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.

Swajas Air IPO Details

IPO Opening DateSep 26, 2011
IPO Closing DateOct 5, 2011
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹84 to ₹90 per equity share
Market Lot60 Shares
Min Order Quantity60 Shares
Listing AtBSE, NSE
Issue Size4,166,667 Eq Shares of ₹10
(aggregating up to ₹37.50 Cr)

Swajas Air IPO Lot Size

The Swajas Air IPO market lot size is 60 shares. A retail-individual investor can apply for up to 37 lots (2220 shares or ₹199,800).

ApplicationLotsSharesAmount (Cut-off)
Minimum160₹5,400
Maximum372220₹199,800

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

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 (Bidding Detail)

The Swajas Air IPO is subscribed 1.72x times on Oct 5, 2011 17:00. The public issue subscribed 2.69x in the retail category, 0.90x in the QIB category, and 2.18x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

0.90x

NII

2.18x

RII

2.69x

Total

1.72x

Swajas Air IPO Prospectus

Swajas Air IPO Rating

49
3.7
Rating:Rated 3.7 stars

Vote Here ...

Company Contact Information

Swajas Air Charters Ltd
1/62 4, 1st Street,
Ravi Colony,
St. Thomas Mount, Chennai 600 016

Phone: +91 44 43947700
Email: compliane@swajasair.com
Website: http://www.swajasaircharter.com

Swajas Air IPO Registrar

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

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/

Swajas Air IPO FAQs

  1. What is Swajas Air IPO?

    Swajas Air IPO is a main-board IPO of 4,166,667 equity shares of the face value of ₹10 aggregating up to ₹37.50 Crores. The issue is priced at ₹84 to ₹90 per equity share. The minimum order quantity is 60 Shares.

    The IPO opens on Sep 26, 2011, and closes on Oct 5, 2011.

    Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Swajas Air IPO will open?

    The Swajas Air IPO opens on Sep 26, 2011 and closes on Oct 5, 2011.

  3. What is the lot size of Swajas Air IPO?

    Swajas Air IPO lot size is 60 Shares and the minimum order quantity is 60 Shares.

  4. How to apply for Swajas Air IPO?

    You can apply in Swajas Air IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Swajas Air IPO allotment?

    The finalization of Basis of Allotment for Swajas Air IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Swajas Air IPO allotment status.

  6. When is Swajas Air IPO listing date?

    The Swajas Air IPO listing date is not yet announced. The tentative date of Swajas Air IPO listing is [.].

Swajas Air IPO Message Board

Ranked Members  Ranked Members

Loading...
36. naseer |Feb 3, 2012 15:25
what about nagarjuna fertilizers and nagarjuna oil refiners ltd, coz i'm holding shares before de-listing
35. ankit sheth |Nov 7, 2011 10:52
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 3, 2011 21:44
MCX IPO hitting stands mostly in 3rd weeek of november.
33. ashish p |Nov 2, 2011 23:02
can anybody tell what exactly is happening with swajas ipo
33.1. Priya Jain |Nov 3, 2011 02:53
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 11:32
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 19:33
Amount refunded to SBI ASBA applications.
30. Tiger n Tiger |Oct 22, 2011 17:38

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

29. Ali bhoy sakarbazar wala |Oct 21, 2011 18:10
Refund credited in Bank
28. JUBILANT |Oct 21, 2011 13:02
This issue cancelled and the refund will be given in next week as per registrar office
28.1. Priya Jain |Oct 21, 2011 13:58
Could you pls share the source with us....
27. rajiv jain |Oct 21, 2011 09:40
THIS ISSUE LOOK LIKE A VASWANI AGAIN
26. m.l.a. |Oct 21, 2011 05:12
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 15:43
BREAKING NEWS
SWAJAS IPO CANCELLED
REFUND WHEN WILL COME REGISTRAR UNABLE TO SAY
24. ronak khandelwal |Oct 18, 2011 11:43
WHEN WILL BE THE ALLOTMENT STATUS OF THIS SHARE ANY IDEA PLEASE TELL.
23. Tejas |Oct 9, 2011 11:00
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 7, 2011 17:59
PLZ BE CAREFULL.
LOTS OF STOP PAYMENT.
21. Ritesh kg |Oct 6, 2011 21:20
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 5, 2011 16:16
Top Contributor Top Contributor (200+ Posts)
Last moment Rush ssen,I have missed a good chance
19. gundu anna |Sep 30, 2011 19:07
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
dont apply to this IPo....Junk...
18. SUPERIPO |Sep 29, 2011 12:55
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 20:53
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

Read my IPO Reviews








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