Consensus eludes Air Deccan IPO

New Delhi: Air Deccan urgently needs about Rs 1,125 crore to run its operations but it has not yet reached consensus with bankers on the price band for its IPO.
Air Deccan's Chairman Captain Gopinath wants a price band of Rs 325-350 per share, but merchant bankers prefer Rs 200-225. The lower price is justified by Air Deccan's losses in its first year.
In the April-September quarter it lost Rs 72 crore and between October and February it lost another 60 crore.
24/03/06 NDTV

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