E-Paper
Swajas Air Charters sets IPO price band at Rs 90-100/share
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.
Updated on: Sep 23, 2011, 20:24:00 IST
Share via
Copy link
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.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
