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Four IPOs coming despite mkt turmoil

06:38 AM Jun 02, 2019 |

IPO CORNER Dilip Davda

Swajas Air Charters Limited: A small size non- scheduled airline operator, Swaja Air Charters Ltd. is currently engaged in general Air- Charter Services, Offshore Transportation and Logistics, Charter Tourism,

Medical Evacuation Services and aviation- related operation and maintenance services. It has a fleet of fix- wing aircrafts and helicopters that offers services within and outside India. The company has clients like L & T, Videocon Ind., Govt. of Orissa, Nimbus Communications, Suzlon Energy, Apollo Hospital group, Balco ( PSU), Hardy Exploration etc.

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It is planning to expand its fleet, set up MRO/ Hanger and office building and raise general corpus fund. To partfinance these, the company proposes to offer (*) equity share of Rs. 10 each within a price band of Rs. 90- 100 via book- building process. The issue opens on September 26 and closes on September 28.

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Application is to be made for minimum of 60 shares and in multiples ther

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