Deccan Aviation IPO subscribed 1.23 times

Deccan Aviation inital public offer, IPO has been subscribed 1.23, as per the NSE website on 26 May 2006.
Qualified Institutional Buyers, QIBs, portion has been subscribed 1.0899 times. The Non Institutional Investors has been subscribed 1.1535 times and the retail portion has been suscribed 1.4565 times.
Deccan Aviation IPO was the first Indian IPO to ever get extended. The issue opened on the doomed day of May 18, when the Sensex crashed over 800 points. It was meant to close on May 23, but the date was extended till May 26. The price band was also changed marginally, from Rs 150-175 per share to Rs 146-175 per share.
Deccan Aviation's IPO consists of 2.45 crore equity shares.
27/05/06 Moneycontrol.com

To Read the News in full at Source, Click the Headline