Analysis and Insights into the world of IPOs and investing in India

Monday, September 26, 2011

Swajas Air Charters IPO gets paltry subscription on the opening day

Swajas Air Charters Limited has received nominal subscription on the opening day with only the Retail Category getting bids being received for only 360 Equity Shares as against 1458333 Equity Shares being reserved for the category

No bids has been received from the QIB and the HNI category of investors. The IPO would remain open for subscription till September 28, 2011. The IPO is a Fixed priced Issue with the Equity Shares being offered at an Issue Price of Rs.60/- per equity share

An analysis from the Indian IPO Blog Insights hints that the Issue is priced aggressively. Click here to check out complete Insight report on Swajas Air Charters IPO!
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