 AM IST I Like It. | Report Abuse
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
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22. JIGNESH IPO  Oct 7, 2011 5:59:59 PM IST I Like It. | Report Abuse
PLZ BE CAREFULL.
LOTS OF STOP PAYMENT.
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21. Ritesh kg  Oct 6, 2011 9:20:11 PM IST I Like It. | Report Abuse
Swajas IPO may be in trouble again as it didnt complete 1 time QIB which was mandatory as per RHP ...

More details to come ................
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20. Jackpoat  Oct 5, 2011 4:16:37 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Last moment Rush ssen,I have missed a good chance
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19. gundu anna  Sep 30, 2011 7:07:54 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
dont apply to this IPo....Junk...
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18. SUPERIPO  Sep 29, 2011 12:55:36 PM IST I Like It. | Report Abuse
SWAJAS AIR CHARTERS ka TAKE OFF hone se pehle hi LANDING ho gya,
this is a very high price ipo,so please avoid.
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17. Dilip Davda  Sep 28, 2011 8:53:24 PM IST I Like It. | Report Abuse
Even with revised price band, Issue is not worth considering. It can be looked only if the offer price is below Rs. 50

Dilip Davda
SEBI registered Research Analyst
Mumbai

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