Monday 26 September 2011

Swajas Air Charters Ltd

Offer Opens on
Offer Closes on
Offer Price
26th Sep, 2011
28th Sep, 2011
90 - 100


Swajas Air Charters Ltd( Swajas Air Charters IPO ) 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.

Objectives of Swajas Air Charters IPO
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.

ICRA has assigned an IPO Grade 2(Below Average Fundamentals) to Swajas Air Charters IPO

No comments:

Post a Comment

Index Watch

Global Markets Updates

What's making news?

Global Indices