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Swajas Air Charters IPO is a book build issue .
Swajas Air Charters IPO bidding started from Sep 26, 2011 and ended on Oct 5, 2011.
Swajas Air Charters IPO price band is set at ₹90.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,040 (60 shares). The lot size investment for sNII is 38 lots (2,280 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (11,160 shares), amounting to ₹10,04,400.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Swajas Air Charters IPO RHP for detailed Information.
| IPO Date | September 26, 2011 to October 5, 2011 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹84 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 60 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,12,49,536 shares |
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 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 IPO opens on September 26, 2011, and closes on October 5, 2011.
| IPO Open Date | Mon, Sep 26, 2011 |
| IPO Close Date | Wed, Oct 5, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 5, 2011 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,400 |
| Retail (Max) | 37 | 2,220 | ₹1,99,800 |
| S-HNI (Min) | 38 | 2,280 | ₹2,05,200 |
| S-HNI (Max) | 185 | 11,100 | ₹9,99,000 |
| B-HNI (Min) | 186 | 11,160 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Lacs) | ||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 3263.00 | 2,915.12 | 751.97 |
| Profit After Tax (PAT) | 134.23 | 78.57 | 38.78 |
| KPI | Values |
|---|---|
| RoNW | 14.33% |
The Company Swajas Air IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Acquisition of a Bell 407 Helicopter | 7.82 |
| 2 | Acquisition of a PC Pilatus Aircraft | 9.42 |
| 3 | Helicopter/Aircraft acquisition related direct expenses | 0.96 |
| 4 | Setting up MRO/Hangar Facility | 9.05 |
| 5 | Purchase of Office Building / Space | 3.50 |
| 6 | Working capital | 3.78 |
| 7 | General Corporate Purposes |
[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...
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
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.
Swajas Air Charters Ltd.
1/62 – 4, 1st Street,
Ravi Colony,
St. Thomas Mount
Chennai, Tamil Nadu, 600016
Phone: +91 44 43947700
Email: compliane@swajasair.com
Website: http://www.swajasaircharter.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Swajas Air Charters IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹90 per share. The minimum order quantity is 60.
The IPO opens on September 26, 2011, and closes on October 5, 2011.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Swajas Air Charters IPO using UPI as a payment gateway. Zerodha customers can apply in Swajas Air Charters IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Swajas Air Charters IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Swajas Air Charters IPO opens on September 26, 2011 and closes on October 5, 2011.
Swajas Air Charters IPO lot size is 60, and the minimum amount required for application is ₹5,400.
You can apply in Swajas Air Charters IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Swajas Air Charters IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Swajas Air Charters IPO allotment status.
The Swajas Air Charters IPO listing date is not yet announced. The tentative date of Swajas Air Charters IPO listing is [.].
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