The book-built issue of Rs 37.50 crore is the Swajas Air IPO. On September 26, 2011, the IPO auction for Swajas Air began, and it concluded on October 5, 2011. The pricing range for the Swajas Air IPO is ₹84 to ₹90 per share. An application must have a minimum lot size of 60 shares. Retail investors are required to invest a minimum of ₹5,400.
An array of fixed-wing and helicopter aircraft both inside and outside of India is serviced by Swajas Air Charters Ltd., a non-scheduled airline operator. The services offered by Swajas Air can satisfy a variety of aviation needs, including corporate travel, emergency medical care, aircraft management, maintenance, and technical support. Numerous services provided by Swajas Air fall into the following categories:
- General Air-Charter Services
- Off-Shore Transportation and Logistics
- Charter Tourism
- Medical Evacuation Services
- Operations and Maintenance
Objects of the Issue (Swajas Air IPO Objectives)
The objects of the issue are:
- Part Finance: Fleet expansion;
- Finance the setting up of MRO/Hangar Facility;
- Finance the purchase of an office building or space;
- Finance the Working Capital Requirements; and
- General corporate purposes.
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 Size | 4,166,667 shares (aggregating up to ₹37.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Swajas Air IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,400 |
| Retail (Max) | 37 | 2220 | ₹199,800 |
Swajas Air IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 2,083,334 (50.00%) | NA |
| NII (HNI) Shares Offered | 625,000 (15.00%) | |
| Retail Shares Offered | 1,458,333 (35.00%) | 24,305 |
| Total Shares Offered | 4,166,667 (100%) |
Swajas Air Charters Ltd Contact Details
Swajas Air Charters Ltd
1/62, 1st Street,
Ravi Colony,
St. Thomas Mount, Chennai, 600 016
Phone: +91 44 43947700
Email: [email protected]
Website: http://www.swajasaircharter.com
Swajas Air IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com
Swajas Air IPO FAQs
Q1. What is the Swajas Air IPO?
Ans. Swajas Air IPO is a main-board IPO of 4,166,667 equity shares with a face value of ₹10, aggregating up to ₹37.50 crore. 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.
Q2. When will Swajas Air IPO open?
Ans. The Swajas Air IPO opens on September 26, 2011 and closes on October 5, 2011.
Q3. What is the size of the Swajas Air IPO?
Ans. Swajas Air IPO lot size is 60 shares, and the minimum amount required is ₹5,400.
Q4. When is the Swajas Air IPO listing date?
Ans. The Swajas Air IPO listing date has not yet been announced. The tentative date of Swajas Air IPO listing is [.].
