Key Points
The IPO, consisting of a fresh equity sale of 61.4 lakh shares, received over 900 times subscription..
The stock listed at Rs 145 on NSE, compared with an offer price of Rs 33..
The strong buzz created by the SME IPO was not only evident in the subscription figures, but also in the grey market premium for the stock..
The net proceeds from the public offer will be used for funding expenses incurred towards various certifications from various regulators, working capital requirements, repayment of debt and general corporate purposes...
The company through its long-standing experience has also been able to diversify its offerings to include a wide spectrum of in-flight experiences, ranging from curated entertainment on IFE systems, on-board communication through hi-tech patented solutions, innovative inflight magazines, sampling on board, and strategic ambient advertising.. Further, it also offers strategic and innovative advertisement platforms to an advertiser to target a flyer at every step of the journey starting from pre-boarding, on-board, and post-boarding...
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