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Swajas Air Charters Ltd IPO (Swajas Air IPO) Detail

September 26, 2011 - October 5, 2011

Swajas Air IPO is a book built issue of Rs 37.50 crores.

Swajas Air IPO bidding started from September 26, 2011 and ended on October 5, 2011.

Swajas Air IPO price band is set at ₹84 to ₹90 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹5,400.

Aryaman Financial Services Limited is the book running lead manager of the Swajas Air IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Swajas Air IPO RHP for detailed information.

Swajas Air IPO Details

IPO Date September 26, 2011 to October 5, 2011
Listing Date [.]
Face Value ₹10 per share
Price Band ₹84 to ₹90 per share
Lot Size 60 Shares
Total Issue Size4,166,667 shares
(aggregating up to ₹37.50 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Swajas Air IPO Reservation

Swajas Air IPO offers 4,166,667 shares. 2,083,334 (50.00%) to QIB, 625,000 (15.00%) to NII, 1,458,333 (35.00%) to RII. 24,305 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 2,280 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,083,334 (50.00%)NA
NII (HNI) Shares Offered625,000 (15.00%)
Retail Shares Offered1,458,333 (35.00%)24,305
Total Shares Offered4,166,667 (100%)

Swajas Air IPO Lot Size

Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 60 ₹5,400
Retail (Max) 37 2220 ₹199,800
Lot Size Calculator

About Swajas Air Charters Ltd

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 Financials

ParticularsFor the year/period ended (in Rs. Lacs)
Total Income3263.002,915.12751.97
Profit After Tax (PAT)134.2378.5738.78

Objects of the Issue (Swajas Air IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  Avoid. Net profit of Rs. 1.34 crore on a turnover of Rs. 32.63 crore for the year 2010-11 makes this offer expensive one as it translates into a P/E of 100 plus. Read detail review...

Swajas Air IPO Subscription Status (Bidding Detail)

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

CategorySubscription (times)

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 Prospectus

Swajas Air IPO Rating

Rating:Rated 3.7 stars
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Swajas Air Charters Ltd Contact Details

Swajas Air Charters Ltd
1/62 � 4, 1st Street,
Ravi Colony,
St. Thomas Mount, Chennai � 600 016
Phone: +91 44 43947700

Swajas Air IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Swajas Air IPO - Buy or Not

Swajas Air IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 2
Members 0 0 0

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Swajas Air IPO FAQs

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 share. The minimum order quantity is 60 Shares.

The IPO opens on September 26, 2011, and closes on October 5, 2011.

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

The Swajas Air IPO opens on September 26, 2011 and closes on October 5, 2011.

Swajas Air IPO lot size is 60 Shares, and the minimum amount required is ₹5,400.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



36. naseer |   Link |February 3, 2012 4:25:26 PM
what about nagarjuna fertilizers and nagarjuna oil refiners ltd, coz i'm holding shares before de-listing
35. ankit sheth |   Link |November 7, 2011 11:52:01 AM
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 |   Link |November 3, 2011 10:44:39 PM
MCX IPO hitting stands mostly in 3rd weeek of november.
33. ashish p |   Link |November 3, 2011 12:02:07 AM
can anybody tell what exactly is happening with swajas ipo
33.1. Priya Jain |   Link |November 3, 2011 3:53:59 AM
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 |   Link |October 27, 2011 12:32:41 PM
31. bhaji mula |   Link |October 23, 2011 8:33:27 PM
Amount refunded to SBI ASBA applications.
30. Tiger n Tiger |   Link |October 22, 2011 6:38:24 PM

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

29. Ali bhoy sakarbazar wala |   Link |October 21, 2011 7:10:06 PM
Refund credited in Bank
28. JUBILANT |   Link |October 21, 2011 2:02:28 PM
This issue cancelled and the refund will be given in next week as per registrar office
28.1. Priya Jain |   Link |October 21, 2011 2:58:17 PM
Could you pls share the source with us....
27. rajiv jain |   Link |October 21, 2011 10:40:06 AM
26. m.l.a. |   Link |October 21, 2011 6:12:24 AM
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 |   Link |October 20, 2011 4:43:30 PM
24. ronak khandelwal |   Link |October 18, 2011 12:43:08 PM
23. Tejas |   Link |October 9, 2011 12:00:05 PM
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 |   Link |October 7, 2011 6:59:59 PM
21. Ritesh kg |   Link |October 6, 2011 10:20:11 PM
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 |   Link |October 5, 2011 5:16:37 PM (200+ Posts)
Last moment Rush ssen,I have missed a good chance
19. gundu anna |   Link |September 30, 2011 8:07:54 PM (500+ Posts, 100+ Likes)
dont apply to this IPo....Junk...
18. SUPERIPO |   Link |September 29, 2011 1:55:36 PM
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 |   Link |September 28, 2011 9:53:24 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
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

Read my IPO Reviews