Swajas Air Charters entered the capital markets 0n 26 Sep 2011 with an initial public offering, IPO of Rs. 37.50 Crore and the price band was initally fixed for Rs 90/- at lower level and Rs 100/- at upper level. However due to tepid response now the price band has been revised to 90 to 84 on the lower side and dates for subscription has also been revised to 05 Oct. CRISIL / CARE / ICRA / FITCH IPO Grading for the IPO is 2. The shares will be listed at BSE and NSE.
Swajas Air Charters Ltd is a a Non-Scheduled Airline Operator, servicing a fleet of fixed-wing aircraft and helicopters across India. 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.
Thus seeing the tepid response to the IPO it is best to avoid this stock for the time being and be ready with cash.
Swajas Air Charters Ltd is a a Non-Scheduled Airline Operator, servicing a fleet of fixed-wing aircraft and helicopters across India. 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.
Thus seeing the tepid response to the IPO it is best to avoid this stock for the time being and be ready with cash.
