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Swajas Air Charters, Non-Scheduled Airline Operator, initial public offer (IPO) got dismal response on first day of issue. As per the data available with the NSE, total bid of 360 shares were received for the issue of 4166667 shares, 300 bids were received at the cut-off price.
The company is planning to raise Rs 3,750 lakhs through this IPO and has set price band of Rs 90 to Rs 100. The issue opens on September 26 and closes on September 28, 2011. Aryaman Financial Services is the book running lead manager and Cameo Corporate Services is the registrar to the issue.
The company intends to utilize the issue proceeds to part finance the fleet expansion; finance the setting up of MRO/hangar facility; finance the purchase of office building / space; finance the working capital requirements and general corporate purposes.
Swajas Air Charters is a Non-Scheduled Airline Operator servicing a fleet of fixed-wing aircraft and helicopters across India. The company has gradually grown to dry lease and wet lease a number of helicopters and aircrafts of its own and has become one of the key Non-Scheduled Operator in Southern India having gained experience over the years. The services provided 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.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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