Poor response for Swajas Air Charters IPO

Swajas Air Charters' initial public offer (IPO) failed to generate investors' interest on the second straight day of bidding for the issue today. The IPO received bids for just 5,100 shares, compared with 41.66 lakh shares on offer.
Swajas Air Charters has fixed the price band at Rs. 90-100 per share for the Rs. 37.50 crore initial public offer.
The issue will close on 28 September 2011.
27/09/11 India Infoline.com

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Categories: Indian Aviation- In General Sep 2011