Swajas Air Charters sets IPO price band at Rs 90-100/share | business | Hindustan Times
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Swajas Air Charters sets IPO price band at Rs 90-100/share

business Updated: Sep 23, 2011 20:24 IST

PTI
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Swajas Air Charters has fixed the price band at Rs 90-100 per share for the Rs 37.5-crore initial public offer, which opens on Monday.

"The company proposes to enter the capital markets on September 26 with a public issue ... has fixed the price band at Rs 90 to Rs 100 per equity share of Rs 10 each," Swajas Air Charters said in a statement.

The issue will close on September 28.

The company proposes to utilise the net proceeds of the issue to part finance the fleet expansion, finance the setting up of MRO/Hangar facility, finance the purchase of office building/space, meet the working capital requirements and general corporate purposes.

Aryaman Financial Services is the sole book running lead manager for the issue.

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